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

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