Media Digest (8/5/2011) Reuters, WSJ, NYT, FT, Bloomberg

Wall St. had its worst sell-off in two years (Reuters)

Regulators have begun to tussle over interpretations of the Dodd-Frank financial reform bill (Reuters)

LinkedIn (NYSE: LNK) posted strong earnings and a good forecast (Reuters)

New York State will challenge a Bank of America (NYSE: BAC) settlement of claims on mortgage backed securities (Reuters)

Kraft (NYSE: KFT) broke itself into two pieces because of activist investors (WSJ)

Low mortgage rates may have to go even lower to encourage people to refinance existing home loans (WSJ)

GM (NYSE: GM) earnings were helped by its program that cut 47 plants to 32 (WSJ)

Southwest (NYSE: LUV) will cut flights because of high fuel costs (WSJ)

Sony (NYSE: SNE) said it would keep making TV sets (WSJ)

Obama pushed for new programs to increase jobs (WSJ)

The ECB has begun to buy bonds from weak eurozone nations in the hope of averting another wave of sovereign crisis (WSJ)

Japan has begun to try to weaken the yen (WSJ)

The Swiss are worried the price of their franc, driven by safe haven buying, will hurt the economy (WSJ)

Retail sales gained slightly in July (WSJ)

U.S. small businesses have more worries with sales than they do getting bank credit (WSJ)

Concerns about Dendreon’s (NASDAQ: DNDN) Provenge pushed its shares down over 60% (WSJ)

UK banks are concerned about exposure to Belgian debt (WSJ)

Royal Dutch Shell (NYSE: RDS) got approval to drill in the Arctic (NYT)

Concerns about a slowdown hit oil and metals stock prices (FT)

AIG (NYSE: AIG) said its earnings crisis has ended as it posted good results (FT)

Sony (NYSE: SNE) is under pressure to drop the price on PS3 to help sales (Bloomberg)

GM (NYSE: GM) pushed ahead of Toyota (NYSE: TM) as the world’s largest car company (Bloomberg)

Douglas A. McIntyre