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