Media Digest 6/3/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   G20 nations have no agreement on a bank levy.

Reuters:   Buffett’s  testimony before the Financial Crisis Inquiry Commission did little to change members’ views of the ratings agencies.

Reuter:   Facebook’s CEO has not set a date for an IPO.

Reuters:   Tablet PCs are seen as a follow-up to the success of netbooks.

Reuters:   Shares in Tokyo rose 3%.

Reuters:   The BOJ warned of dangerously high levels of public debt.

Reuters:   Nearly 5 million people have downloaded the Skype app for the Apple Inc. (NASDAQ: AAPL) iPhone.

Reuters:   Ebay’s (NASDAQ: EBAY) CEO says iPhone app downloads could triple.

Reuters:   AT&T (NYSE: T) will stop its unlimited data plan.

Reuters:   General Growth will stick with the Brookfield bid.

WSJ:   Digital self-publishing is hurting the book industry.

WSJ:   AT&T will charge heavy bandwidth users.

WSJ:   Retail sales stayed weak in May according to MasterCard Spending Plus

WSJ:   Plans to limit trading are causing good traders to leave banks.

WSJ:   Germany and France are battling over financial regulations.

WSJ:   Walgreen Co.  (WAG)  will start to sell beer and wine again.

WSJ:   Qualcomm’s (NASDAQ: QCOM) Flo TV has not attracted many customers.

WSJ:   Arm, IBM (NYSE: IBM) and others will start a venture to advance Linux.

WSJ:   US car sales rose in May

WSJ:   Electric cars may run into the problem of how long they can go without charges.

WSJ:   Ford Motor (NYSE: F) will phase out Mercury.

WSJ:   Nielsen plans an IPO.

WSJ:   Agriculture Bank of China has set a huge IPO

NYT;   Nokia-Siemens is in talks to build LTE for a number of carriers.

NYT:   A new report from Dartmouth questions healthcare savings.

NYT:   The founders of file sharing company Kazaa are selling music online.

NYT:   Toyota (NYSE: TM) May sales were below expectations.

FT:   BP plc (NYSE: BP) said it was not ready for the Deepwater Horizon spill.

FT:   Steve Jobs of Apple sees a decline in the popularity of Microsoft (NASDAQ: MSFT) Windows.

FT:   Greece has begun the process of privatization.

Bloomberg:   BP (NYSE: BP) may sell its Prudhoe Bay stake to finance Gulf problems.

Bloomberg:   Exxon Mobil (NYSE: XOM) will up its bet on algae biofuels to $600 million.

Bloomberg:   Skype will charge for 3G calls.

Bloomberg:   Lexus sales remained well ahead of Mercedes and BMW.

Bloomberg:   American International Group (NYSE: AIG) bankers say its AIA unit is worth $36 billion.

Douglas A. McIntyre