24/7 Wall St.

Media Digest 10/7/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Bank of America (BAC) reported weak earnings and cut its dividend.

Reuters reports that Wells Fargo (WFC) and Citigroup (C) agreed to drop litigation for now and negotiate over a deal to buy Wachovia (WB).

Reuters reports that members of the Fed are divided on a rate cut.

Media Digest 10/6/2008 Reuters, WSJ, NYTimes, Bloomberg

According to Reuters, regulators around the world are trying to shore up the banking system.

Reuters reports that the Fed is trying to broker a deal for whether Citigroup (C) or Wells Fargo (WFC) will buy Wachovia.

Reuters writes that Eli Lilly (LLY) is set to buy Imclone for $6.1 billion.

Media Digest 10/3/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the House will vote on the bailout bill today.

Reuters reports that JP Morgan (JPM) will not keep the CEO of WaMu.

Reuters reports that John Thain of Merrill Lynch (MER) will head investment banking and wealth management at Bank of America (BAC).

Media Digest 10/2/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the economic bailout bill passed the Senate and is likely to pass the House.

Reuters reports that GE (GE) raised $15 billion with some of the capital coming from Warren Buffett.

Reuters writes the the SEC extended its short sales ban.

Media Digest 10/1/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, a Senate plan to vote on the bailout package pushed US markets up.

Reuters reports that the FDIC would like to increase the value of the accounts it insures.

Reuters reports that the SEC gave management more flexibility in the use of mark-to-market accounting at financial companies

Media Digest 9/30/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the credit crisis has sharply increased the chances of a deep recession.

Reuters reports that the fall in the stock market is pushing investors into safe investments like Treasuries.

Reuters reports that a freeze up in money markets may cause a rate cut.

Media Digest 9/29/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Congress is ready to vote on a $700 billion financial bailout package.

Reuters reports that Belgian-Dutch group Fortis was nationalized

Reuters reports that British mortgage lender Bradford & Bingley will have it branches sold and the rest will be nationalized.

Reuters reports that weak US bank Wachovia (WB) is likely to be taken over by Citigroup (C) or Wells Fargo (WFC)

Media Digest 9/26/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, talks over a US bailout of banks broke down and will begin again today.

Reuters reports that Washington Mutual (WM) became the largest bank failure in US history. Many of its assets were sold to JP Morgan (JPM).

Reuters reports that RIM (RIMM) fell as it posted a weak forecast.

Media Digest 9/25/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Bush called an emergency meeting of Congressional leaders to push through bank bailout legislation.

Reuters reports that Goldman Sachs (GS) and Morgan Stanley (MS) are preparing to take advantage of their new status as bank holding companies by raising billions of dollars.

Reuters says that Paulson gave ground on the idea that CEO pay must be restricted at banks which benefit from the bailout.

Media Digest 9/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Warren Buffett invested $5 billion in Goldman Sachs (GS).

Reuters says that the Paulson bailout plan is being attacked in Congress.

Reuters reports that Japanese banks, in trouble a decade ago, are buying into US financial stocks.

Reuters reports that hedge funds will probably not be included in the government bailout.

Media Digest 9/23/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Wilbur Ross say the bailout package does not address the core of problem which is mortgage payments.

Reuters writes that the National Retail Federation says that this will be the worst holiday season in at least six years.

Reuters reports that the head of Caterpillar (CAT) says that the financial crisis has not hurt the company's financial arm.

Media Digest 9/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Citigroup (C) is considering buying Washington Mutual (WM).

Reuters reports that US markets rallied on word of a potential plan for the government to take over the toxic assets of banks.

Reuters reports that a possible merger of Wachovia (WB) and Morgan Stanley (MS) raises questions because of liabilities on the big bank's balance sheet.

Media Digest 9/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Morgan Stanley (MS) is in merger talks with several firms.

Reuters says HSBC (HBC) may be a possible buyer for Morgan Stanley.

Reuters reports that Washington Mutual (WM) is being auctioned off.

Reuters reports that the Fed is not likely to change rates this year.

