Media Digest (3/30/2011) Reuters, WSJ, NYT, FT, Bloomberg

Media

Published: March 30, 2011 4:16 am

Consumer morale and home prices dropped sharply according to two surveys (Reuters)

Gold and oil rose on concerns about Libya and the movement in equities (Reuters)

The new chief of Twitter wants the site to be more mainstream (Reuters)

Gap (NYSE: GPS) opened an online store on the Chinese e-commerce site Taobao (Reuters)

Carl Icahn offer a loan to Mentor Graphics (Reuters)

State tax revenue is up due to an improved economy and higher tax rates. But, they still must face a drop in federal funds (WSJ)

Cnooc and Total bought interest in Uganda oil firm Tullow Oil (WSJ)

Amazon.com (NASDAQ: AMZN) bet rivals Google (NASDAQ: GOOG) and Apple (NASDAQ: AAPL) as it offered an online storage product for consumer multimedia. (WSJ)

The Supreme Court began to hear the Wal-Mart (NYSE: WMT) bias case (WSJ)

Parts shortages from Japan have started to hurt sales prospects for Toyota (NYSE: TM) and Honda (NYSE: HMC) in the US (WSJ)

Macau casino operator Galaxy Entertainment Group said profits dropped 22% (WSJ)

A Nokia (NYSE:NOK) patent filing continues its IP battle with Apple (WSJ)

New York State said it would review the AT&T (NYSE: T) buyout of T-Mobile (WSJ)

News Corp (NYSE: NWS) is in talks to sell MySpace to Vevo (WSJ)

An FDA official was charged with insider trading (WSJ)

Jefferson County, Ala may file for bankruptcy (WSJ)

A bill to take power from unions moved through the Ohio legislature (WSJ)

Death benefits for families of those killed in the BP plc (NYSE: BP) rig explosion are as high as $8 million (WSJ)

BP says a worker lost a laptop with data on thousands of people who have made claims against the company (WSJ)

The Japanese parliament approved a budget for next year (WSJ)

Portugal may report a wider budget deficit than its earlier numbers showed (WSJ)

Valeant Pharmaceuticals offered$5.7 billion for drug firm Cephalon. (WSJ)

Johnson & Johnson (NYSE JNJ) ordered more OTC drug recalls (WSJ)

The UAW may consider some lower wage jobs to improve overall employment at car companies (WSJ)

The flooding of the market by 3D TVs has already begun to hurt prices (WSJ)

Lenovo indicated that chip supply problems from Japan could hurt its tablet sales (WSJ)

IDC said smartphone sales continued to rise quickly (WSJ)

New measures for mortgage lending are so strict that they could hurt the housing market (WSJ)

The Apollo IPO priced at the high end of its range (WSJ)

Stock prices in Europe were not hurt by downgrades of Portugal and Greece (WSJ)

Acres under use to grow cotton have risen (WSJ)

Mortgage aid from the Home Assistance Modification Program has done little to help stop foreclosures (NYT)

Opec export revenue may hit $1 trillion (FT)

Tepco shares fell on fears the Japanese government will take it over (FT)

Poor results from bank stress tests may force Ireland to take over some of its largest banks (Bloomberg)

China may hamper use of Gmail and Google Maps (Bloomberg)

The IMF said that sovereign paper ratings have contributed to instability in EU debt (Bloomberg)

The damaged nuclear power plant in Japan may take years and $12 billion to fix (Bloomberg)

Douglas A. McIntyre

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