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

The Average American Has No Idea How Much Money You Can Make Today ^(Sponsor)

The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.

But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

¹https://www.fdic.gov/national-rates-and-rate-caps