Media Digest (7/6/2010) Reuters, WSJ, NYTimes, FT, Bloomberg

Media

Published: July 6, 2010 4:07 am

Last Updated: July 6, 2010 5:17 am

MarketWatch: Goldman Sachs Group (NYSE: GS) was upped to overweight at JPM.

Reuters: Large shareholders of BP plc (NYSE: BP) were against the oil company raising a large sum of capital by issuing new shares.

Reuters: Oil from the spill leaked into Lake Pontchartrain.

Reuters: The EU said it would share bank data with the US to detect terrorism.

Reuters: Crude continued a four-week drop.Reuters: Fujitsu is letting software developers run some of its products free for testing purposes.

Reuters: Microsoft’s (NASDAQ: MSFT) Bing and Google Inc.’s (NASDAQ: GOOG) search products will allow for music downloads with Google’s set up to work with Android.

WSJ: Agricultural Bank of China’s IPO will gauge global demand for large Chinese companies.

WSJ: Many major stock markets are below 2007 highs.

WSJ: Vacant offices rose in Q2.

WSJ: Brian T. Moynihan’s choice as CEO of Bank of America (NYSE: BAC) was nearly blocked by one board member.

WSJ: Toyota Motor (NYSE: TM) is changing how its tests its cars.

WSJ: News Corp.’s (NYSE: NWS) MySpace is allowing search engines including Yahoo! (NASDAQ: YHOO), Bing, And Google Inc. to bid to sell ads on the service. The amount MySpace gets from the deal will be less that its last deal with Google.

WSJ: Eli Lilly & Co (NYSE: LLY) will lose patents on eight drugs this year.

WSJ: Dell Inc. (NASDAQ: DELL) is working to create a large business to serve the health care industry.

WSJ: China attacked a US plan to prevent one of its steel companies from investing in US counterparts.

WSJ: SK Telecom may offer the Apple Inc. (NASDAQ: AAPL) iPhone and iPad.

WSJ: Libya suggested it should by a stake in BP.

WSJ: Europe’s leaders are losing popularity because of new austerity plans.

WSJ: Growth in China’s car market slowed.

WSJ: CEOs at companies with stock price increases are hanging on to their jobs.

WSJ: China’s companies are increasing the rate at which they buy companies in Japan.

WSJ: IPOs which are also for sale to private investors get higher prices at market.

WSJ: The improvement in credit card delinquencies is because the long-term unemployed are no longer in the system

NYT: Rising labor costs cut hurt margins on the iPhone and other electronics.

FT: China may begin to invest in US banks.

FT: BP ruled out issuing new shares.

FT: The global car sector’s recovery is over for now.

FT: Investors are worried about regional defaults in the US.

Bloomberg: The head economist at TD Bank says the European financial situation will worsen

Bloomberg: Global nations are reducing deficits by the most since 1970 which will hurt GDP growth.

Bloomberg: Apple may use app downloads to sell ads.

Bloomberg: GM sales in Latin America could grow 68% by 2014.

Douglas A. McIntyre

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