Media Digest 1/23/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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According to Reuters, Samsung had its first ever quarterly loss.

Reuters reports that Pfizer (PFE) is in takeover talks with Wyeth (WYE), a deal that would be worth $60 billion.

Reuters reports that a good bank/bad bank system would lead to nationalization.

Reuters reports that the new Treasury Secretary designate believes that China has manipulated the Yuan.

Reuters writes that Google (GOOG) beat earnings estimates.

Reuters reports that Toyota (TM) is considering large layoffs.

Reuters writes that Thain was pushed out of Bank of America (BAC).

Reuters reports that Ichan called for corporate governance reform.

Reuters reports that the mobile phone market will shrink this year.

Reuters writes that Citi will lose some veteran board members.

The Wall Street Journal reports that the Fed will focus on rates and loans.

The Wall Street Journal reports that Microsoft (MSFT) will cut 5,000 jobs.

The Wall Street Journal writes that some banks are dying to fast for regulators to keep up.

The Wall Street Journal reports that a number of companies are lobbying for TARP funds.

The Wall Street Journal reports that the House approved billions of dollars to upgrade internet access.

The Wall Street Journal writes that troubles are mounting for Chrysler and Fiat.

The Wall Street Journal Nokia (NOK) posted poor sales on weak handset demand.

The Wall Street Journal reports that at Merrill the focus has turned back to survival.

The Wall Street Journal reports that Capitol One posted a loss and said it was in for worse.

The Wall Street Journal said home construction slowed at a record pace.

The Wall Street Journal writes that dilution is no solution for Barclay’s (BCS).

The Wall Street Journal reports that The New York Times (NYT) is near a deal to sell part of its building.

The Wall Street Journal reports that Lockheed was bullish on strong results.

The Wall Street Journal reports that Disney (DIS) will merge ABC and its studios.

The Wall Street Journal writes that Starbucks (SBUX) CEO will not take a bonus.

The Wall Street Journal reports that Verizon’s (VZ) new web phone will target home users.

The Wall Street Journal reports that the net fell at UnitedHealth (UNH).

The Wall Street Journal reports that Southwest (LUV) posted a loss.

The New York Times reports that China is spending billions of dollars on infrastructure in part to keep joblessness down.

The New York Times reports that smaller banks will start to merge with larger ones.

The FT reports that Google (GOOG) will rewrite the terms of its stock options.

The FT reports that the extent and timing of the US stimulus plan are being questioned.

Bloomerg reports that US companies are cutting dividend at the fastest rate in 50 years.

Douglas A. McIntyre