Media Digest 7/13/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

MarketWatch:   Moody’s downgraded Portugal two notches to A1

Reuters:   BP plc (NYSE: BP) will test a new oil cap in place.

Reuters:   The Wall St. reform bill is nearing a final vote

Reuters:   Most Americans lack faith in Obama.

Reuters:   American International Group’s (NYSE: AIG) board will meet to determine plans for AIA.Reuters:   Microsoft Corporation (NASDAQ: MSFT) said that PC-based tablets will be better than the Apple Inc. (NASDAQ: AAPL) iPad.

Reuters:   Avis-Budget (NYSE: CAR) topped the bid of Hertz (NYSE: HTZ) to buy Dollar-Thrifty.

WSJ:   A new oil drilling ban will hurt the industry.

WSJ:   Consumer Reports put out a bad review of the iPhone 4.

WSJ:   Slow business access to credit hurts the economy.

WSJ:   The US subpoenaed Wall St banks on mortgage securities.

WSJ:   Hewlett-Packard (NYSE: HPQ), Dell Corporation (NYSE: DELL), and Fujitsu LTD will sell Microsoft’s new Azure cloud computing product.

WSJ:   The growth in China’s property market slowed.

WSJ:   GlaxoSmithKline (NYSE: GSK) may have withheld information about its Avandia drug.

WSJ:   Florida banks want a pass on new government balance sheet regulations.

NYT   Debt collection lawsuits are crowding courts.

NYT:   China factories are competing for labor

FT:   The BP plc spill will cost UK and US in tax receipts.

FT:   Alcoa’s (NYSE: AA) earnings were stronger than expected.

FT:   China put 1 billion euros in Spain’s bonds.

Bloomberg:   Some European banks will dodge new capital rules.

Douglas A. McIntyre