Media Digest 6/10/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

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Reuters:   Volcker is optimistic about a good financial reform bill.

Reuters:   BP plc (NYSE: BP) shares dropped on concerns about financial viability.

Reuters:   China exports rose, putting the yuan issue center stage.

Reuters:   AT&T (NYSE: T) said 114,000 emails were exposed in a security flaw that hit iPads.Reuters:   Oil prices were up as China’s exports increased.

Reuters:   Google
Inc. (NASDAQ: GOOG) attacked Apple Inc. (NASDAQ: AAPL) over new rules for using Apple’s mobile ad platform

Reuters:   Motorola (NYSE: MOT) says Droid sales are excellent.

Reuters:   Neuberger Berman will go public.

WSJ:   The US tried to push the amount BP will have to pay for the spill higher.

WSJ:   The panel that oversees taxpayer investments in financial firms says losses on American International Group (NYSE: AIG) could be substantial.

WSJ:   More marketers are testing 3D ads.

WSJ:   Economists expect slow US growth.

WSJ:   Bernanke warned about the US deficit.

WSJ:   Genzyme and Icahn are ending their proxy fight.

WSJ:   Microsoft Corporation (NASDAQ: MSFT) will try to increase Bing traffic through a deal with AOL Inc. (NYSE: AOL)

WSJ:   Google asked the US and EU to pressure China on its internet rules.

WSJ:   Congress may make it easier for consumers to sue car companies for defects.

WSJ:   Germany rejected aid for Opel leaving GM with the costs.

WSJ:   Santander agreed to pay $2.5 billion to Bank of America Corporation (NYSE: BAC) for its stake in the Spanish bank’s Mexican unit.

WSJ:   Pimco has been buying Treasuries.

WSJ:   JPMorgan Chase (NYSE: JPM) has set up a venture to improve its hold in China’s markets.

WSJ:   Merkel called for more effort to regulate EU financial markets.

WSJ:   Agricultural Bank of China won approve for an IPO.

WSJ:   Short sellers upped bets on stocks.

NYT:   BP says it has the financial strength to deal with Gulf costs.

NYT:   Russian companies are pushing initiatives to sell raw materials to China.

NYT:   Researchers are worried about the time that parents spend online.

NYT:   Honda Motor (NYSE: HMC) faces more labor-related shutdowns in China.

FT:   The UK government and businesses are worried about the US government’s aggressive treatment of BP plc.

FT:   The SEC is conducting a new probe of Goldman Sachs Group Inc.’s (NYSE: GS) use of CDOs.

FT:   Apple Inc. (NASDAQ: AAPL) may face antitrust investigations over its control of mobile ads.

FT:   Unrest is spreading among Chinese workers.

Bloomberg:   AT&T has set a deal with ESPN for 3D ads.

Bloomberg:   Bank of America may face huge home equity losses.

Bloomberg:   BP CDS increased sharply.

Bloomberg:   A child born in 2009 will cost $229,000 to raise.

Douglas A. McIntyre

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