Media Digest (5/18/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The US is going to probe the causes of the spill in the Gulf.
Reuters: Blackstone is dropping its bid for Fidelity National.
Reuters: The US and Ireland set a new fly zone to get around volcanic ash.
Reuters: Euro ministers will set details of an anti-contagion plan.
Reuters: Oil hit a five-month low.
Reuters: The euro continued to weaken.
Reuters: Google Inc. (NASDAQ: GOOG) faces a probe over its data collection practices.
Reuters: Macarthur rejected a $3.3 billion takeover bid from Peacock.
Reuters: Lions Gate may negotiate with raider Icahn.
WSJ: Oil companies have set ways to drill deeper wells but have not established safety plans.
WSJ: The “flash crash” has many of the elements of the 1987 drop.
WSJ: The FDIC is taking on millions of worthless bonds as it closes banks.
WSJ: Boeing (NYSE: BA) found another flaw in the design of the 787 Dreamliner.
WSJ: Some people who enter the mortgage modification program deplete their savings trying to make payments.
WSJ: GM reported its first profitable quarter since 2007.
WSJ: MySpace has simplified its privacy settings.
WSJ: Samsung will spend over $15 billion on new factories.
WSJ: GM’s Volt will use the Android OS.
WSJ: The new health insurance program will hurt salespeople who market the products.
WSJ: Google is marketing its services in Africa.
WSJ: The Continental (NYSE: CAL) deal with UAL (NASDAQ: UAUA) faces regulatory hurdles.
WSJ: The FDA is widening its probe of Johnson & Johnson (NYSE: JNJ).
WSJ: Anshan Iron of China will begin to invest in US steel mills.
WSJ: The ECB bought $20 billion in bonds to help the region’s paper.
WSJ: A deflation spectre will keep a cap on interest rates.
WSJ: China was a net buyer of US securities in the first quarter.
NYT: The Senate voted to make sure credit rating companies supply data to borrowers.
NYT: Europe’s debt may have a profound impact on China.
NYT: Europe is closer to voting to restrict hedge fund actions.
NYT: British Air won a court case to block strikes.
FT: Problems with the Eurozone finances drove investors to UK and UK debt.
FT: Japan will launch a solar-powered space craft.
Bloomberg: Vodafone (NYSE:VOD) had an increase in operating profit.
Bloomberg: Google will launch an internet TV product called SmartTV.
Douglas A. McIntyre