Media Digest (8/27/2010) Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Bernanke may admit the economy is weak but not five details of the Fed’s plans.

Reuters:   Hewlett-Packard (NYSE: HPQ) outbid Dell (NASDAQ: DELL) for 3Par (NYSE: PAR) by offering $27 a share for the storage company.

Reuters:   Toyota Motor (NYSE: TM) will recall more than 1.1 million more cars.

Reuters:   US growth will probably be revised down due to inventories and trade.

Reuters:   The FDA tied chicken feed to the salmonella outbreak in eggs.

Reuters:   India says a trial solution for Research In Motion’s (NASDAQ: RIMM) BlackBerry will be tested.

Reuters:   Google Inc (NASDAQ: GOOG) launched a real-time search site.

Reuters:   Wireless prices are falling because of competition.

Reuters:   Berkshire Hathaway (NYSE: BRK.B) may buy all of vice chairman Munger’s Wesco stake.

Reuters:   Manulife and Ace may be bidders for NY Life Asia operations.

WSJ:   Boeing (NYSE: BA) will delay the launch of its Dreamliner until October 2011.

WSJ:   Johnson & Johnson (NYSE: JNJ) is recalling hip implants.

WSJ:   A review of a Roche cancer drug was rejected.

WSJ:   Carl Icahn reduced his stake in Motorola (NYSE: MOT)

WSJ:   Companies with weak balance sheets may be in trouble as they add debt.

WSJ:   State Street (NYSE: STT) and BlackRock will manage a $6 billion UAW fund.

WSJ:   Mark Hurd will sell his shares in HP.

WSJ:   ArcSight has put itself up for sale and Oracle (NASDAQ: ORCL) may be a bidder.

WSJ:   States are trying to get their workers to pay more for healthcare benefits

WSJ:   AMR (NYSE: AMR) will fight a planned fine by the FAA.

WSJ:   Geely’s plans for Volvo have begun to become public.

WSJ:   Bain is expected to buy Air Medical Group.

WSJ:   Hyundai sales in China are likely to pass those in its home market of South Korea.

WSJ:   Ford Motor (NYSE: F) will launch new models in India.

WSJ:   Novartis acquired 77% of Alcon.

WSJ:   Sony (NYSE: SNE) says it has no plans to increase LCD forecasts due to yen strength and a slowing US market.

WSJ:   Sands China may delay a casino project.

NYT:   Wind turbine projects are being resisted by the Defense Department because of radar disruptions.

NYT:   GPS may be used to land planes.

FT:   The SEC says it will bring more enforcement actions because of trouble caused by the credit crisis.

FT:   The BHP Billiton (NYSE: BHP) bid for Potash (NYSE: POT) faces trouble from a potash cartel.

Bloomberg:   Boeing will delay the Dreamliner because of trouble with Rolls Royce engines.

Bloomberg:   Ben Bernanke and ECU head Trichet may disagree over programs to help the economy.

Bloomberg:   Nokia’s (NYSE: NOK) credit rating may be cut.

Bloomberg:   PetroChina (NYSE: PTR) said it would press global expansion.

Douglas A. McIntyre