Media Digest 1/15/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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According to Reuters, Steve Jobs will take a medical leave from Apple (AAPL) until June 30.

Reuters reports that Bank of America (BAC) is in discussions with the government to get billions of extra dollars.

Reuters reports that Western banks may regret rushing out of China.

Reuters reports that Eli Lilly (LLY) is near a $1.4 billion settlement with the government over improper use of one of its drugs.

Reuters writes that Microsoft (MSFT) is considering job cuts.

Reuters reports that Dell (DELL) may cut 2,000 more people through early retirement.

Reuters reports that Circuit City is still in talks over a potential sale.

The Wall Street Journal reports that IBM (IBM) is planning to build a new facility in Iowa.

The Wall Street Journal reports that Goldman Sachs (GS) has found a way to get cash to its employees.

The Wall Street Journal reports that Smurfit may go into Chapter 11.

The Wall Street Journal reports that there has been loan growth in China.

The Wall Street Journal reports that foreclosure filings were up 81% last year.

The Wall Street Journal reports that the size of the stimulus package is approaching $850 billion.

The Wall Street Journal reports that actions by OPEC are keeping the price of oil from falling.

The Wall Street Journal writes that magazine ads evaporated in 2008.

The Wall Street Journal writes that newspapers are moving to outsource coverage.

The Wall Street Journal reports that Motorola (MOT) will cut 4,000 jobs.

The Wall Street Journal reports that Nortel filed for bankruptcy.

The Wall Street Journal reports that retail sales fell 2.7% in December.

The Wall Street Journal reports that investors hope that JP Morgan (JPM) can change the course of negative bank earnings.

The Wall Street Journal reports that Deutsche Bank (DB) reported a huge loss.

The Wall Street Journal reports that Citi has moved up its earnings release date.

The Wall Street Journal reports that the new CEO of Yahoo! (YHOO) faces some hurdles in doing a deal for its search business with Microsoft (MSFT).

The Wall Street Journal reports that Seagate said it will cut salaries.

The Wall Street Journal reports that Chrysler said it will not sell any of its core units.

The Wall Street Journal reports that Tiffany’s (TIF) cut its outlook.

The Wall Street Journal writes that Gannett (GCI) workers have been asked to take an unpaid week off.

The New York Times reports that Venezuela is opening oil bids to the West as its income falls.

The New York Times reports that Citigroup (C) may have trouble finding buyer of the units it does not want to keep.

The New York Times writes that Obama has asked the GOP to release TARP funds.

The FT reports that the CEO of JP Morgan (JPM) says 2009 will be bleak.

The FT writes that $150 billion was taken out of hedge funds in December.

Bloomberg reports that Steve Jobs may face surgery to remove his pancreas

Douglas A. McIntyre