Media Digest (6/30/2010) Reuters, WSJ, NYTimes, FT, Bloomberg

Media

Published: June 30, 2010 3:54 am

Last Updated: June 30, 2010 5:49 am

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Reuters: Democrats will make a final push for financial reform.

Reuters: Hurricane Alex is likely to affect clean-up efforts in the Gulf significantly.

Reuters: Oil will have its first quarterly drop in prices since 2008.

Reuters: Asian stocks will have their worst quarter since Lehman Bros. collapsed.

Reuters: Google (NASDAQ: GOOG) has set a timeframe to stop rerouting its China traffic to Hong Kong.Reuters: Hulu started a pay TV service.

Reuters: Tesla’s stock rose 40% after its IPO.

WSJ: BP plc (NYSE: BP) had two competing goals over the last several years–safety and profit.

WSJ: The No.2 executive at Goldman Sachs Group (NYSE: GS) will be questioned by Congress about what he knew of the firm’s derivatives program that caused losses at American Financial Group (NYSE: AIG).

WSJ: High-speed traders and mutual funds are in a fight for market supremacy which relies on technology and regulation.

WSJ: The EU has moved to calm fears about liquidity problems at major banks.

WSJ: Democrats dropped a bank tax in the financial reform package.

WSJ: Walmart (NYSE: WMT) changed top management at its US operations.

WSJ: Cisco (NASDAQ: CSCO) plans a tablet PC.

WSJ: The Amazon.com Inc. (NASDAQ: AMZN) website was hit by technical problems.

WSJ: GM argued its future is bright with new cars and improved sales outside the US.

NYT: Nations betting that the private sector will make up for government stimulus may be wrong.

NYT: Documents show that regulators left banks off the hook in the AIG bailout.

NYT: Circuit breakers stopped a drop in shares of Citigroup Inc. (NYSE: C)

NYT: Google, Inc (NASDAQ: GOOG) will help many small bookstores sell on the web.

NYT: Macy’s (NYSE: M) will sell a line of clothes designed by Madonna.

FT: Problems at banks could derail the global recovery.

FT: Worries about bank problems in Europe drove the euro to its lowest value against the yen in eight years.

FT: Anadarko approved well designs for many BP rigs.

FT: The debt crisis is hurting M&A activity.

FT: The US blocked Chinese fiber optics companies from doing business due to security concerns.

Bloomberg: Google’s fate in China will be determined by a renewal of its license to do business there.

Bloomberg: Verizon Wireless will start to sell the Apple Inc (NASDAQ: AAPL) iPhone in January, according to rumors.

Douglas A. McIntyre

The Average American Is Losing Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.