Media Digest 1/14/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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According to Reuters, Citigroup (C) has begun the process of breaking itself into pieces.

Reuters reports that Chrysler is in deal talks about selling assets to Renault or Magna.

Reuters reports the Obama is struggling to get the rest of the TARP funds.

Reuters writes that Yahoo!’s (YHOO) new CEO lacks Internet and deal-making experience.

Reuters reports that General Growth (GGP) has requested further loan extensions.

Reuters reports that Google (GOOG) is signing up resellers to market its web based application.

Reuters reports that the Detroit rebound is stuck in low gear.

Reuters reports that Oracle (ORCL) cut several hundred jobs.

Reuters reports that China passed Germany to become the world’s third largest economy.

The Wall Street Journal reports that Congress is trying to get $150 billion to aid states and cities.

The Wall Street Journal reports that global trade posted a sharp decline.

The Wall Street Journal reports that China revised its 2007 GDP growth to 13%.

The Wall Street Journal reports that Walgreen will broaden its health care reach.

The Wall Street Journal reports that market professional still believe there are blue chip stocks.

The Wall Street Journal reports that the government suspended "WellPoint from adding people to its Medicare programs until the company remedies certain compliance problems."

The Wall Street Journal writes that Liz Claiborne warned of a loss.

The Wall Street Journal reports that Hewlett-Packard (HPQ) and IBM (IBM) are taking different paths on IT with IBM posting many more patents.

The Wall Street Journal reports that China is still purchasing US debt.

The New York Times reports that banks will need more bailout money.

The Wall Street Journal reports that GE’s (GE) stock was hit by concerns about earnings.

The Wall Street Journal reports that Barclays (BCS) may cut of 2,000 jobs.

The Wall Street Journal reports that the value of state pension funds is dropping sharply.

The Wall Street Journal reports that hybrid cars are getting competition from better gas engines.

The Wall Street Journal reports the Pfizer (PFE) plans layoffs in research.

The Wall Street Journal reports that Infosys posted a 35% increase in earnings but cut forecasts.

The Wall Street Journal reports that Blockbuster (BBY) is offering video over the internet.

The Wall Street Journal reports the Coca-Cola (KO) will start a campaign about "happiness".

The New York Times reports that some states will raise their gasoline taxes to help with deficits.

The New York Times reports that a sharp drop in oil imports helped the US trade deficit.

The FT reports that Bernanke wants the bad assets of banks to be taken off their balance sheets.

Bloomberg reports that crude oil prices are up on OPEC talk about cutting supplies.

Douglas A. McIntyre