Media Digest 6/1/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

MarketWatch:   BP plc (NYSE: BP) opened down 12% after top kill failed.

Reuters:   American International Group (NYSE: AIG) turned down a deal from Prudential plc to cut the price of AIA.

Reuters:   The ECB warned that banks would be hurt by the European crisis.

Reuters:   BP says the oil spill has so far cost it $900 million.Reuters:   Factory production growth slowed in China.

Reuters:   Apple Inc. (NASDAQ: AAPL) sold 2 million iPads.

Reuters:   iPads cost more in Europe and Asia than in the US.

Reuters:   Ausustek launched a tablet PC and app store.

WSJ:   BP asked regulators for several changes to the Deepwater Horizon before the blast.

WSJ:   China is using its commodities reserves, a reasons why prices have moderated along with imports.

WSJ:   Medtronic (NYSE: MDT) paid doctors almost $16 million in consulting fees in Q1.

WSJ:   The US wants the EU to disclose the results of bank stress tests.

WSJ:   China’s PMI shows the nation’s output is slowing.

WSJ:   Honda Motor (NYSE: HMC) offered Chinese workers higher wages.

WSJ:   Intel Corporation (NASDAQ: INTC) plans super computer chips.

WSJ:   Intel released a line of chips for tablets.

WSJ:   Steel production is up which may pressure prices.

WSJ:   Nichi-Ico and Sanofi-Aventis will team up to compete more effectively in the Japanese market.

WSJ:   Subaru will be more aggressive in China and Russia.

WSJ:   GE (NYSE: GE) is targeting health care in Japan as its population ages.

WSJ:   The ECB’s increase in liquidity is seen by Germany as a bailout for Europe’s banks.

NYT:   More people are stopping mortgage payments because evictions take so long.

NYT:   Air traffic is up, along with airfares.

NYT:   The job outlook for teenagers is getting worse.

NYT:   Borrowing costs could rise in Europe as banks compete with governments for capital, according to the ECB.

NYT:   India posted 8.6% GDP growth.

FT:   Google Inc (NASDAQ: GOOG) is phasing out the use of Microsoft (NASDAQ: MSFT) Windows.

FT:   China’s central bank issued a warning about its real estate bubble

FT:   US pension funds are investing more in commodities.

Bloomberg:   China’s stocks could stagnate for months as its economy slows.

Bloomberg:   Clouds of oil could create dead zones in the Gulf.

Douglas A. McIntyre