Media

Media Digest 4.29.2011 Reuters, WSJ, NYT, FT, Bloomberg

Nasdaq (NASDAQ:NDAQ) and ICE may make a hostile bid for NYSE Euronext (NYSE: NYX) (Reuters)

Silver and gold are near all-time highs (Reuters)

The House Budget Chair favors a cut in oil subsidies (Reuters)

Dow Transports hit an all-time high (Reuters)

Brent dropped below $125 on concerns about US growth (Reuters)

Central banks have started different approaches to curb inflation (Reuters)

Microsoft (NASDAQ: MSFT) earnings rose, but Windows sales fell along with the company’s stock (Reuters)

ZTE will sue Huawei over 4G technology patents (Reuters)

Blackstone (NYSE: BX) and Callaway (NYSE: ELI) may put together a deal to buy Fortune Brands (NYSE: FU) (Reuters)

US government officials have shown no sign of alarm about the drop of the dollar (Reuters)

Long term inflation measures show belief that the Federal Reserve can keep prices in check (Reuters)

Banks are already revamping flawed mortgage loan practices (Reuters)

Chip maker Samsung’s profits fell 30%

Research In Motion (NASDAQ: RIMM) revised its growth forecast lower (WSJ)

Chrysler plans to repay loans to the US and Canada (WSJ)

Royal Dutch Shell and Exxon Mobil profits moved sharply higher (WSJ)

Parts shortages from Japan will cause higher prices for some cars and electronics (WSJ)

A growth in the difference in jobs between the strong and weak nations of the EU may make it harder for the ECB to tighten rates (WSJ)

The World Bank suggested China revalue the yuan (WSJ)

The Administration wants to tighten rules about how food companies can market products high in fat, sodium and sugar (WSJ)

Profits announced so far indicate that S&P 500 companies may set a record quarter (WSJ)

A rise in the costs of goods will harm Procter & Gamble (NYSE: PG) margins if it cannot raise retail prices (WSJ)

Judges examining foreclosure practices have not seen an improvement (WSJ)

A US approval of the AT&T (NYSE: T) plan to buy T-Mobile may open a route for Verizon Wireless to buy Sprint-Nextel (NYSE: S) (WSJ)

The FTC will try to limit food ads aimed at children (NYT)

Trouble with China’s truck transportation system may hurt exports (NYT)

Natural gas prices and resistance because of the Japan quake have slowed efforts to build reactors in the US (NYT)

The yuan moved past 6.5 per dollar for the first time since 1993. (Bloomberg)

Douglas A. McIntyre

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