Media Digest (7/1/2011) Reuters, WSJ, NYT, FT, Bloomberg

Media

Douglas A. McIntyre

Published: July 1, 2011 6:12 am

Strauss-Kahn may be released because of fraudulent charges (NYT)

Geithner may retire as Treasury Secretary (Reuters)

The Fed Bullard said QE2 was similar to more rate cuts (Reuters)

Lockheed Martin (NYSE: LMT) will cut 1,500 jobs (Reuters)

China’s PMI stalled (Reuters)

IEA to release oil reserves, and with China PMI stagnant, oil prices fell (Reuters)

The U.S. will sell 30 million barrels of emergency oil (Reuters)

Research In Motion (NASDAQ: RIMM) may consider board changes following proxy firm suggestions (Reuters)

Apple (NASDAQ: AAPL) and RIM will buy Nortel patents for $4.5 billion (Reuters)

Due to huge demand, Google (NASDAQ: GOOG) will stop sign-ups for its social network (Reuters)

Private equity may be some parts of Hewlett-Packard (NYSE: HPQ) (Reuters)

Collapsed M&A deal may put NASDAQ and D. Borse into new M&A activities (Reuters)

Hedge fund chief John Paulson pressed Bank of America (NYSE: BAC) to fight mortgage-backed securities charges (WSJ)

German banks agreed to extend Greek loans (WSJ)

A new bidder is close to securing the assets of book retailer Borders (WSJ)

First Solar (NASDAQ: FSLR) won a number of new government support packages (WSJ)

Some experts claim a failure to raise the debt cap may have only minor short term effects (WSJ)

NY regulators may approve “fracking”as a way to recover natural gas (WSJ)

Italy will make cuts in an attempt to balance its budget (WSJ)

Greece passed a second, wide-ranging, austerity program (WSJ)

Hewlett-Packard (NYSE: HPQ) will introduce a tablet to compete with the Apple’s (NASDAQ: AAPL) iPad (WSJ)

The American Air (NYSE: AMR) turnaround package has failed to work (WSJ)

The ITC ruled against some intellectual property charges brought by Kodak (NYSE: K) against Apple. Kodak’s shares fell 20%.

UK officials approved a News Corp (NYSE: NWS) deal to buy BSkyB (WSJ)

Scripps Network Interactive will not sell the company. Instead, it will begin a $1 billion share buyback. (WSJ)

Motorola Mobility expects improved sales in China (WSJ)

A larger than expected corn crop hurt prices of the commodity (WSJ)

Citigroup (NYSE: C) may finally sell its consumer finance arm (WSJ)

Zynga’s IPO must show it is not entirely dependent on Facebook for revenue (WSJ)

The Boeing fight to keep unions out of a plant in North Carolina has become a huge political issue (NYT)

Rulings in Colorado and Minnesota may allow states to cut pension benefits for government workers (NYT)

China’s PMI was the lowest in two years (FT)

Twitter may face government investigation over its control of app developers (FT)

Business sentiment in Japan fell (FT)

Consumer activity in BRIC nations has begun to falter (Bloomberg)

Japan car sales fell, particularly for Toyota (NYSE: TM)

Douglas A. McIntyre

The Average American Has No Idea How Much Money You Can Make Today ^(Sponsor)

The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.

But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

¹https://www.fdic.gov/national-rates-and-rate-caps