Media
Media Digest 7/20/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
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WSJ: Nokia (NYSE: NOK) will begin the search for a new CEO.
Reuters: BP plc (NYSE: BP) will continue its work on the leaking well and said seepage had nothing to do with its efforts.
Reuters: China approved Google’s (NASDAQ: GOOG) search engine tweaks.
Reuters: A deal between Intel Corporation (NASDAQ: INTC) and the FTC over antitrust issues will carry no fines.Reuters: Apple Inc. (NASDAQ: AAPL) expanded iPad sales to nine more countries.
Reuters: Amazon.com (NASDAQ: AMZN) says Kindle price cuts improved sales.
Reuters: Nokia Siemens bought Motorola’s (NYSE: MOT) telecom equipment operation for $1.2 billion.
WSJ: Large banks are pushing smaller ones out of the mortgage and individual deposit businesses.
WSJ: Toyota Motor (NYSE: TM) was subpoenaed by a grand jury over steering problems.
WSJ: International Business Machines (NYSE: IBM) reshuffled its top management team. setting the stage for the race to find a new CEO.
WSJ: China topped the US in energy use last year.
WSJ: Morgan Stanley (NYSE: MS) may cut back its huge property holdings.
WSJ: Spending has moved up for internet infrastructure.
WSJ: BP is considering more ways to permanently stop the leak of its well.
WSJ: Fashion magazine ad pages increased sharply.
WSJ: The US Senate is set to extend jobless benefits.
WSJ: The ECB cut government bond buying, a sign the EU financial problems may be improving.
WSJ: CEOs are ready to start spending again.
WSJ: One of the FDA panelists that supported GlaxoSmithKline’s (NYSE: GSK) Avandia gets fees from the company.
WSJ: Problems were found in a third Johnson & Johnson (NYSE: JNJ) plant that makes OTC drugs.
WSJ: Google Inc. (NASDAQ: GOOG) halted sales of its Nexus One.
NYT: Deals made at the Farnborough air show bode well for Boeing (NYSE: BA) and Airbus.
FT: Intel reached an antitrust deal with FTC.
FT: The Fed is considering looser money policy.
Bloomberg: Apple’s profits may have doubled.
Douglas A. McIntyre
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