Media Digest (7/29/2010) Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The Fed Beige Book says some regions see economic slowing.

Reuters:   The China People’s Daily ran an editorial which encourages the US to take account of China’s rising power.

Reuters:   Amazon.com (NASDAQ: AMZN) launched a $130 Kindle.

Reuters:   Research In Motion (NASDAQ: RIMM) stock moved up as it readied a new device.Reuters:   California Pizza Kitchen (OTC: CPKI) got bids from PE firms.

Reuters:   Avis (NYSE: CAR) has topped Hertz (NYSE: HTZ) in a bid to buy Dollar Thrifty for $1.33 billion.

Reuters:   Sanofi-Aventis will make a formal bid for Genzyme

WSJ:   Americans are making fewer doctor visits.

WSJ:   Major US companies including Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOG) are lobbying EU nations to improve privacy rules so that they can offer remote computing.

WSJ:   Goldman Sachs Group (NYSE: GS) has banned swearing in e-mails.

WSJ:   Banks are being solicited by tech firms to help identify accounts that are overdrawn.

WSJ:   Sony (NYSE: SNE) made a profit in the last quarter.

WSJ:   Walmart (NYSE: WMT) faces a fashion crisis as it works to find its “style”

WSJ:   Japan has ordered Apple Inc. (NASDAQ: AAPL) to explain problems with the iPod

WSJ:   Layoffs in the construction industry continue to raise California unemployment.

WSJ:   China is faced with large industrial accidents which indicate poor safety control.

WSJ:   VCs with large numbers of investments have trouble sitting on the boards of their companies.

WSJ:   The cost of 3D software is dropping.

WSJ:   The Industrial & Commercial Bank of China plans a $6.6 billion rights offering.

WSJ:   McDonald’s (NYSE: MCD) will raise $750 million.

NYT:   Russia will sell stakes in state-owned companies to raise money for its treasury.

NYT:   Microlending is increasing as banks withdraw credit.

FT:   Research shows climate change is hard to refute.

FT:   Citigoup (NYSE: C) will launch a retail operation which targets the wealthy.

Bloomberg: BP plc may sell Venezuela assets in its Russian joint venture.

Douglas A. McIntyre