Media Digest 5/26/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: BP plc (NYSE: BP) had warning signs of pressure on its Deepwater Horizon rig.
Reuters: Geithner went to Europe to press for more reform.
Reuters: The Qatar sovereign wealth fund wants to buy shares in Citigroup, Inc (NYSE: C).
Reuters: Oil rose on indications that US supply will tighten.
Reuters: Dell Computer’s (NASDAQ: DELL) tablet PC has launched.Reuters: The government is looking into Apple Inc.’s (NASDAQ: AAPL) tactics in selling music.
Reuters: Blockbuster’s (NYSE: BBI) talks with creditors are in trouble.
WSJ: Bank of America (NYSE: BAC), Citigroup, and Deutsche Bank (NYSE: DB) have cut liabilities temporarily just before reporting earnings.
WSJ: The Fed is fighting more scrutiny, which is a part of financial legislation.
WSJ: Very few lenders will risk putting money into European banks.
WSJ: Hewlett-Packard (NYSE: HPQ) topped International Business Machines (NYSE: IBM) in server sales.
WSJ: Amazon.com (NYSE: AMZN) said its Kindle will continue to focus on being only an e-reader.
WSJ: Video game consoles are threatening pay TV.
WSJ: Medtronic (NYSE: MDT) says its stents perform as well as those sold by Abbott Labs (NYSE: ABT).
WSJ: China’s economic power allows it to buy oil more cheaply than nations in the West.
WSJ: Standard & Poor’s will not set new ratings for US banks until financial reform legislation is set.
NYT: Problems with the European economy may hurt the US economy.
NYT: Nissan says its electric car is sold out for the year.
FT: BP’s chairman has begun to take on US critics.
FT: Asian investors are stepping away from euro bonds.
FT: The cost of swapping euros for dollars rose.
FT: Obama pushed his small business aid plan.
Bloomberg: Italy adopted $30 billion in budget cuts.
Bloomberg: Obama will revamp drilling rules.
Douglas A. McIntyre