Media Digest 5/28/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
May 28, 2010 by Douglas A. McIntyre
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
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