Media Digest 5/23/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Auto dealers will not be subject to new financial regulations.

Reuters:   The FCC said AT&T Inc. (NYSE: T) could buy assets from Verizon Communications Inc. (NYSE: VZ).

Reuters:   Firm iFixit says the Apple Inc (NASDAQ: AAPL) iPhone 4 has chips from Samsung, ST Microelectronics, and Micron Technologies (NYSE: MU).

Reuters:   BA has set a deal on pension funds to clear the way for its merger with Iberia.WSJ:   The plan for a bank tax to cover future financial meltdowns is gaining among G20 nations.

WSJ:   Investors are buying homes in Las Vegas and Phoenix.

WSJ:   The outlook for home prices got worse.

WSJ:   Lockheed won another large defense contract.

WSJ:   The recession has kept people in cities according to the Census Bureau

WSJ:   A Honda Motors (NYSE: HMC) plant in China shut down again because of a strike.

WSJ:   The head of Nissan made nearly $10 million last year.

WSJ:   A judge overturned a ban on deepwater drilling.

WSJ:   US travel spending was up in Q1, according to the Commerce Department.

WSJ:   Walt Disney (NYSE: DIS) will begin to build luxury homes in Florida.

WSJ:   The Administration set up inter-agency programs to combat online hacking.

WSJ:   GM will set up a unit in South America.

WSJ:   Procter & Gamble (NYSE: PG) will increase its business operations in India.

NYT:   Robert Dudley of BP plc (NYSE: BP) will take over the company’s work on the Gulf spill.

NYT:   Banks have paid back 75% of the government’s investment, according to Geithner’s testimony to the Congressional Oversight Panel

NYT:   The UAW is challenging Toyota (NYSE: TM) labor practices.

FT:   Petrobras will postpone its $25 billion IPO.

Bloomberg:   Bernanke says the US economy could be helped by a stronger yen.

Bloomberg:   Trading volatility in Research In Motion (NASDAQ: RIMM) has increased due to threats from Apple and Android.

Douglas A. McIntyre