Media Digest 4/30/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

WSJ:  Warren Buffett intends to discuss his investment in Goldman Sachs Group (NYSE: GS) at the Berkshire Hathaway (NYSE: BRK.B) annual meeting.

Reuters:   Federal authorities have started a criminal probe into Goldman.

Reuters:   The government is upping efforts to contain the oil spill.

Reuters:   UAL (NASDAQ: UAUA) and Continental (NYSE: CAL) will merge.

Reuters:   Greece is preparing an austerity plan.

Reuters:   Research-in-Motion (NASDAQ: RIMM) broke into the top five handset markets in the world as have  Nokia oy (NYSE: NOK), Samsung, LG, and Sony Ericsson.

Reuters:   Oil moved back above $85.

WSJ:   Steve Jobs of Apple (NASDAQ: AAPL) said that Adobe (NASDAQ: ADBE) Flash is unfit for the iPhone.

WSJ:   The Bank of Japan ended a forecast of deflation.

WSJ:   The credit defaults swaps figure on the UK is rising.

WSJ:   Spain’s unemployment hit 20%.

WSJ:   A Dendreon (NASDAQ: DNDN) treatment for prostate cancer got FDA approval.

WSJ:   Microsoft (NASDAQ: MSFT) put its tablet computer on hold.

WSJ:   Wynn (NASDAQ: WYNN) will move its headquarters to Macau.

WSJ:   Google (NASDAQ: GOOG) will show its TV software in May.

WSJ:   Hewlett-Packard (NYSE: HPQ) has decided to go after the consumer and business markets.

WSJ:   Apple (NASDAQ: AAPL) app developers have begun to work on software for outside the US.

WSJ:   Starbucks (NASDAQ: SBUX) is starting to sell its Via instant coffee in thousands of grocery stores.

WSJ:   Procter & Gamble (NYSE: PG) is becoming more aggressive on pricing.

WSJ:   The profits at China’s banks are rising.

WSJ:   Demand for Italian debt is strong.

WSJ:   S&P says Europe banks face more bad real estate loans.

NYT:   The ECB may have to raise rates to prevent inflation.

NYT:   The US outlined plans to battle labor law violations.

FT:   Greece agreed to a 24 billion euro austerity package with includes a VAT.

FT:   The CFTC fined Morgan Stanley (NYSE: MS) over trading abuse on oil and metals.

FT:   Some regulators want to stop the growth of the $1 trillion carry trade.

Bloomberg:   New Apple iPhones may do video calls.

Bloomberg:   “Decisions by U.S. homeowners to walk away from mortgages they can afford account for an increasing share of defaults, according to Morgan Stanley.”

Douglas A. McIntyre