Media Digest (9/3/2010) Reuters, WSJ, NYTimes, FT, Bloomerg

Reuters:   China has approached a Canadian fund about a rival bid for Potash (NYSE: POT)

Reuters:   The cost of Gulf clean-up hit $8 billion.

Reuters:   China said that its $2.45 trillion currency holdings was mostly in dollars and said it may have to depreciate part of the value of the fund.

Reuters:   The White House said that no second stimulus is being considered.

Reuters:   One Senator said food safety was a priority for the body.

Reuters:   Google Inc (NASDAQ: GOOG) is preparing a music download business to compete with Apple Inc. (NASDAQ: AAPL).

Reuters:  Netflix (NASDAQ: NFLX) may get new growth due to its relationship with Apple.

Reuters:   Verizon (NYSE: VZ) will offer prepaid options for cellphones.

Reuters:   Hewlett-Packard (NYSE: HPQ) won the bidding for 3PAR (NYSE: PAR) and paid $2.4 billion, topping a bid by Dell Inc. (NASDAQ: DELL).

WSJ:   Toshiba will launch a new tablet PC.

WSJ:   Roche has created a cost-cutting plan.

WSJ:   The Treasury must decide how many large foreign investors it will allow to put money into GM.

WSJ:   Retailers had a modest uptick in August sales.

WSJ:   Workers carried a bigger burden of healthcare costs last year.

WSJ:   Samsung launched an Apple Inc iPad rival.

WSJ:   Aol (NYSE: AOL) widened its relationship with Google Inc.

WSJ:   Baidu (NASDAQ: BIDU) started an app store.

WSJ:   The European Central Bank raised its growth forecasts for the year.

WSJ:   3G Capital Management bought Burger King (NYSE: BKC) for $3.3 billion.

WSJ:   GM, Ford Motor (NYSE: F) and Toyota (NYSE: TM) posted sales gains in China.

WSJ:   Avis (NYSE: CAR) raised its bid for Dollar Thrifty (NYSE: DTG).

WSJ:   Walt Disney (NYSE: DIS) and Time Warner (NYSE: TWC) reached a deal on content carriage fees.

WSJ:   Average mortgage rates hit another new low.

NYT:   BP plc says limits on Gulf drilling will hurt its oil spill payouts.

NYT:   Google’s YouTube should bring in $450 million in revenue this year, most of which will be from advertising.

NYT:   A strong yen has helped German exports.

NYT:   Theong yen will cripple Toyota Motor profits.

NYT:   Putin extended a ban on grain exports.

FT:   There is growing anxiety about food shortages around the world.

FT:   Foreign companies are up against unreasonable rules in China, according to the European Chamber of Commerce.

Bloomberg:   The EU may limits naked shorting and shorting of government debt.

Douglas A. McIntyre