Media Digest 6/19/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: A plan to isolate swaps from bank deposit assets will be in the financial reform bill.
Reuters: The Volcker rule would prevent mergers among large banks.
Reuters: Facebook’s 2009 revenue was close to $800 million.
Reuters: Oil traded at $76 and gold near all-time highs.Reuters: China told the G20 not to pressure it on the yuan.
Reuters: A jobs bill was blocked in the Senate.
Reuters: Regulators moved toward a set of broadband rules.
Reuters: Motorola (NYSE: MOT) and Sprint-Nextel (NYSE: S) will sell a Microsoft (NASDAQ: MSFT) Windows powered phone
Reuters: UAL (NASDAQ: UAUA) and Continental Airlines Inc (CAL) said lower cost airlines and foreign competition was a reason for their merger plan.
WSJ: Russian President Medvedev is worried about BP plc (NYSE: BP) and the euro.
WSJ: The Fed’s powers will stay in place under the financial reform plan.
WSJ: Calpers will retain executives to be nominated by the firm for boards which it thinks have poor governance.
WSJ: A fall in consumer prices will hurt profits at many companies.
WSJ: Campbell is recalling 15 million pounds of SpaghettiOs
WSJ: Lockheed Martin is preparing for military budget cuts.
WSJ: Europe agreed to release bank stress tests.
WSJ: There will be a battle over ratings liabilities.
WSJ: Sony Corporation’s (NYSE: SNE) CEO received compensation of $4.5 million.
WSJ: Qualcmm (NASDAQ: QCOM) faces a new EU probe.
WSJ: Motorola will put most of its cash into its handset business when it spins it out and will also reduce its pension liabilities.
NYT: As many as 50,000 Gulf workers could lose jobs with the deepwater drilling moratorium.
NYT: China’s energy plans put the environment way down the list of priorities.
FT: US companies are using cash for share buybacks.
Bloomberg: BP may lose control over its US assets–a third of its revenue.
Bloomberg: Greenspan said the US may soon reach its limit for adding sovereign debt.
Bloomberg: A Toyota Motor (NYSE: TM) plant in China was partly shut by a strike.
Bloomberg: The World Bank said China should use interest rates to manage its growing economy.
Douglas A. McIntyre