Media Digest 1/26/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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According to Reuters, The National Association of Business Economics survey found that members believe that the economy has it its worst period in 27 years.

Reuters reports that Pfizer (PFE) is close to a deal to buy Wyeth (WYE).

Reuters writes that Bank of American (BAC) played a role in $4 billion of bonuses granted to Merrill Lynch employees.

Reuters reports that bankruptcy fears have hit auto parts suppliers.

Reuters reports that the Fed will focus on credit easing at its policy meeting.

Reuters says Toyota (TM) sees it global output down 20% this year.

Reuters reports that ING will take government guarantees and it CEO left.

Reuters writes the that UBS (UBS) US tax case has gotten wider.

Reuters reports that US bankers will avoid glitz of Davos.

The Wall Street Journal reports that lending at big US banks dropped in the fourth quarter.

The Wall Street Journal reports that businesses are pressuring the government for more tax credits and incentives.

The Wall Street Journal reports that Japan is caught in an export bubble pop.

The Wall Street Journal reports that the recession is hitting law firms.

The Wall Street Journal reports that January market woes may signal a bad year.

The Wall Street Journal reports that Walgreen picked an insider to be CEO.

The Wall Street Journal reports that the US hotel industry has hit a tailspin.

The Wall Street Journal writes that GE (GE) will shore up its financial unit.

The Wall Street Journal reports that Chrysler has asked dealers for concessions.

The Wall Street Journal reports that Yahoo!’s new CEO will lay out her plan during the firm’s earnings report this week.

The Wall Street Journal reports that investors are pouring money into gold.

The Wall Street Journal reports that a single-country default would not necessarily sink the Euro zone.

The New York Times reports that the new administration has to consider whether it wants to nationalize banking.

The New York Times reports that Pfizer has agreed to a $68 billion to buy Wyeth.

The New York Times reports that technology companies will get a piece of the stimulus package.

The New York Times reports that $200 computers are breaking the PC industry’s model.

The New York Times reports that OPEC members are actually cutting production by three million barrels a day.

The New York Times reports that Republicans are resisting the Obama stimulus package.

The FT reports that the car parts sector is looking for $10 billion in bailout money.

The FT reports that the credit crisis has raised liquidation chances for many firms.

The FT reports that the head of Yale’s endowment called for moderation of Wall St. compensation.

Bloomberg reports that Barclays (BCS) wrote down $11 billion but will not seek new capital.

Bloomberg reports that PFE, Bernanke faces a very unstable bond market as he looks at buying Treasuries.

Bloomberg reports that M&A write downs lead by Alcatel-Lucent (ALU) hit $214 billion in Europe.

Douglas A. McIntyre