Media Digest (5/11/2010) Reuters, WSJ, NYTimes, FT, Bloomberg

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Reuters:  Doubts about the EU plan drove markets down.

Reuters:   SEC and the exchanges will boost market rules to prevent huge sell-offs.

Reuters:   A Fed official said nations must rebalance their inward and outward capital flows.

Reuters:   Fannie Mae (NYSE: FNM) asked for $8.4  billion.

Reuters:   Oil moved down on signs of  China inflation.

Reuters:   Google Inc. (NASDAQ: GOOG) took the number two spot in smartphone operating systems from Apple Inc. ( NASDAQ: AAPL)

Reuters:   TV executives are arguing with cable companies about fees for programming.

Reuters:   Icahn boosted his stake in Motorola (NYSE: MOT)

WSJ:   BP, plc (NYSE: BP), Halliburton (NYSE: HAL), and Transocean (NYSE: RIG) are blaming each other over why a cement plug was not put into the drill hole on the Deepwater Horizon.

WSJ:   Universe Investments made a bearish bet that could have triggered the market slide.

WSJ:   Toyota Motor (NYSE: TM) expects a large full-year profit.

WSJ:   The war of words between WellPoint and Obama grew.

WSJ:   Senators may vote for a ban on proprietary trading.

WSJ:   China’s inflation accelerated.

WSJ:   Sprint – Nextel(NYSE: S) killed plans for a Google Inc. (NASDAQ: GOOG) Nexus One handset

WSJ:   American International Group Inc. (NYSE: AIG) and Prudential plc are talking about a revise plan for the sale of AIA.

WSJ:   UAL Inc. (NYSE: UAUA) said April revenue rose 23%.

WSJ:   Homeowners are defaulting in some cases because of despair and hopelessness.

WSJ:   Toyota will face questions about an earlier recall for steering problems.

WSJ:   Yahoo Japan will start a service like Ebay Inc. (NYSE: EBAY).

WSJ:   Pay cuts at Sony Inc. (NYSE: SNE) are helping the firm’s profit.

WSJ:   The head of Abercrombie & Fitch (NYSE: ANP) made $36.3 million.

WSJ:   GM may report a first quarter profit.

WSJ:   The Goldman Sachs Group (NYSE: GS) has long had conflicts with clients.

WSJ:   Moody’s (NYSE: MCO) faces government action over mortgage ratings.

WSJ:   The Treasury announced $56 billion in auctions.

WSJ:   The $1 trillion plan in Europe is leading to a tight federations and austerity.

NYT  The EU plan for putting money up for troubled economies is drawing criticism.

NYT:   European budget deficits will not be helped by the $1 trillion bailout.

NYT:   Toyota Motor reported at $2.2 billion profit.

NYT:   A start-up will sell genetic tests in stores.

FT:   Goldman made money every day in the last quarter on proprietary trading.

Bloomberg:   Apple Inc.’s (NASDAQ: AAPL) Steve Jobs is “fully operational” a year after surgery.

Bloomberg:   Toyota forecast a higher profit.

Bloomberg:   Yahoo! Inc (NASDAQ: YHOO) is gaining search share on a slide show feature.

Douglas A. McIntyre