Media Digest 7/7/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: BP plc (NYSE: BP) shares have recovered as a relief well nears the leak.
Reuters: Saudi investors are seeking a 10% to 15% stake in BP.
Reuters: Microsoft Corporation (NASDAQ: MSFT) will cut a small number of jobs.
Reuters: Borders launched an e-book store.
Reuters: Sony (NYSE: SNE) cut its e-reader price to better compete with the Amazon.com (NASDAQ: AMZN) Kindle and Barnes & Noble (NYSE: BKS) NookReuters: Google Inc.’s (NASDAQ: GOOG) China website is being reviewed by the government.
Reuters: China’s AgBank priced to be the largest IPO in history.
Reuters: ICBC, one of China’s largest banks, may raise more money.
Reuters: KKR will probably launch its IPO in mid-July.
WSJ: Job benefits may cause the jobless to “pickier” in the job searches.
WSJ: Steel production in falling, a sign that the economy is slowing.
WSJ: Apple Inc (NASDAQ: AAPL ) said an app developer fraudulently set up several hundred iTunes accounts.
WSJ: Japanese companies are redesigning products for emerging markets.
WSJ: Google has increased its efforts to get more marketshare for its Chrome browser.
WSJ: BP plc said it will not issue new equity.
WSJ: VW added to its stake in Porsche.
WSJ: The Obama home energy efficiency program may cause problems for real estate investors.
WSJ: The UK is cutting its budget while the US is considering increasing its spending plan.
WSJ: The EU said Monsanto cannot stop Argentine farmers who export seed with the company’s patented formula to Europe.
WSJ: AT Kearny and Booz called off merger talks.
WSJ: European governments are selling more property to bring in money.
NYT; India is expanding its role as a drugmaker.
NYT: UK inflation could hurt that nation’s recovery.
FT: The Walt Disney Company (NYSE: DIS) will expand its language schools in China.
FT: The earnings for global investment banks will drop sharply.
Bloomberg: Samsung posted a record profit on chip sales.
Bloomberg: China will put a resource tax on oil, gas, and coal on western sections of the country.
Bloomberg: Microsoft Xbox sales probably broke $1 billion in the company’s last fiscal year.
Douglas A. McIntyre