Media Digest 5/25/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Stocks around the world continue to fall on euro concerns.

Reuters:   The bailout of Spanish banks is not over.

Reuters:   S&P says a “herd” mentality could drive European stocks down.

Reuters:   The IMF says that Spain must make further reforms.

Reuters:   Rep Frank will help craft the final version of the financial reform bill.Reuters:   Nokia oy (NYSE: NOK) and Yahoo! Inc. (NASDAQ: YHOO) have set a JV for mobile phone software.

Reuters:   WaMu bond holders object to new bankruptcy plans.

Reuters:   The head of Prudential plc says shareholders support the AIA takeover.

WSJ:   Oil came ashore as federal officials said they must rely on BP plc to fix the leak.

WSJ:   The borrowing costs for European banks are rising quickly.

WSJ:   Walt Disney (NYSE: DIS) is  ending talks to sell Miramax

WSJ:   Microsoft Corporation (NASDAQ: MSFT) expects to shake up the management of its device division.

WSJ:   Junk rated firms cannot raise money.

WSJ:   More people are quitting their jobs, according to the BLS,.

WSJ:   Cities and states are still struggling with budget loads.

WSJ:   Intel (NASAQ: INTC) offered low-powered chips with higher computing power.

WSJ:   BP will end the use of chemicals to break up the spill.

WSJ:   China’s CITIC plans a bond sale.

WSJ:   The UK faces the largest debt hurdle in Europe.

WSJ:   The NFL failed to get antitrust immunity.

WSJ:   Clinton and Geithner are up against resistance in China talks.

WSJ:   There are plans to revive carbon trading.

FT:   The head of the American International Group (NYSE: AIG) may quit over the Prudential plc deal.

FT:   US regulators may force changes in the telecommunications act.

FT:   The EU may set levies to cover future bank failure costs.

Bloomberg:   British Airways has cut more flights.

Douglas A. McIntyre