Media Digest (5/12/2011) Reuters, WSJ, NYT, FT, Bloomberg

The government may stop the sale of $9 billion in AIG (NYSE: AIG) shares if it does not do well. (Reuters)

Taketa may take over Nycomed for $14.2 billion. (Reuters)

Cisco (NASDAQ: CSCO) warned the next quarter would be weak and that it would implement $1 billion in cost cuts. (Reuters)

SAC”s Steve Cohen is troubled because of insider trading allegations about his firm but he will continue to operate the investment firm. (Reuters)

Google (NASDAQ: GOOG) will release a series of Chrome-based computers to compete with Microsoft (NASDAQ: MSFT). (Reuters)

Amazon (NASDAQ: AMZN) may pull business from more states due to online tax concerns. (Reuters)

GfK Research says that PayPal is the No.1 brand for mobile e-commerce. (Reuters)

China stock scams have become more prevalent in the US. (Reuters)

CEOs of large oil firms are under pressure about tax breaks.(WSJ)

A sharp drop in gasoline futures hammered the stock markets (WSJ)

Toyota (NYSE: TM) is suffering greatly due to a drop in the Japan stock market and its decision to make a large number of its cars there. (WSJ)

Greeks staged huge strikes over austerity plans. (WSJ)

Congress will consider breaking Fannie Mae and Freddie Mac into five private companies. (WSJ)

Finland may go along with a plan for a Portugal bailout. (WSJ)

Inflation in Germany reached a three year high. (WSJ)

The SEC wants companies to disclose when they are cyberattack victims. (WSJ)

AcelorMittal will raise steel production. (WSJ)

China has hurt Germany’s business of making enterprise machinery. (WSJ)

Medtronic picked the head of GE’s (NYSE: GE) healthcare operation to be its CEO. (WSJ)

A restructuring of Alibaba in which Yahoo! (NASDAQ: YHOO) holds a  stake hurt the US portal firm’s stock. (WSJ)

Stagflation has become a bigger worry for economists. (WSJ)

FriendFinder was the worst IPO of the year based on its first day price. (WSJ)

Google’s prospects in India due to internet laws have challenged the search engine company. (WSJ)

An Associated Press-GfK poll shows about 40% of people think the economy is improving. (NYT)

China’s economy slowed but inflation remains a worry. (NYT)

UK officials have expressed more concern about inflation. (NYT)

Large US companies have borrowed money at low interest rates to set share buybacks and dividends. (FT)

Some US corporations have urged Congress to raise the debt ceiling. (FT)

Investors are fleeing commodities for cash. (Bloomberg)

A Bloomberg poll of investors shows that 54% have an unfavorable view of Goldman Sachs (NYSE: GS). (Bloomberg)

The cost of oil may help increase the price of certain agricultural commodities. (Bloomberg)

Douglas A. McIntyre