Media Digest 9/17/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the federal government bailed out AIG (AIG) The Fed will loan the insurance company $85 billion for two years in exchange for a 79.9% stake.

Reuters says that Barclays (BCS) bought the US unit of Lehman (LEH).

Reuters reports that the Fed held interest rates steady.

Media Digest 9/16/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the markets will now turn their attention to AIG (AIG) which is struggling to survive.

Reuters report that the Fed will probably hold interest rates steady and signal a cut for later in the year.

Reuters reports that AIG got help from New York state that allowed it to transfer some money from its operating divisions to the parent.

Media Digest 9/15/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Lehman (LEH) will seek Chapter 11 protection.

Reuters reports that Bank of America (BAC) will buy Merrill Lynch (MER) for $50 billion.

Reuters reports that AIG (AIG) is facing a liquidity crisis and has asked to borrow $40 billion from the Fed.

Reuters writes that ten large banks have set up a $70 billion borrowiing facility.

Media Digest 9/11/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Washington Mutual (WM) fell 30% to a 17-year low.

Reuters reports that billionaire Carlos Slim has bought 6% of The New York Times (NYT).

Reuters writes that Northrop Grumman (NOC) may get a $5 billion deal to build an aircraft carrier for the US Navy.

Chrysler will introduce seven new models by 2010, according to Reuters.

Media Digest 9/11/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Lehman (LEH) will release earnings a week early after its stock dropped 45%.

Reuters reports that OPEC agreed to a surprise production cut.

Reuters reports that CFOs are more optimistic about the US economy.

Reuters reports that Nokia (NOK) has entered into a corporate e-mail deal with Microsoft (MSFT)

Media Digest 9/10/2008

According to Reuters, the bailout of Fannie Mae and Freddie Mac (FRE) was greeted with cautious optimism.

Reuters says the the Justice Department has hired a litigator to look into antitrust issues at Google (GOOG).

The Boeing (BA) strike is having an impact on suppliers and customers around the world, according to Reuters.

Media Digest 9/8/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the government takeover of Fannie Mae (FNM) and Freddie Mac (FRE) will do little to help the mortgage market short-term.

Reuters writes that Lehman (LEH) made a number of changes to top management.

Reuters reports that The Royal Bank of Canada may have an interest in buying Lehman.

Media Diges 9/3/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, oil fell another $1 to $109.

Reuters writes that Coca-Cola (KO) will pay $2.5 billion for Chinese juice maker Huiyuan,

Reuters writes that Google (GOOG) believes the its new browser will replace desktop software.

Reuters reports that HSBC (HBC) and a Chinese bank may be interested in putting money into Lehman (LEH)

Media Digest 9/2/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the manufacturing sector probably did not grow in August

Reuters reports that it appears Gustav did little damage to oil rigs and refineries.

Reuters reports that the Korea Development Bank confirmed it was in talks with Lehman (LEH).

Reuters writes that Alcatel-Lucent (ALU) named new management.

Media Digest 9/1/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Hurricane Gustave is heading toward New Orleans after shutting down most oil production in the Gulf of Mexico.

Reuters reports that Commerzbank will buy Dresdner Bank for $14.5 billion.

Reuters reports that the Korean Development Bank is in talks to take a piece of Lehman (LEH)

Media Digest 8/29/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Lehman (LEH) may fire 1,200 workers.

Reuters reports that Dell (DELL) said its Asia business was fine but offered a cautious forecast.

Reuters reports that Starbucks (SBUX) will offer more promotions and discounts.

Media Digests 8/28/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Toyota (TM) cut its 2009 sales forecast by almost 7%.

Reuters reports that Fannie Mae (FNM) changed several of its top executives.

Reuters writes that Starbucks (SBUX) management will receive no raises next year.

Reuters writes that the CFTC will look into reports on the trading of oil futures.

Media Digest 8/27/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the FDIC may have to borrow money from Treasury to see it though a wave of bank failures.

Reuters reports that Lehman (LEH) has asked three investment firms to stay in the bidding for its money management arm.

