Media Digest (5/18/2010) Reuters, WSJ, NYTimes, FT, Bloomberg

May 18, 2010 by Douglas A. McIntyre

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

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here
you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.


Click here
to match with up to 3 financial pros who would be excited to help you make financial decisions.