Media Digest 5/13/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

NYT:   NY Attorney General is investigating eight banks for allegedly providing misleading information about mortgage instruments to rating agencies: The Goldman Sachs Group (NYSE: GS), Morgan Stanley(NYSE: MS), Deutsche Bank (NYSE: DB), UBS (NYSE: UBS), Credit Suisse (NYSE: CS), Merrill Lynch,  Credit Agricole, and Citigroup (NYSE: C).

Reuters:   SAP (NYSE: SAP) will buy Sybase for $5.8 billion.

Reuters:   Spain joined the austerity program of weak European economies.

Reuters:   Foreclosures in the US leveled in April.

Reuters:   Gold hit a //new record and the gold ETF hit an all-time high.

Reuters:   Microsoft Corporation (NASDAQ: MSFT) launched a new version of Office to compete with Google Inc. (NASDAQ:GOOG)

Reuters:   Ford Motor Company (NYSE: F), Mazda, and a local partner will dissolve a partnership in China.

WSJ:   The probe of Wall St. moved to include possible criminal charges against JP Morgan Chase & Co. (NYSE: JPM), Citigroup, Deutsche Bank, and UBS.

WSJ:   Many firms which were once bankrupt are becoming good investments.

WSJ:   Greek shippers have not been hurt by the country’s economy.

WSJ:   Problems in Europe may delay Fed rate hikes.

WSJ:   The American International Group Inc (NYSE: AIG) is probing the sale of CDOs.

WSJ:   Sony (NYSE: SNE) expects to return to a profit.

WSJ:   International Business Machines (NYSE: IBM) is increasing its reliance on software.

WSJ:   Sprint-Nextel’s (NYSE: S) first 4G phone will be for sale in June.

WSJ:   GM may put its OnStar service on Google phones.

WSJ:   There were early warnings of the explosion on the Deepwater Horizon.

WSJ:   Cisco, Inc’s (NASDAQ: CSCO) net rose sharply.

WSJ:   Green Mountain bought Diedrich Coffee.

WSJ:   Fear about the economy has driven stocks down.

WSJ:   The International Energy Agency dropped its oil demand forecasts.

WSJ:   The IMF bailout suggests that Europe went to the lender of last support.

NYT:   Sony’s (NYSE: SNE) annual loss fell.

NYT:   The UAW wants to share in the success of the profits of American car companies.

NYT:   BP plc (NYSE: BP) may be closer to capping the leak in the Gulf.

FT:   Documents show that BP plc and Transocean Ltd (NYSE: RIG) missed warning signs on the Deepwater Horizon.

FT:   The deal for Prudential UK to buy AIA is back on track.

FT:   Facebook is facing more privacy issues.

Bloomberg:   US home foreclosures reached a record.

Bloomberg:   HTC filed more patent lawsuits against Apple Inc. (NASDAQ: AAPL)

Bloomberg:   The iPad has drawn interest from China Mobile (NYSE: CHL) and China Unicom (NYSE: CHU)

Douglas A. McIntyre