Reuters reports that the NY Attorney General is looking at the relationship between Goldman Sachs (GS) and Fidelity in the sale of auction-rate securities.

Media Digest 8/26/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Singapore sovereign fund Temasek say it sees value in US and UK stocks.

Reuters writes that two large bond investors may get involved in raising capital for Fannie Mae (FNM) and Freddie Mac (FRE), if the Treasury is involved.

Reuters reports that Deltal (DAL) has tapped a $1 billion loan ahead of its merger with Northwest (NWA).

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Media Digest 8/25/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, US car sales are likely to have another large drop in August.

Reuters reports that Bernanke would like to see broader regulation of the financial markets.

Reuters reports that most participants at a Fed summit were gloomy about the economy.

Media Digest 8/22/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Warren Buffett and the head of Blackstone (BX) called for a solution to the govenment's growing debt load and reliance of foreign investors to finance US borrowing.

Reuters reports that Korean banks held talks with Lehman (LEH) about taking a stake in the US broker.

Reuters writes that Boeing (BA) is thinking of planning a protest for the way the bidding for a big tanker contest is being managed.

Media Digest 8/21/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Nissan says it will start exporting cars from it China joint venture.

Reuters reports that Micorosft (MSFT) will enlist Seinfeld for its new ad campaign.

Reuters reports that the NY Attorney General will step up his auction-rate probe.

Reuters writes that Fannie Mae (FNM) and Freddie Mac (FRE) fell on concerns of a bail-out.

Media Digest 8/20/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, US inflation rose as the housing market continued to be troubled.

Reuters reports that Hewlett-Packard (HPQ) beat Wall St. expectations.

Reuters reports that Ebay (EBAY) will drop some of its listings fees.

Reuters reports that Fed officials said they must be ready to curb inflation.

Media Digest 8/19/2008 Reuters, WSJ, NYTImes, FT, Bloomberg

According to Reuters, Lehman (LEH) is considering selling it Neuberger Berman asset management unit.

Reuters writes that bail-out concerns pushed down stocks in Fannie Mae (FNM) and Freddie Mac (FRE).

Reuters reports that the former head economist of the IMF said a large US bank will fail.

Media Digest 8/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, analysts expect Lehman (LEH) to have a $1.8 billion loss.

Reuters writes that the US is likely to recapitalize Fannie Mae (FNM) and Freddie Mac (FRE).

Reuters reports that GM (GM) will not buy advertising on this year's Oscars in a move to save money.

Media Digest 8/15/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Ford (F) will build a news luxury crossover vehicle.

Reuters writes that Merrill Lynch (MER) will freeze all hiring through the end of the year.

Reuters reports that the FAA proposes a $7.1 million fine against AMR (AMR).

Reuters reports the consumer prices were up sharply as employment softened.

Media Digest 8/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Greenspan says the housing market should bottom in 2009.

Reuters writes that US auto makers are scrambling to make more fuel-efficient cars.

Reuters reports that the SEC is close to a deal with major banks on auction-rate securities.

Reuters reports that the US short-selling rule for financial stocks had little impact.

Media Digest 8/13/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Goldman Sachs (GS) will buy $1.5 billlion in assets from ABN.

Reuters reports that Ford's (F) new plans will not change because of the fall in gas prices.

Reuters writes that GM (GM) will crack down on healthcare coverage.

Reuters reports that Yahoo! (YHOO) has added new board members to complete a deal with Icahn.

News Digest 8/12/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, JP Morgan (JPM) lost $1.5 billion in July.

Reuters writes the UBS (UBS) posted a huge loss and will split itself into a wealth management operation and an investmen bank.

Reuters reports that Wachovia (WB) lost $9.11 billion and cut more jobs than it initially announced.

Media Digest 8/11/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters reports that UPS (UPS) is trying to buy Dutch rival TNT

Reuters writes that credit unions are being hit by mortgage market problems.

Reuters reports that GATX (GMT) is offering over $3 billion to buy GE's (GE) rail car leasing business.

Media Digest 8/8/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, RBS (RBS) had $1.35 billion loss due to write-downs.

