Media Digest 4/23/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   The push for a stronger yuan has been modest at the G20 meetings.

Reuters:   A Goldman Sachs Group (NYSE: GS) Director Rajat Gupta told hedge fund billionaire Raj Rajaratnam about a $5 billion investment in Goldman by Berkshire Hathaway (NYSE: BRK.B)

Reuters:   Morgan Stanley (NYSE: MS) has gotten an extension on loans it made on hotels in Japan.

Reuters: Worries about a Greek default hurt European stocks.

Reuters:   Research in Motion (NASDAQ: RIMM) is expected to launch new handsets.

Reuters:   Government watchdogs are keeping an eye on Facebook privacy policies.

WSJ:   Goldman’s approach to customers is drawing scrutiny in Germany.

WSJ:   A Senator attacked GM for saying it was repaying the government out of earnings and not a government escrow account.

WSJ:   Increases in raw goods due to demand in Asia are hurting corporate profits and increasing consumer prices.

WSJ:   Sales of Windows 7 pushed up earnings at Microsoft (NASDAQ: MSFT).

WSJ:   Amazon (NASAQ: AMZN) sales moved up sharply.

WSJ:   Geely, which bought Volvo, will market a large number of new models.

WSJ:   Improving consumer balance sheets helped the earnings of American Express (NYSE: AXP) and Capital One (NYS: COP)

WSJ:   US Airways (NYSA: LCC) walked away from talks with UAL (NASDAQ: UAUA).

WSJ:   Home sales rose last month.

WSJ:   SEC staffers have been searching the internet for porn.

WSJ:   The final fight over a financial reform bill will happen soon.

WSJ:   Traders are gambling on a Greek default.

WSJ:   China is opening an investigation of possible dumping by  fiber and chemicals by US and UK firms in a trade dispute.

WSJ:   CenturyTel agreed to buy Qwest (NYSE: Q) for $10.4 billion.

WSJ:   Verizon (NYSE:VZ) had trouble adding new wireless users.

WSJ:   Redbox and the film industry set new rules for release dates.

NYT:   Some bankers were worried about the Abacus deal.

NYT:   E-mails show credit rating employees were concerned about how ratings were handled.

FT:   Goldman Sach’s role in the Lloyds refinancing is being questioned.

FT:   California is examining the role of CDS in the credit crisis.

Bloomberg:   Greece may try to get a bridge loan to cover obligations during the next several months.

Bloomberg:   UAL (NASDAQ: UAUA) and Continental (NYSE: CAL) are considering an all-stock merger.

Douglas A. McIntyre

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