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

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