Media

Media Digest (6/30/2011) Reuters, WSJ, NYT, FT, Bloomberg

Markets expressed concerned about what the Fed will do as QE2 ends. (Reuters)

Lloyd’s new CEO may cut 15,000 jobs. (Reuters)

Asia will press Lagarde to keep promises she gave while seeking to lead the IMF. (Reuters)

Greece and low US stocks pushed Brent above $112. (Reuters)

News Corp (NYSE: NWS) sold MySpace. (Reuters)

Zynga will fill for its IPO today. (Reuters)

Amazon.com (NASDAQ: AMZN) protested new California sales tax and said it would kill relations with affiliates there. (Reuters)

Samsung, in a patent war with Apple (NASDAQ: AAPL), asked legal authorities to ban imports of iPads and iPhones. (Reuters)

AMR (NYSE: AMR) is in talks to buy 250 aircraft from Boeing (NYSE: BA) and Airbus. (Reuters)

Living Social may launch a $1 billion IPO. (Reuters)

Hyundai’s push to manufacture high-quality cars could soon hit limits. (WSJ)

Bank of America’s (NYSE: BAC) deal to buy Countrywide has cost it billions. (WSJ)

The SEC aims to create a more level swaps market. (WSJ)

The FDA said Roche’s Avastin should not be used to treat breast cancer. (WSJ)

The UK government approved a deal for News Corp to buy BSkyB. (WSJ)

Atlanta will probably approve measures to limit employee retirement benefits. (WSJ)

A U.S. appeals court upheld Obama’s Health Care Reform law .(WSJ)

Portugal’s deficit may be higher than expected. (WSJ)

Small businesses which needs loans still are having trouble finding them. (WSJ)

Kraft (NYSE: KFT) will use social media to help aged brands. (WSJ)

BJ’s Wholesale will go private. (WSJ)

Caterpillar (NYSE: CAT) expects competition with Chinese companies. (WSJ)

The TMX, owner of The Toronto Stock Exchange, killed a merger with the London Stock Exchange. (WSJ)

Ally Financial will post large mortgage losses. (WSJ)

A new NYT poll showed most people would still like to own a home. (NYT)

The IMF pushed for action on the US debt limit. (NYT)

Investment banking activity fell last quarter on concerns about the economy. (FT)

Greece will have to show it has made financial progress when more loans come due later in 2011. (FT)

German banks are close to a deal to extend Greek debt terms. (Bloomberg)

Douglas A. McIntyre

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