Media Digest (3/6/2011) Reuters, WSJ, NYT, FT, Bloomberg
June 6, 2011 by Douglas A. McIntyre
Goldman Sachs (NYSE: GS) may release papers to investigators that show its trading behavior at the start of the credit crisis used flawed math and that the bank did not violate regulations. (WSJ)
The People’s Daily said accusations by Google (NASDAQ: GOOG) that hackers in China attacked its Gmail system may hurt its status in the country.(Reuters)
Steve Jobs will present the new Apple (NASDAQ: AAPL) iCloud product. (Reuters)
Nintendo says its network was hacked by not compromised. (Reuters)
Two senior JP Morgan (NYSE: JPM) officials are expected to leave the firm. (WSJ)
Failed CEOs often find seats on large public company boards. (WSJ)
The International Air Transport Association sharply cut its forecasts of airline profits .(WSJ)
It is now likely that new plans for Greek debt will involve rescheduled payments. (WSJ)
News Corp (NYSE: NWS) is more likely to have a joint venture partner for MySpace than to sell the social network outright. (WSJ)
Assumptions about 2011 corporate earnings may be too high because of the slowdown in the economy. (WSJ)
New cancer research finds that “personalized” therapy has been effective. (WSJ)
Iran may resist plans by Persian Gulf nations to increase oil production. (WSJ)
Portugal voters forced out the leftist party from power. (WSJ)
Egypt will get a $3 billion IMF loan. (WSJ)
Starwood management will push the company’s China plans more aggressively. (WSJ)
MGM China may expand in the nation and in Taiwan . (WSJ)
Fiat made a bid for Canada’s ownership stake in Chrysler. (WSJ)
Ebay’s (NASDAQ: EBAY) Paypal will stop its relationship with Alibaba’s AliExpress. (WSJ)
Engineers are hard to find despite high unemployment in other sectors. (WSJ)
JetBlue (NASDAQ: JBLU) pilots will vote and may become union members. (WSJ)
Bank stocks trade near lows, but some investors expect them to trade much lower (NYT)
Economists are concerned that after a bailout of Greece there will be other actions needed in other parts of Europe soon. (NYT)
Airbus is concerned that nations like China will resist EU plans to make airlines pay for carbon emissions. (FT)
Wool prices have doubled. (FT)
Tens of thousands of Greeks protested new austerity packages which will be part of a new bailout. (FT)
Treasury Secretary Geithner may support Lagarde for IMF chief in exchange for keeping an American as head of the World Bank. (Bloomberg)
A sell-off to tech stocks have taken their valuations to multi-year lows. (Bloomberg)
Prada’s IPO will raise $2.6 billion.
Douglas A. McIntyre
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