Media Digest 5/6/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

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MarketWatch: Asia shares were off by 2%.

Reuters:   Riots against austerity measures continued n Greece.

Reuters:   US regulators want to increase supervision of broadband.

Reuters:   The Fed’s Rosengren says rates must stay low.

Reuters:   Greece’s problems offset good economic news in the market.

Reuters:   Facebook privacy problems exposed some private data.

Reuters:   Sprint (NYSE: SYMC) will unveil an text-centric handset.

WSJ:   Many experts believe the US productivity cannot keep improving.

WSJ:   Federal officials plan to use telephone regulations to regulate broadband.

WSJ:   The SEC is looking into how Berkshire Hathaway (NYSE: BRK.B) informed other Burlington Northern shareholders about it takeover of the train line.

WSJ:   The Senate will try to give regulators more power to break up banks.

WSJ:   Bankers expect at least one private equity deal to top $10 billion soon.

WSJ:   Lucent-Alcatel (NYSE: ALU) had another huge loss.

WSJ:   Low yield bonds from emerging markets are drawing buyers.

WSJ:   Goldman Sachs Group’s (NYSE:GS) Blankfein defended he firm’s ethics.

WSJ:   Yahoo! (NASDAQ: YHOO) will launch a new ad campaign

WSJ:   CEOs polled by the Business Council and Conference Board are more optimistic about the future.

WSJ:   Freddie Mac (NYSE: FRE) asked the government for another $10.6 billion .

WSJ:   Symantec (NASDAQ: SYMC) made a profit.

WSJ:   The Fed is making stronger arguments to combat plans for more government oversight.

WSJ:   Novartis (NYSE: NVS) is trying to get nations that canceled H1N1 vaccines to pay.

WSJ:   Investigators in India are looking at Hewlett=Packard (NYSE: HPQ) tax payments.

WSJ:   The Washington Post Company (NYSE: WPO) will sell Newsweek.

WSJ:   CenturyTel and Qwest (NYSE: Q) are losing more wireless subscribers.

WSJ:   Skype will offer paid video chats.

WSJ:   Mortgage issues may hurt H&R Block.

WSJ:   Pushing Greece out of the Eurozone may disrupt the euro too much to allow it.

WSJ:   New broadband rules are a potential victory for Google (NASDAQ: GOOG)

WSJ:   The head of Bear Stearns blamed market rumors for the firm’s collapse.

FT:   Moody’s (NYSE: MCO) changed its outlook on BP plc (NYSE: BP) to negative.

FT:   Prudential UK has delayed its $21 billion rights offering.

Bloomberg:   Rajat Gupta, the Goldman Sachs Group Inc. director, had a long relationship with Galleon Group LLC founder Raj Rajaratnam

Bloomberg:   BP plc may burn off some of the Gulf oil.

Douglas A. McIntyre

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