Media Digest 5/14/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Media

Douglas A. McIntyre

Published: May 14, 2010 3:47 am

Last Updated: May 14, 2010 5:16 am

Reuters: The Senate backed restrictions on credit rating agencies and credit card fees.

Reuters: Oil dropped to a three-month low based on demand.

Reuters: Facebook will hold a staff meeting on privacy.

Reuters: Video game sales plunged in April.

WSJ: The Goldman Sachs Group (NYSE: GS) is trying to help a Chicago group that loans to the poor.

WSJ: The costs of the A380 hurt that financial results of EADS.

WSJ: Regulators are investigating whether banks bet that municipal bonds would fail.

WSJ: The CEO of BP plc (NYSE: BP) says his company could have done more to prevent a spill in the Gulf.

WSJ: Large sums of capital are being invested in China.

WSJ: Attorneys are fighting for the lead in the Toyota Motors (NYSE: TM) case.

WSJ: The yen’s strength is hurting exporters.

WSJ: Portugal will increase taxes and cut civil servant salaries.

WSJ: Mahindra & Mahindra of India will enter the US car market.

WSJ: Wireless rivals are increasing pre-paid services.

WSJ: Video game sales in April dropped more than any month since July.

WSJ: Nissan may press for expansion in China.

WSJ: Blockbuster Inc. (NYSE: BBI) posted weak earnings.

WSJ: A Chinese energy firm will begin explore oil sands in Canada.

WSJ: Rising inflation in Europe may hurt bailouts.

WSJ: Industrial stocks like GE (NYSE: GE) and Honeywell still face headwinds.

WSJ: E*Trade (NASDAQ: ETFC) shareholders approved a reverse split.

NYT: The Minerals Management Service allowed companies to drill in the Gulf without permits.

NYT: The size of the oil spill was underestimated.

NYT: Cellphones are now used more for data than for voice.

NYT: Oil laws will hurt Portugal’s efforts to balance it budget.

NYT: It looks more likely that banks will settle charges about improper conduct.

FT: Restrictions on hedge fund may cause tension between the US and EU.

FT: Worries about the bailout have hurt the euro.

FT: Adobe Inc. (NASDAQ: ADBE) is battling back against Apple Inc. (NASDAQ: AAPL) over Flash.

Bloomberg: Morgan Stanley (NYSE: MS) bet against CDOs that it invented.

Bloomberg: US firms have been able to dodge $60 billion in taxes by moving money overseas.

Bloomberg: Volcker says the debt crisis may cause Europe to “disintegrate”

Douglas A. McIntyre

Are You Ahead, or Behind on Retirement? (sponsor)

If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: are you ahead, or behind on your retirement goals?

Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With SmartAsset’s free tool, you can connect with vetted financial advisors in minutes.

Why wait? Click here to get started today!