Media Digest (5/26/2011) Reuters, WSJ, NYT, FT, Bloomberg

G8 leaders will met and will probably focus on the IMF and upheaval in Africa and the Middle East (Reuters)

Hedge fund manager David Einhorn wants Steve Ballmer replaced as CEO of Microsoft (NASDAQ: MSFT) (Reuters)

UBS may relocate its investment bank from Switzerland (Reuters)

LinkedIn may press into China (Reuters)

Sony (NYSE: SNE) said it would make $975 million in the current year (Reuters)

Google (NASDAQ: GOOG) and Facebook cautioned against overly restrictive privacy rules as the G8 meets (Reuters)

The Freescale IP priced at the low end of its range (Reuters)

Republicans pressed plans to overhaul Medicare (WSJ)

Listing costs have driven down the number of US stock listings by 43% in 1997 (WSJ)

The number of top managers who have left Hewlett-Packard has accelerated (WSJ)

China may buy new Portugal bonds (WSJ)

Comcast (NASDAQ: CMCSA) will test new video over IP products (WSJ)

Ricoh will cut 10,000 jobs (WSJ)

Yahoo! (NASDAQ: YHOO) said it improved its relationship with Alibaba in which it owns a large stake (WSJ)

Shares of AIG (NYSE: AIG) dropped at it sold shares to repay the government (WSJ)

Emerging nations have had little success in attempts to promote on of their financial leaders as IMF chief (WSJ)

The OECD said central banks should start to raise rates (WSJ)

Martha Stewart may be for sale (WSJ)

Costco (NASDAQ: COST) said it faces inflation in the prices of its cost of goods sold (WSJ)

Starbucks (NASDAQ: SBUX) raised the price of its bagged coffee by 17% (WSJ)

The European Union Chamber of Commerce In China attacked the country’s pollution policies (WSJ)

Canadian financiers will make a hostile bid for TMX to overcome an offer from the London Stock Exchange (WSJ)

China may allows its banks to hedge risk (WSJ)

Switzerland will phase of the nation’s use of nuclear power (NYT)

The New York Fed has investigated the mortgage service arm of Goldman Sachs (NYSE: GS) (FT)

Tensions between Germany and France increased ahead of the G8 meeting (Bloomberg)

Douglas A. McIntyre