Media Digest 7/1/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Investing

Douglas A. McIntyre

Published: July 1, 2010 4:04 am

Last Updated: July 1, 2010 5:55 am

Reuters: The House passed the financial reform bill leaving the Senate to act

Reuters: Work on the BP plc (NYSE: B) oil spill will be delayed because of Hurricane Alex.

Reuters: China’s economic growth slowed.

Reuters: Oil prices fell for the fourth day.

Reuters: The euro hit record lows against the Swiss franc.Reuters: Microsoft Corporation killed its Kin phone.

Reuters: Amazon.com (NASDAQ: AMZN) launched a less expensive Kindle.

Reuters: Google Inc.’s (NASDAQ :GOOG) operating license in China is under review.

Reuters: Amazon will buy online store Woot.

WSJ: China’s banks are trying to find a source of earnings beyond lending in the People’s Republic.

WSJ: GlaxoSmithKline (NYSE: GSK) has set up a number of small biotech units.

WSJ: Democrats on a panel set up by Obama said spending cuts would have to outweigh taxes to drop the deficit.

WSJ: Toyota (NYSE: TM) found engine problems in 270,000 cars

WSJ: Wellpoint cut back rate increases.

WSJ: Federal authorities began a crackdown on film piracy.

WSJ: Robert Benmosche, CEO of American International Group, threatened to resign again.

WSJ: Yahoo! Inc. (NASDAQ:YHOO) said it would buy back $3 billion in shares.

WSJ: Moody’s may downgrade Spain’s Aaa rating.

WSJ: The financial reform bill would cut FDIC charges for some small banks.

WSJ: JAL will ask for more funds to operate in bankruptcy.

WSJ: GM is expanding the launch of its Chevrolet Volt battery-powered car.

WSJ: The WTO condemned subsidies offered to Airbus by European nations.

WSJ: Warner Music (NYSE: WMG) and MTV will team up to market songs.

WSJ: The SEC said that pension funds may not seek political contributions from politicians that oversee them

NYT: Documents show Goldman Sachs Group put pressure on American International Group to make insurance payments.

NYT: The TARP could be phased out early.

NYT: During Q2 the DJIA was down 10% and the S&P 500 by 12%.

FT: Manufacturing growth slowed in Asia.

FT: The EU agreed to harsh guidelines for banker bonuses.

FT: BP plc is trying to raise more money.

Bloomberg: Boeing (NSYE: BA) may get a lift for its Air Force tanker bid from the WTO censure of Airbus.

Bloomberg: Apple Inc. (NASDAQ: AAPL) was sued by consumers over iPhone reception charges.

Bloomberg: Google’s Chinese plans may push more advertisers to Baidu (NASDAQ: BIDU)

Douglas A. McIntyre

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