Media Digest 7/20/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

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