Media

Media Digest (5/17/2011) Reuters, WSJ, NYT, FT, Bloomberg

BP plc’s (NYSE: BP) deal to drill in the Arctic dissolved as its venture with Rosneft faltered (Reuters)

Hewlett-Packard (NYSE: HPQ) will release results early after a note from its CEO was leaked (Reuters)

AOL’s (NYSE: AOL) CEO said there were no plans to take the company private (Reuters)

Yahoo! (NASDAQ: YHOO) faces hurdles as it works to iron out differences with Asia firm Alibaba (Reuters)

Nvidia (NASDAQ: NVDA) says it sees Google (NASDAQ: GOOG) Android overtaking Apple’s (NASDAQ: AAPL) products within three years (Reuters)

Nasdaq (NASDAQ: NDAQ) and ICE dropped a a deal to buy NYSE (NYSE: NYX) because of concerns about regulatory approval (Reuters)

The NY Attorney General will begin an investigation of large bank practices of bundling mortgage securities and selling them to clients. Bank of America (NYSE: BAC), Morgan Stanley (NYSE: MS) and Goldman Sachs Group (NYSE: GS) are part of the probe (WSJ)

Google sold its first bonds (WSJ)

The EU said its expects Greece to sell more assets if it is to get additional aid (WSJ)

Microsoft (NASDAQ: MSFT) will do more to increase its relationship with Facebook to try increasing Bing market share (WSJ)

Walmart (NYSE: WMT) hit  roadblocks as it tries to enter South Africa (WSJ)

Obama suspended regulations to cut emissions from chemical plants because of business objections (WSJ)

Bernanke supported more R&D spending as a way to revive the economy (WSJ)

Sam’s Club sales have helped Walmart’s revenue to advance (WSJ)

Netflix (NASDAQ: NFLX) will stream Marimax movies (WSJ)

SAP (NYSE: SAP) has changed its business to support more consumers apps (WSJ)

Goldman Sachs has increased the size of its investment bank (WSJ)

Cheap loans from banks have allowed large corporations to raise cash inexpensively (WSJ)

EU members may extend the time over which Greece pays its loans (Bloomberg)

A $111 billion bailout of Portugal was approved by EU members (Bloomberg)

Douglas A. McIntyre

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