Media Digest 5/3/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: UAL (NASDAQ: UAUA) and Continental’s (NYSE: DAL) boards approved a merger.
Reuters: Investors are concerned about the Greek rescue package.
Reuters: Buffett of Berkshire Hathaway (NYSE: BRK.B) defended Goldman Sachs Group (NYSE: GS) and was optimistic about the economy.
Reuters: Oil remained at about $86.
Reuters: Apple (NASDAQ: AAPL) got a good response to sales of its 3G iPad.
Reuters: Investors are looking for Hewlett-Packard’s (NYSE: HPQ) plans for a tablet PC now that its deal to buy Palm (NASDAQ: PALM) has been announced.
Reuters: Microsoft (NASDAQ: MSFT) joined Apple in its criticism of Adobe’s (NASDAQ: ADBE) Flash.
WSJ: Greece said its will support new austerity.
WSJ: Shopping-mall owner General Growth Properties said that it favors a deal by Brookfield as it exits Chapter 11.
WSJ: “The FDIC’s Sheila Bair has urged lawmakers to scrap a controversial Senate plan that would force banks to spin-off their derivatives businesses, saying it could destabilize banks and drive risk into unregulated parts of the financial sector.”
WSJ: Interactive Data may have an LBO backed by Warburg Pincus and Silver Lake.
WSJ: Zale will defer a payment to Citigroup (NYSE: C),
WSJ: The CEO of Sears Holdings (NYSE: SHLD) still has interim status.
WSJ: Auto sales probably rose sharply in April.
WSJ: Apple will kill its Lala.com music service.
WSJ: The advances bought to BP plc (NYSE: BP) by its CEO are being hurt by the Gulf spill.
WSJ: The US military is becoming more active in buying metals in the world markets.
WSJ: Companies are beginning to end salary freezes.
WSJ: Monster (NYSE: MST) sees the job market rebounding.
WSJ: New FCC airwaves auctions could hurt Sirius (NASDAQ: SIRI).
WSJ: Investors still see risks in bonds from Portugal and the UK.
NYT: Deflation could hurt Greece.
NYT: More and more studios and TV producers are offering programming on handsets.
NYT: Media executives are still getting rich pay packages as they cut workers.
NYT: Academics say a Senate financial reform bill addresses the wrong parts of the problem.
NYT: Google’s (NASDAQ: GOOG) YouTube will offer live coverage of sports events.
FT: Goldman Sachs will alter some of its trading packages which may help it settle with the SEC.
FT: Buffett says derivatives legislation could move up costs of financial instruments.
FT: A rally in bonds has pushed junk bonds to near face value.
Bloomberg: Shares in BHP Billiton (NYSE: BHP) and Rio Tinto (NYSE: RTP dropped on a large tax to be imposed on them by Australia.
Douglas A. McIntyre