Media Digest (3/7/2011) Reuters, WSJ, NYT, FT, Bloomberg

The US may take oil from its Strategic Petroleum Reserve. (Reuters)

The London Stock Exchange may try to take over NASDAQ. (The Times)

A National Association for Business Economics survey found many experts believe that QE2 has helped growth. (Reuters)

Trouble in Libya moved gold, silver, and crude higher. (Reuters)

China said the US must cease arms sales to Taiwan. (Reuters)

Google’s (NASDAQ: GOOG) push into South America has Brazil as its major target. (Reuters)

Moody’s downgraded Greece. (MarketWatch)

LMVH took over Bulgari. (Reuters)

Starbucks (NASDAQ: SBUX) may make consumer goods company purchases. (WSJ)

China said it would help its lower classes and attack inflation. (WSJ)

BP (NYSE: BP) will keep its assets in Algeria. (WSJ)

The Labor Department says more jobs are open but they are being filled slowly. (WSJ)

Airlines are pushing higher and higher fees to keep customers as ticket prices rise. (WSJ)

US farmers must have a high crop yield this year to keep food prices from soaring. (WSJ)

State pensions were helped by the rise in the stock market last year. (WSJ)

Ireland set a new ruling coalition. (WSJ)

Airbus has developed technology that will help commercial plans from colliding when they are close to one another. (WSJ)

Venezuela’s currency devaluation has made it more financially challenging for multinational to do business in the country. (WSJ)

Fuld & Co said that tech executives are aggressive at challenging competition compared to management in many other industries. (WSJ)

The head of Singapore’s sovereign wealth fund said that the US was too pessimistic about its growth prospects. (WSJ)

Companies have begun to shrink their cash balance sheet through means such as higher dividends. (WSJ)

Pharma companies will have another 10% of their drugs go off patent this year which will cost them $50 billion in revenue. (NYT)

Airbus says that Asia will soon account for a third of the jet market. (NYT)

Apple (NASDAQ: AAPL) can keep the retail price of the iPad below competitors because of component and distribution advantages. (NYT)

EU bank stress tests will become more rigorous. (FT)

Oil price of $110 will erase profitability at many companies. (Bloomberg)

Investors outside the US added to long-term Treasury holding which has kept interest rates low.(Bloomberg)

Douglas A. McIntyre