Media Digest 6/15/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Credit agencies may not be badly damaged in the financial reform bill.

Reuters:   Moody’s (NYSE: MCO) cut Greece’s rating to junk.

Reuters:   The euro dropped on profit taking.

Reuters:   Oil moved above $75.Reuters:  The Microsoft (NASDAQ: MSFT) Kinect video game platform will launch on November 4.

Reuters:   Sprint (NYSE: S) will limit data roaming on laptops.

Reuters:   News Corp (NYSE: NWS) will buy Hearst’s e-reader business.

WSJ:   The Federal Reserve is looking at alternatives if growth slows.

WSJ:   Documents show that BP rig workers focused on costs.

WSJ:   Research In Motion (NASDAQ: RIMM) is testing a tablet and new BlackBerry.

WSJ:   News Corp will offer $11.5 billion for the part of BSkyB that it does not own.

WSJ:   Procter & Gamble (NYSE: PG) is increasing marketing spending for a type of Pampers which many says cause rashes.

WSJ:   Bank of Japan is making $32 billion in low-cost funds available to banks.

WSJ:   Walgreen will honor its deal with CVS.

WSJ:   The UAW has a $45 billion fund to invest.

WSJ:   Ralph Lauren will sell shares in his company.

WSJ:   Spain’s banks face a credit crunch.

WSJ:   Facebook’s online currency is making some users upset.

WSJ:   European problems are hurting Asian exporters.

WSJ:   The Volcker rule is likely to be in the financial reform bill.

NYT:   Starbucks (NASDAQ: SBUX) will offer free WiFi.

NYT:   Smaller nations in Europe want Germany to increase imports.

NYT:   Most of Goldman Sachs Group’s (NYSE: GS) large customers are not leaving.

NYT:   A Fed research paper shows rates could stay low until 2012.

NYT:   An ESPN channel will stream through the Xbox.

NYT:   Honda Motor (NYSE: HMC) faces a new strike in China.

FT:   The US will try to get a $20 billion bailout fund.

FT:   China will begin to invest in projects in Greece.

FT:   Spanish companies and banks are having trouble raising money.

Bloomberg:   Exxon Mobil (NYSE: XOM) is distancing itself from BP plc.

Bloomberg:   Congress is still struggling with the choice of improving employment or cutting the deficit.

Bloomberg:   China’s banks are concerned about a real estate bubble.

Bloomberg:   Global music sales should improve in 2013 as digital sales pass CDs according to a PricewaterhouseCoopers report.

Douglas A. McIntyre

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