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