Reuters reports that Google (GOOG) says its investment in AOL may be impaired.

Reuters writes that Citigroup (C) and Merrill Lynch (MER) have settled claims over the auction-rate securities they sold.

Reuters reports that GM (GM) will spend $900 million to make adjustments to its capacity.

Media Digest 8/6/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Freddie Mac (FRE) now has a negative net worth which means some investors think it should trade close to zero.

Reuters writes that AIG (AIG) posted a huge loss of over $5 billion on bad mortgage bets.

Reuters reports that Carl Icahn has joined the Yahoo! (YHOO) board and will begin to pressure the company to make a transaction.

Media Digest 8/6/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, a new tally of votes for the Yahoo! (YHOO) board election shows a high percentage of protest votes.

Reuters reports that the Fed held rates steady and indicated it would not raise rates soon.

Bloomberg writes that Morgan Stanley (MS) has frozen some of its customers' home equity loans.

Media Digest 8/5/2008 Reuters, WSJ, NYTImes, FT, Bloomberg

According to Reuters, large Yahoo! (YHOO) holder Capital Research want to know whether vote counts from the company's annula meeting were accurate.

Reuters writes that the Fed is seen as holding rates steady.

Reuters writes that after damaging their reputations, credit ratings agencies are seeking redemption.

Media Digest 8/4/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the Fed will sit tight on rates as oil prices moderate.

Reuters writes that Verizon (VZ) labor talks have continued past their dealine.

Reuters reports that Chrysler renewed its credit facilities, but at a lower amount.

Media Digest 8/1/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, GM (GM) is expected to post a huge loss.

Reuters reports that oil company profits rose, but Exxon (XOM) missed its numbers.

Reuters reported that stressed banks borrowed a record amount from the Fed last week.

Media Digest 7/31/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, T Boone Pickens is seeking an "army" of business leaders and citizens to back alternative energy.

Reuters reports that Starbucks (SBUX) posted if first loss as a public company but back its forecast for the next fiscal.

Media Digest 7/30/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, oil is nearing a 20% drop from its peak, moving into bear market range.

Reuters writes that HP (HPQ), Yahoo! (YHOO), and Intel (INTC) are looking at ways to make the internet into a utility for broad research projects.

Media Digest 7/29/2008 Reuters, WSJ, NYTimes, FT, Barron's

According to Reuters, Merrill Lynch (MER) said that it would sell $8.5 billion in stock and take large write-downs.

Reuters report that KKR says the market slump is a good time to go public.

Media Digest 7/28/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, KKR will go public on the NYSE at a valuation of $15 billion.

Reuters writes that the production problems with the Airbus 380 are not over.

The Wall Street Journal writes that the SEC will try to expand its rules limiting short selling and increase them to more stocks.

The Wall Street Journal reports that the FCC will rule against Comcast (CMCSA) for restricting video file sharing on its network.

The Wall Street Journal reports that Chrysler may face interest rates 2% higher than it is paying now to refinance $30 billion in working capital this week.

The Wall Street Journal reports that Motorola (MOT) is reorganizing one of its business units to make it easier to sell some of the pieces.

The Wall Street Journal reports that a new search engine, Cuil, has been started to compete with Google (GOOG).

The Wall Street Journal says the SEC is looking into four rumors that hit Lehman's (LEH) stock.

The New York Times writes that a small firm, Verve Wireless, is trying to help the newspaper industry by making papers mobile.

The FT says the ad slowdown is not spreading to most major media.

Bloomberg writes that Lehman (LEH) has been hit hard compared to other Wall St firms by the highest cost of borrowing since 2000.

Douglas A. McIntyre

Media Digest 7/25/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Microsoft (MSFT) backed its internet spending plan and said it was done with negotiations with Yahoo! (YHOO).

Reuters reports that the CFO of Wachovia (WB) is leaving.

Media Digest 7/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Amazon (AMZN) earnings beat Wall St. forecasts.

Reuters reports that Ford (F) wil keep its small pick-up plant open for two years.