Media Digest 7/30/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Unemployment is causing further stress in the housing market.

Reuters:   The Microsoft (MSFT) deal with Yahoo! (YHOO) may have challenges with regulators.

Reuters:   Sony (SNE) lost money on weakness in its TV business.

Reuters:   The Senate is looking the roles at Goldman Sachs (GS) and Deutsche Bank (DB) may have played in last year’s meltdown in mortgage markets.

Reuters:   The Apple (AAPL) Mac may have a flaw that allows hackers to scramble data.

Reuters:   Royal Dutch Shell profits fell 70%.

Reuters:   Visa (V) earnings were strong.

Reuters:   China plans to use market tools to regulate credit.

Reuters:   BA is seeking to delay payments to Boeing (BA).

Reuters:   Cablevision (CVC) will spin off its Madison Square Garden assets.

WSJ:   Microsoft’s (MSFT) deal with Yahoo! (YHOO) may help Redmond turn the company around.

WSJ:   Support for the Obama health care plan is slipping.

WSJ:   The Fed Beige Book shows the recession easing.

WSJ:   Falling tax revenues are forcing states to make more cuts.

WSJ:   Spint’s (S) earnings show that its problems are continuing.

WSJ:   IBM (IBM) is looking to government sales for growth.

WSJ:   NYSE (NYX) is setting up a fast trading hub in New Jersey.

WSJ:   Shipping numbers out of China will show if its economy is in trouble.

WSJ:   A sales of Treasury debt met soft demand.

WSJ:   A squeeze on fees is hurting hedge funds.

WSJ:   GM has no interest in buying back Opel.

WSJ:   Porsche is close to selling to VW.

WSJ:   Chip makers see a steadier market.

NYT:   Mortgage companies collect lucrative fees on delinquent loans.

NYT:   A trustee sued Ruth Madoff for $44 million.

NYT:   Ford (F) is trying to improve its sales with the new Taurus.

NYT:   An efficiency drive could cut energy consumption by 23% by 2020.

NYT:   Airlines are interacting with passengers on social media sites.

FT:   The comptroller of the currency rejected the Obama plan to give states more power to regulate bank fair treatment of customers.

FT:   Fears of a Chinese market bubble are increasing due to huge amounts of money going into IPOs.

FT:   The ECB is seeing a turning point in lending conditions.

Bloomberg:   Obama sees an end to the recession soon.

Douglas A. McIntyre