Media Digest 5/28/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Media

Douglas A. McIntyre

Published: May 28, 2010 3:56 am

Last Updated: May 28, 2010 5:28 am

Reuters: Ford Motor (NYSE: F) may kill the Mercury brand.

Reuters: Apple Inc. (NASDAQ: AAPL) is finding a flood of Asian buyers for the iPad.

Reuters: Prudential plc is in talks with American International Group Inc (NYSE: AIG) to cut the price of AIA.

Reuters: The euro dropped again as short covering stopped.Reuters: Gold fell as investors moved to stocks.

Reuters: Nokia oy (NYSE: NOK) and Opera support Adobe Inc.’s (NASDAQ: ADBE) Flash format.

Reuters: Opera says it has 2.6 million downloads on iPhone.

Reuters: Wall St. is debating the eventual fate of Walt Disney Co.’s (NYSE: DIS) ABC unit.

WSJ: Royal Dutch Shell (NYSE: RDS) bought natural gas firm East Resources for $4.7 billion.

WSJ: Greece still may have to restructure its debt.

WSJ: The CEOs of Continental (NYSE: CAL) and UAL, Inc (NASDAQ: UAUA) are pushing the merger.

WSJ: The UAW wants new concessions from The Big Three.

WSJ: Google Inc.’s (NASDAQ: GOOG) Android, being put on many tablet PCs is a rival to the iPad.

WSJ: The BP spill is now bigger than the Exxon Valdez.

WSJ: The FDA may levy penalties on Johnson & Johnson Inc (NYSE: JNJ) for its handling of children’s drugs.

WSJ: Motorola Inc (NYSE: MOT) is raising its reliance on Verizon Wireless and Android.

WSJ: Pequot Capital paid $28 million in fines for insider trading.

WSJ: Large investment banks are competing for the business to take GM public.

WSJ: Time Warner,Inc. (NYSE: TWX) needs to be more aggressive with digital content.

NYT: Ford is will improve fuel mileage to improve Explorer sales.

NYT: A strike in China is forcing Honda Motor (NYSE: HMC) to close a plant.

NYT: Geithner says the global financial overhaul must vary by nation.

NYT: Spain narrowly approved austerity measures.

FT: Goldman Sachs Group (NYSE: GS) is trying to settle with the SEC on acceptance of a lesser offense.

FT: China’s national fund is concerned about shaky European finances.

FT: Congress dealt a setback to EADS plans to bid for an Air Force tanker project.

Bloomberg: Bond sales have dropped to their lowest level since 2000 as spreads have widened.

Douglas A. McIntyre

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