Media Digest 7/26/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Media

Published: July 26, 2010 3:59 am

Last Updated: July 26, 2010 5:56 am

MarketWatch: A number of economists now expect Q2 GDP to be below 2%.

Reuters: BP plc’s (NYSE: BP) CEO Tony Hayward is expected to resign.

Reuters: Hayward will leave with $10 million.

Reuters: Europe’s economic prospects are improving as those in the US drop.

Reuters: Google’s (NASDAQ: GOOG) market share in China is down amid gains by rival Baidu (NASDAQ: BIDU).Reuters: Russia plans a $29 billion asset sale.

WSJ: Madoff investors who made money on their capital will be sued by those who lost.

WSJ: Companies which say they are expanding have been sold off by investors.

WSJ: Europe’s banks must raise money now that stress test are over.

WSJ: Google and Microsoft Corporation (NASDAQ: MSFT) have begun to sell cloud-based email to the government.

WSJ: Genzyme may have several bidders.

WSJ: Korean consumers are upset about delays in availability of the Apple (NASDAQ: AAPL) iPhone 4.

WSJ: The United Arab Emirates say that the Research In Motion (NASDAQ: RIMM) BlackBerry is a research risk.

WSJ: Microsoft has reached a deal with ADM to build software using its chips.

WSJ: Website WikiLeaks released thousand of documents about the Afghanistan war.

WSJ: Deflation may be a threat to US economy but experts have little idea of the cause.

WSJ: Polo Ralph Lauren will take over its own distribution in South Korea.

WSJ: Major media companies may use the iPhone as the basis of a study about consumer media habits.

WSJ: Zero-coupon Treasuries have been an exceptional investment.

WSJ: The FDIC will sell $409 million in mortgage bonds collected from failed banks.

WSJ: HSBC (NYSE: HBS) and Total will partner to set up an energy trading operation.

NYT: Employers are keeping headcount down to keep margins up.

NYT: Biotech firms are exploring whether algae can be used widely as fuel.

FT: The FCIC may make a huge audit of Goldman Sachs Group (NYSE: GS) derivatives trading documents.

FT: Shale resources may help China with its energy demand.

FT: Private equity investment have underperformed.

Bloomberg: EU stress tests may have been an opportunity to strengthen backs, if done properly.

Bloomberg: Shipping prospects may improve as China needs more ore.

Bloomberg: The deficit is not hurting US fund-raising because yields are so low.

Douglas A. McIntyre

Are You Ahead, or Behind on Retirement? (sponsor)

If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: are you ahead, or behind on your retirement goals?

Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With SmartAsset’s free tool, you can connect with vetted financial advisors in minutes.

Why wait? Click here to get started today!