Media Digest 7/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The economic crisis will dominate the G8 summit.

Reuters:   A NY court ruled against AIG (AIG) in a battle with former CEO Greenberg.

Reuters:   Google (GOOG) will launch an operating system for low end PCs to compete with Microsoft (MSFT).

Reuters:   US apartment vacancies are near historic highs.

Reuters:   Amcor is close to buying Rio Tinto’s (RTP) non-US packaging assets.

Reuters:   Pickens is backing off his wind farm project.

Reuters:   The CFTC is considering trading curbs on some commodities.

Reuters:   A theft of trading code could cost Goldman Sachs (GS) millions of dollars.

Reuters:   US regulators may try to defend a new consumer protection agency.

Reuters:   The US is looking at a second stimulus package.

WSJ:   Oil speculators are under fire.

WSJ:   Alcoa (AA) is investing in new markets that should help it during a recovery.

WSJ:   Entrepreneurs won a tax case against the IRS.

WSJ:   Kodak’s (EK) CEO is betting big on printers.

WSJ:   A royalty plane was set for online radio.

WSJ:   The old Merrill Lynch investment bank is disappearing inside Bank of America (BAC).

WSJ:   Boeing (BA) will buy a plant that supplies key functions for its Dreamliner.

WSJ:   Sony (SNE) is moving into the netbook business.

WSJ:   Bull are turning into bears in Asia.

WSJ:   Vornado is making a big bet on distressed properties.

WSJ:   Large banks may still be too big to fail.

WSJ:   Consumer credit card delinquencies mean spending may do little to help the recovery.

WSJ:   Car dealers left after the industry downsizing are trying to get customers from closed dealers.

WSJ:   China is seeking GM technology with its Opel bid.

WSJ:   Arcelor, the world’s largest steel company, is ramping up production.

WSJ:   Amgen’s (AMG) new bone drug is promising.

WSJ:   Palm (PALM) signed up carriers in Europe.

NYT:   A major cyber attack targeted some large websites.

NYT:   The huge federal budget gap is becoming a big problem, but efforts to improve it are faltering.

NYT:   The smartphone is starting to replace the GPS.

NYT:   The NY Times (NYT) deadline for offers for The Boston Globe was pushed back.

FT:   Private equity firms are objecting to FDIC rules effecting the sale of banks.

For Apple (AAPL) news go to AppleFinancialNews.com.

Douglas A. McIntyre