Media Digest (5/18/2011) Reuters, WSJ, NYT, FT, Bloomberg

Hewlett-Packard (NYSE: HPQ) earnings were below expectations, but those of Dell (NYSE: DELL) were above. (Reuters)

The FCC asked Google (NASDAQ: GOOG) and Apple (NASDAQ: AAP) to attend a meeting on location-based software. (Reuters)

Apple plans to put smaller SIM cards in its handsets. (Reuters)

Takeda will announce its has bought Nycomed. (Reuters)

LinkedIn’s IPO increased the expected value of other social networks. (Reuters)

MGM Macau IPO was help by investments from several billionaires. (Reuters)

The Obama Administration pressured Strauss-Kahn to step down as IMF chief. (WSJ)

Large companies are raising money quickly as they fear interest rates will rise. (WSJ)

US plants which had excess capacity during the recession have begun to buy new equipment as the recovery increases demand. (WSJ)

Moody’s downgraded Australia’s big banks. (WSJ)

Health professionals urged McDonald’s (NYSE:MCD) to cut fatty foods. (WSJ)

Improvement in the economy has not helped housing. (WSJ)

A power shortage in China has cause the government to regulate use of electricity in plants. (WSJ)

Wealthy investors have driven up values of closely held tech firms in a pattern similar to the one in the 1990s. (WSJ)

Sony’s (NYSE: SNE) CEO warned that all open company networks are potentially unsafe. (WSJ)

The economy in southern Europe hurt Vodafone results. (WSJ)

Intel (NASDAQ: INTC) said it will change its targets to low powered chips. (WSJ)

Mobile app firms are consolidating to combine engineering and marketing efforts. (WSJ)

Hulu is close to a broad deal to keep its access to TV shows. (WSJ)

The NYSE (NYSE: NYX) has upped efforts to get regulators to approve its Deutsche Borse deal. (WSJ)

Worries about heavy rain pushed corn prices higher. (WSJ)

High gas prices have increased loads on public transportation. (NYT)

A chemical which can cause cancer, chlorinated Tris, is in a number of children’s products. (NYT)

The PC market has been savaged as consumers turn to tablets. (NYT)

The Federal Reserve wants annual bank stress tests. (FT)

Large business sales helped Dell results. (FT)

Budget talks in Congress faltered. (FT)

The World Bank may seek less of a role for the dollar. (FT)

An increase in demand for shale helped kill a $35 billion pipeline for Alaska. (FT)

Huge Arctic oil fields will be available for bid not the BP’s (NYSE: BP) plans have faltered. (Bloomberg)

Douglas A. McIntyre