Media Digest (6/16/2010) Reuters, WSJ, NYTimes, FT, Bloomberg

Media

Published: June 16, 2010 3:58 am

Last Updated: June 16, 2010 5:19 am

Reuters: Credit rating agencies will not be heavily regulated under the new financial reform bill.

Reuters: AT&T (NYSE: T) had privacy problems with its iPhone 4 order system.

Reuters: The EU, IMF, and US have considered a $250 billion rescue package for Spain

Reuters: Bank of America Corporation (NYSE: BAC) will limit the length of its trades with BP plc (NYSE: BP).

Reuters: Sony Corporation (NYSE: SNE), Microsoft Corporation (NASDAQ: MSFT) and Nintendo will start a new video game battle.

Reuters: T-Mobile will offer a mobile data upgrade.

Reuters: Nintendo will launch a 3D mobile device.

Reuters: CBOE shares rose after its IPO.

Reuters: News Corp (NASDAQ: NWSA) is working to buy BSkyB.

WSJ: PricewaterhouseCoopers will try to work out a program to return $22 billion in assets to unsecured creditors.

WSJ: Boeing (NYSE: BA) is increasing 737 output.

WSJ: The Swiss government backed a plan to turn over names of UBS (NYSE: UBS) account holders to the US.

WSJ: AT&T is rethinking its U-verse spending plans after negative SEC comments.

WSJ: Default rates among modified mortgages are more than 65%, according to Fitch.

NYT: Democrats trimmed the unemployment bill.

NYT: High cost from banks for the sale of Build America Bonds have hurt their sales.

NYT: India’s overuse of rail lines is hurting growth.

NYT: Errors caused problems of initial Apple Inc. (NASDAQ: AAPL) iPhone sales

NYT: Spain’s cost of debt rose sharply.

NYT: S&P warned of rising defaults.

FT: Subprime customers of Goldman Sachs Group (NYSE: GS) criticized the firm.

FT: Walmart (NYSE: WMT) is extending its banking businesses.

FT: Spain’s banks are in increasing trouble.

FT: China is attempting to cut worker unrest.

Bloomberg: Microsoft’s slowness in creating tablet software leaves Hewlett-Packard Corporation (NYSE: HPQ) and Dell Computer (NYSE: DELL) to look for alternatives.

Bloomberg: Lawsuits against BP have spread beyond Gulf states.

Bloomberg: Google Inc. (NASDAQ: GOOG) Wifi data leads are being looked into by 30 states.

Bloomberg: S&P says a debt wave make cripple high-yield borrowers.

Bloomberg: The Fed may trim growth outlook because of Europe.

Bloomberg: A deal on BP escrow has bogged down over its size and management.

Bloomberg: Sony and Nintendo are betting on 3D games.

Douglas A. McIntyre

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