Media

Media Digest 6/22/2010

Reuters:   The White House budget director will leave.

Reuters:   China’s state-owned banks are buying dollars.

Reuters:   Intel (NASDAQ: INTC) and the FTC are in talks to settle a market abuse case.

Reuters:   Amazon.com Inc (NASDAQ: AMZN) and Barnes & Noble (NYSE: BKS) cut e-reader prices.Reuters:    Retailers have begun to take orders for the Microsoft Corporation (NASDAQ: MSFT) Kinect for $149.99.

Reuters:   Connecticut is leading a multi-state investigation into how Google Inc. (NASDAQ: GOOG) wound up getting personal data from WiFi networks when it was creating Google Maps’  Street View feature.

Reuters:   Reuters:   Drugmaker Biovail plans to buy Valeant in $3.3 billion deal

Reuters:   BA cut a deal to fund its pension fund to close its merger with Iberia.

WSJ:   A battle at the G20 will put the US’s desire for stimulus spending against the EU’s plans for austerity.

WSJ:   Several firms are in a race to build the next search engine to compete against Google Inc. (NASDAQ: GOOG).

WSJ:   The FCC is in talks with phone and cable companies about new internet rules.

WSJ:   Regulators found cracks in Boeing (NYSE: BA) 767s.

WSJ:   A drilling ban is hurting Louisiana’s economy.

WSJ:   Another Toyota Motor (NYSE: TM) plant in China was closed by labor unrest.

WSJ:   Target (NYSE: TGT) will offer 5% discounts to its credit card holders who buy in its stores.

NYT:   A Times poll found many people unhappy about Obama’s response to unemployment and the Gulf oil spill.

NYT:   Companies that export to China should be helped by the nation’s action on the yuan.

FT:   The Fed said pay plans for banks are insufficient to cut risk.

FT:   Funds in the Middle East are putting money into the AgBank IPO.

Bloomberg:   A UK austerity plan may increase economic growth

Bloomberg:   Japan said it will balance its budget by 2020.

Bloomberg:   China is replacing workers with machines as employment costs rise.

Bloomberg:   Samsung plans to double its cellphone market share.

Douglas A. McIntyre

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