Media Digest 8/12/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   India officials met over a decision about whether to ban certain services of the Research In Motion (NYSE: RIMM) BlackBerry.

Reuters:   GM put together a $5 billion bank facility and will probably file for an IPO late this week.

Reuters:   Cisco (NYSE: CSCO) said the economy was uncertain and missed revenue estimates.

Reuters:   The US bailouts helped foreign banks which should have gotten some money from their own governments, the Congressional Oversight Panel said.

Reuters:   Japan says the Apple Inc (NASDAQ: AAPL) has taken care of overheating iPod problems.

Reuters:   Research from the Pew Internet & American Life Project says many Americans do not care about a government program to create a faster internet.

Reuters:   IBM (NYSE: IBM) settled disagreements with Oracle (NASDAQ: ORCL) about executives hired by one firm from the other.

Reuters:   Germany will monitor the Google Inc. NASDAQ: GOOG) “Street View.”

Reuters:   American International Group (NYSE: AIG) has begun to talk to investors about an AIA IPO.

Reuters:   Fortress will buy most of AIG’s consumer finance unit.

Reuters:   Visteon is in talks to get financing to exit Chapter 11.

WSJ:   Barnes & Noble (NYSE: BKS) will settle a proxy fight with Ron Burkle.

WSJ:   Former employees of firms in Chapter 11 have begun to fight for benefits.

WSJ:   The National Association of Realtors said that a government buyer’s credit helped real estate prices in the second half

WSJ:   China orders banks which have repackaged loans to put them back on their balance sheets

WSJ:   A Wall Street Journal study showed that Americans are more pessimistic about the economy and Afghanistan.

WSJ:   Some municipalities are selling rights to their water supplies.

WSJ:   The BOE cuts its economic forecasts.

WSJ:   The trade gap caused lawmakers to criticize China.

WSJ:   The repairs to a Genzyme plant will take longer than expected.

WSJ:  AT&T (NYSE: T) said it sees good results from a Google Inc. (NASDAQ: GOOG) and Verizon (NYSE: VZ) plan for net neutrality.

WSJ:   Google will sell ads for DirecTV.

WSJ:   Investors are bailing out of the euro.

WSJ:   China Citic Bank will raise $3.8  billion.

WSJ:   A study shows that CEOs often try to put a good spin on bad results when quarterly numbers are issued, according to data from the Stanford Graduate School of Business and the Stanford Rock Center for Corporate Governance.

NYT: the American Bankers Association says lenders wrote off as uncollectible $11.1 billion in home equity loans and $19.9 billion in home equity lines of credit in 2009, more than they wrote off on primary mortgages.

NYT:   The US will give more aid to jobless homeowners.

FT:   China’s economy continued to slow in July.

FT:   BP plc (NYSE: BP) US earnings will secure its $20 billion escrow.

FT:   Hedge funds are buying more US Treasuries.

Bloomberg:   GM will try to sell $16 billion in stock.

Bloomberg:   The Chinese are hiding $1.1 trillion in wealth.

Douglas A. McIntyre