Media Digest 5/27/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Media

Published: May 27, 2010 3:49 am

Last Updated: May 27, 2010 5:26 am

Reuters: The US will suspend Arctic drilling.

Reuters: Lehman sued JPMorgan Chase (NYSE: JPM) for billions of dollars.

Reuters: The Fed’s Bullard said that promises of low rates for long periods have risks.

Reuters: Facebook improved its privacy controls.

Reuters: Apple Inc. (NASDAQ: AAPL) overtook Microsoft Corporation (NASDAQ: MSFT) as the largest tech company by market cap.Reuters: Penguin and Amazon.com (NASDAQ: AMZN) settled disagreements over book prices.

Reuters: Some Prudential plc investors will resist the AIA deal.

Reuters: Two people were charged with insider trading of shares in Walt Disney (NYSE: DIS).

WSJ: Bank of America (NYSE: BAC) and Citigroup Inc. (NYSE: C) used “repos” to hide debt.

WSJ: The Financial Accounting Standards Board may set new bank rules that would force them to raise book value.

WSJ: The derivatives rule may be dropped from the financial reform package.

WSJ: Warren Buffett of Berkshire Hathaway (NYSE: BRK.B) will testify before a panel looking at ratings practices at Moody’s (NYSE: MCO).

WSJ: Avis Budget (NYSE: CAR) and Hertz (NYSE: HTZ) have fought over a buyout of Dollar.

WSJ: Companies are facing shortages of machine tools.

WSJ: Johnson & Johnson Inc (NYSE: JNJ) has a pattern of poor quality in making children’s drugs.

WSJ: Jobless claims may be a critical part of the US economy getting better.

WSJ: An analyst said that use of circuit breakers will not prevent drops in stock prices.

NYT: The US sold 20% of its Citigroup shares.

FT: Obama warned of “risky” fossil fuels.

FT: Kraft (NYSE: KFT) was censured by UK officials over its Cadbury deal.

Bloomberg: GM will cover additional costs for reorganizing Opel.

Douglas A. McIntyre

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