Media Digest 5/26/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Media

Published: May 26, 2010 3:50 am

Last Updated: May 26, 2010 5:24 am

Reuters: BP plc (NYSE: BP) had warning signs of pressure on its Deepwater Horizon rig.

Reuters: Geithner went to Europe to press for more reform.

Reuters: The Qatar sovereign wealth fund wants to buy shares in Citigroup, Inc (NYSE: C).

Reuters: Oil rose on indications that US supply will tighten.

Reuters: Dell Computer’s (NASDAQ: DELL) tablet PC has launched.Reuters: The government is looking into Apple Inc.’s (NASDAQ: AAPL) tactics in selling music.

Reuters: Blockbuster’s (NYSE: BBI) talks with creditors are in trouble.

WSJ: Bank of America (NYSE: BAC), Citigroup, and Deutsche Bank (NYSE: DB) have cut liabilities temporarily just before reporting earnings.

WSJ: The Fed is fighting more scrutiny, which is a part of financial legislation.

WSJ: Very few lenders will risk putting money into European banks.

WSJ: Hewlett-Packard (NYSE: HPQ) topped International Business Machines (NYSE: IBM) in server sales.

WSJ: Amazon.com (NYSE: AMZN) said its Kindle will continue to focus on being only an e-reader.

WSJ: Video game consoles are threatening pay TV.

WSJ: Medtronic (NYSE: MDT) says its stents perform as well as those sold by Abbott Labs (NYSE: ABT).

WSJ: China’s economic power allows it to buy oil more cheaply than nations in the West.

WSJ: Standard & Poor’s will not set new ratings for US banks until financial reform legislation is set.

NYT: Problems with the European economy may hurt the US economy.

NYT: Nissan says its electric car is sold out for the year.

FT: BP’s chairman has begun to take on US critics.

FT: Asian investors are stepping away from euro bonds.

FT: The cost of swapping euros for dollars rose.

FT: Obama pushed his small business aid plan.

Bloomberg: Italy adopted $30 billion in budget cuts.

Bloomberg: Obama will revamp drilling rules.

Douglas A. McIntyre

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