Media Digest 5/26/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

May 26, 2010 by Douglas A. McIntyre

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