Media Digest 7.27.2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   UBS (NYSE: UBS) and Deutsche Bank (NYSE: DB) posted good earnings.

Reuters:   The EU opened antitrust investigations into IBM (NYSE: IBM)

Reuters:   Ask.com, owned by IACI (NASDAQ: IACI), will use humans to screen results.

Reuters:   Yahoo! Japan will use the Google Inc (NASDAQ: GOOG) search engine.

Reuters:   Google In.c has launched a government version of its softwareReuters:   Genzyme may take a bid to buy the company from Sanofi Aventis.

WSJ:   Larry Ellison of Oracle (NASDAQ: ORCL) was the highest paid CEO of the last decade earning more than $1.84 billion.

WSJ:   Congress and others are battling over whether the Obama stimulus package helped the economy or hurt it.

WSJ:   The supply of existing homes is probably still growing.

WSJ:   The IMF said the yuan is undervalued.

WSJ:   China is having trouble selling products outside the country using its own brands.

WSJ:   SAP (NYSE: SAP) raised its sales outlook.

WSJ:   FedEx (NYSE: FDX) raised its earnings outlook.

WSJ:   The National Conference of State Legislatures says state tax collections should rise.

WSJ:   The US Chamber of Commerce says China is causing trade tensions.

WSJ:   Carl Icahn sued Lions Gate as part of his takeover bid.

WSJ:   A federal court approved “jail breaking” of Apple Inc. (NASDAQ: AAPL) iPhone software to download non-approved applications.

WSJ:   Most EU nations, excluding Germany, have agreed on new rules to keep banks from taking too much risk.

WSJ:   Wall St firms are paying settlements on their sales of muni bonds as safe investments.

WSJ:   Lenders to corporations during the credit crisis did better than those in past recessions.

WSJ:   Short selling fell on the NYSE.

NYT:   Low orders by retailers are moving up shipping costs.

NYT:   Nike (NYSE: NKE) will support workers in impoverished Honduras.

NYT:   New rules in Europe would cause banks to keep higher capital reserves.

NYT:   Walt Disney (NYSE: DIS) will kill a deal for Miramax if buyers do not come up with a $40 million down payment.

FT:   US states face large deficits as the federal government takes away support.

FT:   China banks may face huge losses on loans to states in the country.

Douglas A. McIntyre