Media Digest 5/4/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The Senate will begin to vote on the financial reform bill.

Reuters:   Regulators are considering an antitrust case against Apple (NASDAQ: AAPL)

Reuters:   Tensions between Germany and France over the Greek bailout may hurt the Eurozone’s prospects.

Reuters:   S&P announced new credit score ratings for 26,000 companies

Reuters:   Oil dropped below $86 on high US stockpiles.

Reuters:   A new eruption of an Iceland volcano shut some airspace over the UK.

Reuters:   The Apple iPad reached one million unit sales.

Reuters:   The Connecticut attorney general is probing craigslist sex ads.

Reuters:   IBM (NYSE: IBM) bought cloud computing software firm Cast Iron.

Reuters:   China said it will block overseas influence on its internet.

WSJ:   The  Minerals Management Service, which regulates offshore drilling, was harshly criticized over the Gulf spill.

WSJ:   The Lehman administrator will resist claims from banks which total over$50 billion.

WSJ:   JC Penney (NYSE: JCP) is targeting mobile shoppers.

WSJ:   US car sales rose 20% in April.

WSJ:   Banks kept lending standards tight according to the Fed.

WSJ:   Steel makers are expanding capacity.

WSJ:   The Goldman Sachs Group (NYSE: GS) faces shareholder suits.

WSJ:   Google (NASDAQ:GOOG) invested in two wind farms.

WSJ:   Avis-Budget (NYSE: CAR) may fight Hertz (NYSE: HTZ) over a bid for Dollar.

WSJ:   Chip sales rose 4.6% in March.

WSJ:   Insiders at Dendreon sold shares after the FDA approval of a key drug.

WSJ:  The price of coal is rising quickly in China.

WSJ:   The dollar hit a high against the yen.

WSJ:   The Treasury will sell $48 billion in bills this week.

NYT:  It is too early to measure the impact of the Gulf spill.

NYT:   Spain is moving toward financial reforms.

NYT:   The Germany objection to the Greek bailout say a great deal about its aversion to debt.

NYT:   UBS (NYSE: UBS) posted a strong profit.

NYT:   GMAC posted its first profit since 2008.

FT:   The ECB suspended its requirement that Greece supply liquidity.

FT:   China manufacturing grow is slowing as Beijing increased requirements on banks to stop cheap money.

FT:   The cost to insure Goldman debt insurance rose.

Bloomberg:   The BP plc (NYSE: BP) spill is changing the Congressional debate about energy.

Bloomberg:   The Apple probe by the government may have come from a complaint by Adobe (NASDAQ: ADBE)

Bloomberg:   The 2010 hurricane season may be the worst in years.