Media

Media Digest 5/10/2010

Reuters:   The US exchanges will testify before Congress about the market plunge.

Reuters:   The NYSE and NASDAQ said that they would cooperate with investigations of the market meltdown.

Reuters:   S&P futures rose as central banks set up swap facilities.

Reuters:   Oil jumped above $77.

Reuters:   Simon Fuller’s music recommendations hit 150 million downloads on the Apple Inc. (NASDAQ: AAPL) iStore.

Reuters:   Sony Music may make a bid for EMI.

WSJ:   Transocean (NYSE: RIG) platforms have accounted for most of the oil spills since 2008.

WSJ:   The EU set a pact of almost $1 trillion dollars to halt the sovereign debt crisis in the region.

WSJ:   The debate on trading puts man against machines.

WSJ:   Senator Levin will propose legislation that would prevent banks from betting against their clients.

WSJ:   Chinese car companies are improving quality just as foreign car companies make more small cars.

WSJ:   Real estate prices will continue to fall.

WSJ:   Venezuela is still being hurt by currency problems.

WSJ:   “Iron Man 2”  box office sales hit $133 million.

WSJ:   The US car industry should have two years of good growth.

WSJ:   Thomson Reuters will add 2,000 video shows a week to its service.

WSJ:   Nike (NYSE: NKE) will use brands other than its “swoosh” overseas.

WSJ:   “The rise of social-gaming companies like Zynga is sending repercussions through the video game industry.”

WSJ:   Some car makers have links to Consumers Digest.

WSJ:   Companies should not use excess cash for stock buybacks.

WSJ:   Discoveries of shale gas will disrupt the LNG markets.

WSJ:   The Fed opened currency swaps with the ECB.

NYT:   The Fed appears to be gaining ground in the Senate to maintain its privacy.

NYT:   Banks are lobbying against a derivatives trading ban.

FT:   The ECB will intervene in the government bond market.

FT:   Playdom and Zynga are dominating the social game market.

FT:   The vote on US financial reform is still too close to call.

Bloomberg:   China’s trade surplus dropped on a surge in imports.

Bloomberg:   The BP spill is moving toward Texas.

Douglas A. McIntyre

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