Media Digest 7/12/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Profit surprises are likely for companies linked to the oil spill.

Reuters:   Lawsuits against Apple Inc. (NASDAQ: AAPL) and AT&T (NYSE: T) over service were certified as class actions.

Reuters:   BP says it is making progress re-capping its well.

Reuters:   Some analysts believe Europe’s finances are improving.

Reuters:   The Fed has begun to worry about how badly the recession has hit states.Reuters:   The Administration said it would make major changes at Fannie Mae and Freddie Mac.

WSJ:   Small investors are leaving the stock market.

WSJ:   A new survey shows that money managers worldwide are concerned about stock prices.

WSJ:   A shortage of 4G parts has hurt the Sprint-Nextel (NYSE: S) initiative.

WSJ:   Turner has taken over the online operations of Sports Illustrated to better compete against ESPN.

WSJ:   Microsoft Corporation (NASDAQ: MSFT) and Fujitsu will join forces to increase their cloud computing capacity.

WSJ:   Toyota Motor (NYSE: TM) is looking for alternative energy partners.

WSJ:   Corporates executives are fighting to keep austerity price cuts in place.

NYT:   Investors expect good quarterly profits and forecasts that will tell them about the recovery.

FT:   Barry Diller called Google Inc.’s (NASDAQ: GOOG) move into online travel worrisome.

FT:   US small businesses are paying their highest interest rates for loans in 25 years.

FT:   PetroChina (NYSE: PTR) says its open to closer ties with BP.

Bloomberg:   The EU is under pressure to disclose more about bank stress tests.

Bloomberg:   Toyota and Tesla (NASDAQ: TSLA) may be preparing new versions of the RAV 4.

Bloomberg:   A member of Obama’s debt reduction committee said states could not count on a federal bailout.

Douglas A. McIntyre