Media Digest 7/14/2020 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The financial reform bill should pass within days.

Reuters:   Intel (NYSE: INTC) posted stronger than expected earnings.

Reuters:   Toyota Motor (NYSE: TM) blamed driver error for some problems with recalled cars.

Reuters:   GlaxoSmithKline (NYSE: GSK) will settle claims over Avandia effects for $400 million  just as the FDA votes about whether to withdraw the drug.Reuters:   Apple Inc’s (NASDAQ: AAPL) stock dropped over concerns about the iPhone 4.

Reuters:   Ebay (NASDAQ: EBAY) was served with a patent suit from its PayPal unit.

Reuters:   Nokia (NYSE: NOK) may buy Motorola’s (NYSE: MOT) telecom equipment unit.

WSJ:   The Federal Reserve sees slower growth.

WSJ:   Major business groups plan to confront Obama over tax plans and other programs that could hurt margins.

WSJ:   An appellate could struck down a FCC obscenity rulings.

WSJ:   BP plc (NYSE: BP) may be reaching a point where the oil leak is contained and it can concentrate on clean-up

WSJ:   The US trade GAP widened.

WSJ:   FedEx (NYSE: FDX) is counting on Boeing (NYSE: BA) 777s to improve its efficiency.

WSJ:   The Congressional Oversight Panel said smaller banks may be unable to boost lending because they are trapped by TARP loans.

WSJ:   A panel investigating the BP spill questioned the Administration’s moratorium on drilling.

WSJ:   A Fed study showed that investors are taking on more risk.

WSJ:   More CEOs are unemployed.

WSJ:   BMW raised its sales outlook.

WSJ:   Northrup Grumman (NYSE: NOC) may sell its naval business.

WSJ:   Time Warner Cable (NYSE: TWC) plans to attack Verizon (NYSE: VZ) FiOS

WSJ:   A federal squeeze on tech spending is hurting companies such as IBM (NYSE: IBM) and Accenture (NYSE:ACN).

WSJ:   The head of HSBC (NYSE: HBC) says the financial crisis is not over yet.

WSJ:   PIMCO is cutting its exposure in Europe.

WSJ:   Citigroup (NYSE: C) will sell its private equity assets.

WSJ:   Goldman Sachs Group (NYSE: GS) and Morgan Stanley (NYSE: MS) may have weak quarters.

FT:   Senators questioned BP’s links to Libya.

FT:   China imports increased the US trade gap.

FT:   The CEO of GE (NYSE: GE) backtracked on comments critical of China.

FT:   The Eurozone crisis fund expects high rating from the ratings agencies.

FT:   Illinois will try to raise $900 million.

Bloomberg:   Germany may benefit from bailing out weak neighbors.

Bloomberg:   BP plc will delay testing is well solution until the US approves it.

Bloomberg:   Goldman Sachs showed the SEC that it gets good returns for IPO clients.

Bloomberg:   Seventy percent of Americans think the country is still in a recession. Many believe that the nation is in a fight over increasing employment and decreasing the budget deficit.

Bloomberg:   The Chamber of Commerce asked Obama to make tax cuts.

Douglas A. McIntyre