Media Digest 4/11/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The Fed once again pledged low interest rates.

Reuters:   If the yuan rises, the euro may be badly hurt.

Reuters:   Soda companies are hurt by the economy according to AlixPartners.

Reuters:   March retail sales rose by record amounts.

Reuters:   United (UAUA) pilots attacked a potential US Airways (LCC) merger.

Reuters:   Apple (AAPL) introduced its iAd platform and said iPad sales were good.

WSJ:   The Fed says that big banks covered up their risk levels over the last five quarters by moving debt off their balance sheet temporarily.

WSJ:   Massey (MEE) is being accused of putting profits before safety.

WSJ:   Wal-Mart (WMT) is aggressively cutting prices to get back consumers.

WSJ:   Private banks in Greece are being badly hurt by the nation’s debt crisis.

WSJ:   Apple’s new ad system has increased its competition with Google (GOOG).

WSJ:   Charles Price and Robert Rubin took a beating by a committee looking into the credit crisis.

WSJ:   Unions could scuttle the US Airways (LCC) merger with United (UAUA).

WSJ:   Bain and KKR are preparing IPOs for Toys ‘R’ Us, HCA and NXP.

WSJ:   Talks with China have caused US official to hope that the People’s Republic will let the yuan float by some amount.

WSJ:   Los Angeles faces insolvency.

WSJ:   Wynn (WYNN) killed plans to develop a casino in Philadelphia.

WSJ:   The FCC will continue with its broadband plan despite a court setback

WSJ:   Nokia (NOK) will offer customers in China free music.

WSJ:   RealtyTrac says there will be more foreclosures on homes with mortgages over $5 million.

WSJ:   The federal government will be forced to provide fewer services in the future.

WSJ:   States are skipping payments into pension plans.

WSJ:   S&P downgraded the Dubai port operator.

WSJ:   Audi says its sales jumped in March, particularly in China.

NYT:   Concerns about a Greek bankruptcy rose.

NYT:   MasterCard (MC) will set up its own online shopping mall which will give behavior feedback to retailers.

FT:   News Corp (NWS) offers large discounts to advertisers who run in the WSJ and NY Post as a way to compete against The New York Times (NYT)

FT:   Triple digit oil prices could cut down the recovery. Goldman Sachs (GS) and Morgan Stanley (MS) say oil will hit $100 or more next year.

Bloomberg:   Junk bonds captured a record part of bond sales as yields fell.

Douglas A. McIntyre