Media
Media Digest 5/20/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
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Reuters: The Senate was not able to reach consensus on the financial reform bill.
Reuters: Heavy oil from the BP plc (NYSE: BP) rig came ashore in Louisiana.
Reuters: Trading systems broke down at several companies during the big sell-off.
Reuters: Asian stocks hit three-month lows on euro issues.
Reuters: Oil is trading above $70 on new of US inventories.Reuters: Up to 20 bidders are interested in Novell.
WSJ: BP and Shell still buy Iranian oil products.
WSJ: Money managers are becoming skeptical about the value of the euro.
WSJ: Google Inc (NASDAQ: GOOG) faces a probe in Europe over its collection of WiFi data.
WSJ: Exports helped the Japanese economy.
WSJ: Dubai World reached a deal with it creditors.
WSJ: US inflation hit a 44-year low.
WSJ: Most Fed governors favor not selling assets.
WSJ: CBS Inc. (NYSE: CBS) will go after NBC’s program dominance on Thursday nights.
WSJ: The Apple Inc. (NASDAQ: AAPL) iPhone has not sold well in China and the cause may be partner China Unicom (NYSE: CHU).
WSJ: Google plans a Chrome app store leveraging the growing presence of its browser.
WSJ: Congress questioned the use of dispersants in the oil spill.
WSJ: Novartis (NYSE: NVS) was hit with a $250 million fine for discriminating against women.
WSJ: High beef prices are forcing food chains to turn to chicken.
WSJ: Legislation for car safety may have to be changed because of the cost to auto companies.
WSJ: Banks are concerned about possible Senate legislation that would force them to hold more capital.
NYT: Hedge funds are paying whistleblowers who will not get fees from the IRS for years, making money on the transactions.
NYT: Some banks are being taken over by private investors, an aid to the FDIC.
NYT: AMR Inc. (NYSE: AMR) executives say the comm[any will not be forced into a merger.
NYT: The war between Dell (NASDAQ: DELL) and Hewlett-Packard (NYSE: HPQ) is picking up as PC sales improve.
FT: Google may release face-recognition technology.
FT: Dubai World agreed to a $23.5 billion deal on outstanding debt.
FT: Europeans are trying to restore unity after fighting over ways to defend the euro.
FT: Sovereign wealth funds are focusing on oil shale.
FT: US state face a $1 trillion pension gap and US pensions a $2 trillion one.
Bloomberg: Japan’s economy grew less than expected.
Bloomberg: The euro’s fair value may be $1.10.
Bloomberg: The German short selling ban has no allies in the Eurozone.
Douglas A. McIntyre
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