Media Digest 6/14/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Obama’s leadership will be tested this week by his reaction to BP plc (NYSE: BP) spill.

Reuters:   Jobs are critical to the housing recovery.

Reuters:   China’s AgBank will attempt a $23 billion IPO.Reuters:   A member of the EU council said a strong euro masked problems in the region.

Reuters:   Short covering lifted the euro and gold.

Reuters:   A member of the Fed said EU problems will not delay US central bank decisions.

Reuters:   AT&T (NYSE: T) will work with law enforcement on the iPad security problem.

Reuters:   The ITC will look at Apple’s potential infringement of HTC patents.

Reuters:   Google Inc. (NASDAQ: GOOG) is trying to build a trade violation case over its problems in China.

Reuters:   Petrobras of Brazil may seek a $23 billion stock sale.

WSJ:   The US will demand a BP damage fund.

WSJ:   Investigations about Intel’s (NASDAQ: INTC) relationship with Dell (NASDAQ: DELL) may show  how much the PC company’s finances were impacted.

WSJ:   AT&T blamedc its  iPad security problems on malicious hackers.

WSJ:   German and French banks have huge exposure to Greece, Spain, and Portugal.

WSJ:   Marketers are using location-based solutions to track smartphone users.

WSJ:   Asia exporters are hurt by Europe’s problems.

WSJ:   Workers at a  Honda Motor (NYSE: HMC) plant in China returned.

WSJ:   Spirit Air canceled flights due to a strike.

WSJ:   Investors are ignoring problems in the muni market.

WSJ:   Chevron (NYSE: CVX) said a stop to deepwater drilling was unnecessary.

WSJ:   Oil restrictions may hurt the prospects on long-term use of the Alaska pipeline.

WSJ:   France will cut $55 billion from its budget in the next three years.

WSJ:   Optimism over car sales is failing.

WSJ:   “Karate Kid” was tops at the box office.

WSJ:   The FDIC has come up with new ways to sell assets.

NYT:   The government will release new rules that discourage companies from cutting benefits.

NYT:   The FTC is trying to advise the faltering newspaper industry.

FT:   US banks are likely to lose a battle in Congress to preserve their swaps businesses.

FT:   Price  jumps are hurting coffee speculators.

FT:   The FDA wants a crackdown on genetic testing.

Bloomberg:   Europe’s banks are facing a funding squeeze.

Bloomberg:   BP may lose oil leases in the Gulf.

Bloomberg:   Bailouts of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) could hit $1 trillion.

Bloomberg:   Bokia oy (NYSE: NOK) is losing the app battle to Apple (NASDAQ: AAPL) and Google’s (NASDAQ: GOOG) Android.

Douglas A. McIntyre