Media Digest 7/21/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   BP plc (NYSE: BP) said as it prepares to sell some assets that its CEO is not leaving.

Reuters:   The Senate approved an extension of unemployment benefits.

Reuters:   Apple Inc. (NASDAQ: AAPL) beat Street estimates.

Reuters:   Microsoft Corporation (NASDAQ: MSFT) will sell the Kinect for $150.

Reuters:   Icahn renewed his battle for Lions Gate.WSJ:   The depression in the housing market continued.

WSJ:   Yahoo!’s (NASDAQ: YHOO) ad numbers were disappointing.

WSJ:   Countrywide gave over 100 “VIP” loans to Freddie Mac.

WSJ:   HAMP enrollees topped those who dropped out.

WSJ:   Walmart (NYSE: WMT) was sued for firing a worker with cancer who tested positive for medical marijuana.

WSJ:   Hedge fund Harbinger Capital will use Nokia (NYSE: NOK) to build its wireless network.

NYT:   The Greek rail system is deeply in debt.

NYT:   Economists are worried that all EU banks will pass the stress tests turning them into a joke.

NYT:   BP will sell $7 billion of assets to Apache (NYSE: APA).

Douglas A. McIntyre