Investing

Media Digest (5/31/2011) Reuters, WSJ, NYT, FT, Bloomberg

Moody’s said it may downgrade Japan’s debt because of its economic problems and huge debt. (Reuters)

Goldman Sachs traded $1.8 billion in Libyan sovereign capital in 2008 and lost most of it. (WSJ)

The EU may give additional aid to Greece as Germany signaled its acceptance. (Reuters)

Unrest in Yemen moved Brent crude above $115. (Reuters)

Sony (NYSE: SNE) said its PlayStation network was still down in parts of Asia. (Reuters)

Google (NASDAQ: GOOG) said its Chrome browser will be available on notebooks, but not tablets. (Reuters)

Intel (NASDAQ: INTC) launched laptops which have a number of tablet PC features. (Reuters)

Hewlett-Packard (NYSE: HPQ) recalled a number of laptop batteries. (Reuters)

The Defense Department said cyber-attacks on US firms and the government can constitute acts of war. (WSJ)

Cyber-attacks on Lockheed Martin (NYSE: LMT) and PBS show that such incidents have broadened. (WSJ)

The number of state officials who are cautious about approving the AT&T (NYSE: T) deal to buy T-Mobile has risen. (WSJ)

Airline ad-on fees are up sharply, according to Amadeus IT Group SA and IdeaWorks.  (WSJ)

Samsung has adopted Google (NASDAQ: GOOG) Android for its entire line of tablet PCs. (WSJ)

Many economists have lowered second quarter forecasts for the US economy. (WSJ)

Some investors want West Virginia to stop a buyout of Massey by Alpha Natural Resources. (WSJ)

Debt from troubled EU nations rose sharply on concerns about Greece. (WSJ)

A sharp rise in wheat has hurt the bakery business. (WSJ)

The Case-Shiller index is likely to show home prices dropped again. (NYT)

As China’s economy cools, fears of inflation remain. (NYT)

Wal-Mart (NYSE: WMT) is being pressed to publish labor practices of suppliers. (NYT)

A Facebook investor claims banks “mispriced” the LinkedIn IPO. (FT)

Germany plans to end its use of nuclear power by 2022. (FT)

India’s GDP growth rate dropped to 7.8% in the first quarter. (Bloomberg)

China raised prices for electric power due to shortages. (Bloomberg)

Douglas A. McIntyre

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