Media

Media Digest (4/21/2011) Reuters, WSJ, NYT, FT, Bloomberg

Apple (NASDAQ: AAPL) earnings surpassed expectations and the company said iPad 2 units were backlogged (Reuters)

BP plc (NYSE: BP) sued Transocean (NYSE: RIG) for $40 to cover costs related to Deepwater Horizon (Reuters)

International Association of Credit Portfolio Managers members shifted down their expectations for the second quarter (Reuters)

Analysts believe gold will reach $1,700 by 2015 (Reuters)

The dollar hit a three-year low and Brent rose above $122 (Reuters)

Verizon said it was not certain whether it would market the Research In Motion (NASDAQ: RIMM) Playbook (Reuters)

The improvement in smartphone plans and parts issues from Japan will dominate questions about Nokia’s (NYSE: NOK) earnings (Reuters)

AT&T (NYSE: T) earnings were strong despite the loss of iPhone exclusivity (Reuters)

AIG (NYSE: AIG) sold its asbestos risk to Berkshire Hathaway (NYSE: BRK.B) (Reuters)

Ben Bernanke will have his first press conference after the upcoming meeting of the Federal Reserve (WSJ)

Boeing (NYSE: BA) will fight an NLRB complaint that would move some 787 production to a unionized plant (WSJ)

Railroad earnings have benefited from large shipping improvements (WSJ)

Inexpensive self-published books are among the most popular sold for use by e-reader consumers which has pushed mainstream titles aside at locations like the Amazon.com (NASDAQ: AMZN) e-book store (WSJ)

Global demand has helped US companies regain sales growth despite high commodities prices (WSJ)

US regulators put more restrictions on airlines which will aid consumers (WSJ)

Home sales rose as prices fell (WSJ)

Sharp differences between political parties has split Nigeria (WSJ)

China plans tax cuts for those who earn little (WSJ)

The EU Chamber of Commerce in China said its members have been shut out of markets in the People’s Republic (WSJ)

Google’s (NASDAQ: GOOG) new search formula has hurt traffic to many small businesses (WSJ)

Subaru plans to expand it appeal to mainstream car buyers (WSJ)

China has begun to signal that a strong yuan may help it fight inflation (WSJ)

Wells Fargo’s (NYSE: WFC) mortgage business hurt it results (WSJ)

Unreliable data from place like Saudi Arabia has made trading in crude more speculative (WSJ)

Apple iPhones have a tracking device which stores the movements of users (NYT)

A move to the safety of gold pushed prices higher (NYT)

The Treasury will complete a $20 billion sales of AIG (NYSE: AIG) shares despite a drop in the firm’s stock price (FT)

Amazon will create a library service for the Kindle (FT)

Fiat will raise its stake in Chrysler to 46% (Bloomberg)

Solar companies may benefit from nuclear worries (Bloomberg)

Douglas A. McIntyre

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