Media Digest (10/1/2010) Reuters, WSJ, NYT, FT, Bloomberg

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Reuters:   Hewlett-Packard (NYSE: HP) named the former CEO of SAP (NYSE: SAP) as CEO and a former president of Oracle (NASDAQ: ORCL) as chairman.

Reuters:   A trade  by Waddell & Reed Financial helped start the flash crash.

Reuters:   China’s PMI growth as PMI rose to 53.8 in September from 51.7 in August.

Reuters:   Oil moved back above $80 on strong data from the US and China.

Reuters:   India rejected a data solution from Research In Motion (NASDAQ: RIMM), maker of the BlackBerry.

Reuters:   The CEO of Microsoft (NASDAQ: MSFT) had a lower bonus because of failures of the company’s mobile strategy.

Reuters:   American International Group (NYSE: AIG) plans to increase return to taxpayers quickly.

Reuters:   BHP Billiton (BHP) will soon challenge legal objections to its offer for Potash (NYSE: POT)

Reuters:   Dollar Thrifty (NYSE: DTR) shareholders rejected a Hertz (NYSE: HTZ) offer.

WSJ:   Small investors left the stock market in the third quarter.

WSJ:   P&G’s (NYSE: PG) will launch inexpensive razors in India.

WSJ:   Sprint-Nextel (NYSE: S) executives left the Clearwire (NASDAQ: CLWR) board, which may begin a possible takeover move.

WSJ:   Carl Icahn bought MGM studio debt and pressed for a merger with Lions Gate.

WSJ:   Microsoft will launch a line of smartphones which will operate on the AT&T (NYSE: T) network.

WSJ:   The NFL may distribute programs on tables which operate on the Verizon Wireless network.

WSJ:   Apple Inc (NASDAQ: AAPL) will make its Nano smaller

WSJ:   Problems in Ireland cause investors to reconsider the strength of EU finances.

WSJ:   Over 100 people have been charged in the US and UK with hacks of bank accounts to steal money.

WSJ:   Federal agencies will be flexible on plans the effect McDonald’s (NYSE: MCD) worker health care plans.

WSJ:   Bloomberg and Murdoch pressed Congress to ease rules for well-trained immigrants.

WSJ:   The IMF said austerity plans will hurt GDP growth in a new analysis in its World Economic Outlook

WSJ:   Regulators told Congress that Johnson & Johnson (NYSE: JNJ) moved too slowly on OTC drug manufacture issues.

WSJ:   Fisher Price agreed to a new toy recall.

WSJ:   Comverse Technology has become a potential takeover target with Oracle as the lead candidate to make an offer.

WSJ:   Principal Financial Group will leave the health insurance business.

WSJ:   Ford Motor (NYSE: F) will try to repair the image of its Lincoln division.

NYT:   Evictions from foreclosures may slow as more documents show that some actions were improper.

NYT:   The TARP bailout will cost less than earlier believed.

NYT:   Eli Lilly (NYSE: ELI) faces the loss of patent protection on a large number of its drugs.

FT:   Stocks in the US had their best September since 1939.

FT:   BP plc (NYSE: BP) may reinstate its dividend next year.

Bloomberg:   Sinopec (NYSE: SNP) will put $7.1 billion into the Brazilian unit of Repsol.

Bloomberg:   German retail sales fell in August.

Bloomberg:   China’s PMI moved up in September.

Douglas A. McIntyre

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