Media

Media Digest 5/7/2010

Reuters:   Stocks fell in Asia and Europe as the pound and euro fell.

Reuters:   The GOP’s attempt to kill a consumer watchdog program was not successful.

Reuters:   The Goldman Sachs Group (NYSE: GS) is in settlement talks with the SEC.

Reuters:   Nasdaq named stocks on which it will cancel trades.

Reuters: American International Group (NYSE: AIG) fired The Goldman Sachs Group as its main adviser.

Reuters:   Oil is down $10 in the last week.

Reuters:   Oil lobbying money is unlikely to help BP plc (NYSE: BP)

Reuters:   Advanced Micro Devices (NYSE: AMD) chips will be in a growing number of computers this summer.

Reuters:   Blackstone, THL, and TPG will try to buy Fidelity National Information Service Inc (NYSE: FIS)

WSJ:    The Minerals and Management Service was lax in regulating the oil industry.

WSJ:   A number of high frequency trading firms stopped activity as the market plunged.

WSJ:   Goldman Sachs and the SEC are in settlement talks.

WSJ:   The plan to audit the Fed was killed in the Senate.

WSJ:   The Greek parliament approved a bailout.

WSJ:   Simon Property Group Inc upped its bid for General Growth Properties Inc.

WSJ:   The Fed will sell some of its $1.1 trillion in mortgage holdings.

WSJ:   The Public Company Accounting Oversight Board said that Deloitte had missed some details in audits.

WSJ:   MGM posted a huge loss as it wrote down the value of its holdings in the CityCenter resort.

WSJ:   Friends of the car industry attacked a bill on auto safety.

WSJ:   The VIX hit a 2010 high.

WSJ:   A high-speed trading glitch cost investors billions.

WSJ:   Loans at high risk made in foreign currencies are exposed by problems in Eastern Europe.

WSJ:   China’s use of oil and coal jumped 24% in Q1.

WSJ:   AIG dismissed Goldman as its adviser.

FT:   The Bank of Japan put huge amounts of money into the system to increase liquidity as market fell.

FT:   Immelt of GE joined  Berkshire Hathaway (NYSE: BRK.B) in backing Wall St.

Bloomberg:   The supply of Apple Inc. (NASDAQ: AAPL) iPads in its stores is falling sharply.

Bloomberg:  Calpers voted to split the chairman and CEO jobs at Goldman.

Douglas A. McIntyre

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