Media Digest 5/28/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

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Reuters:   Ford Motor (NYSE: F) may kill the Mercury  brand.

Reuters:   Apple Inc. (NASDAQ: AAPL) is finding a flood of Asian buyers for the iPad.

Reuters:   Prudential plc is in talks with American International Group Inc (NYSE: AIG) to cut the price of AIA.

Reuters:   The euro dropped again as short covering stopped.Reuters:   Gold fell as investors moved to stocks.

Reuters:   Nokia oy (NYSE: NOK) and Opera support Adobe Inc.’s (NASDAQ: ADBE) Flash format.

Reuters:   Opera says it has 2.6 million downloads on iPhone.

Reuters:   Wall St. is debating the eventual fate of Walt Disney Co.’s (NYSE: DIS) ABC unit.

WSJ:   Royal Dutch Shell (NYSE: RDS) bought natural gas firm East Resources for $4.7 billion.

WSJ:   Greece still may have to restructure its debt.

WSJ:   The CEOs of Continental (NYSE: CAL) and UAL, Inc (NASDAQ: UAUA) are pushing the merger.

WSJ:   The UAW wants new concessions from The Big Three.

WSJ:   Google Inc.’s (NASDAQ: GOOG) Android, being put on many tablet PCs is a rival to the iPad.

WSJ:   The BP spill is now bigger than the Exxon Valdez.

WSJ:   The FDA may levy penalties on Johnson & Johnson Inc (NYSE: JNJ) for its handling of children’s drugs.

WSJ:   Motorola Inc (NYSE: MOT) is raising its reliance on Verizon Wireless and Android.

WSJ:  Pequot Capital paid $28 million in fines for insider trading.

WSJ:   Large investment banks are competing for the business to take GM public.

WSJ:   Time Warner,Inc. (NYSE: TWX) needs to be more aggressive with digital content.

NYT:   Ford  is will improve fuel mileage to improve Explorer sales.

NYT:   A strike in China is forcing Honda Motor (NYSE: HMC) to close a plant.

NYT:   Geithner says the global financial overhaul must vary by nation.

NYT:   Spain narrowly approved austerity measures.

FT:   Goldman Sachs Group (NYSE: GS) is trying to settle with the SEC on acceptance of a lesser offense.

FT:   China’s national fund is concerned about shaky European finances.

FT:   Congress dealt a setback to EADS plans to bid for an Air Force tanker project.

Bloomberg:   Bond sales have dropped to their lowest level since 2000 as spreads have widened.

Douglas A. McIntyre