Media Digest 7/16/2010

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MarketWatch:   AgBank rose after its debut on the Hong Kong market.

Reuters:   Goldman Sachs Group (NYSE: GS) settled with the SEC for $550 million.

Reuters:   BP plc (NYSE: BP) capped the flow of oil into the Gulf of Mexico.

Reuters:   Google Inc. (NASDAQ: GOOG) profits missed targets as expenses rose.

Reuters:   Smartphone sales pushed up results in Q2 for Sony Ericsson.

Reuters:   A recall of the Apple Inc (NASDAQ: AAPL) iPhone is unlikely.Reuters:   Problems in Europe and iPhone sales will hurt results of other smartphone companies.

Reuters:   American Research Group says there is still strong demand for the iPad.

Reuters:   Carlyle Group will buy NBTY (NYSE: NTY) for $3.8 billion.

WSJ:   Bank of America Corporation (NYSE: BAC) will focus on consumer banking as the financial reform bill becomes law.

WSJ:   Citigroup (NYSE: C) disclosed in new public filings how it hid risk.

WSJ:   Apple  management knew of risks that its iPhone 4 would have reception problems.

WSJ:   A WSJ survey shows more economists believe that the economy is improving.

WSJ:   The delivery of the Boeing (NYSE: BA) 787 could be delayed again.

WSJ:   Honda Motor (NYSE: HMC) was hit by another strike in China.

WSJ:   Advanced Micro Devices (NYSE: AMD) posted higher sales.

WSJ:   The auto industry is fighting a new safety bill.

WSJ:   Activision is gambling $100 million on a PC-based game.

WSJ:   Congress approved the financial reform bill.

WSJ:   Fed governor nominees supported policies to drive down unemployment.

WSJ:   China’s yuan policy has changed very little.

WSJ:   Bombardier will compete with Airbus and Boeing in the mid-sized aircraft market.

WSJ:   Johnson & Johnson (NYSE: JNJ) will keep a Tylenol plant shut.

WSJ:   GlaxoSmithKline (NYSE: GSK) will take a $2.4 billion charge for costs related to problems with several drugs.

WSJ:   Gannett’s (NYSE: GCI) earnings may conceal ongoing problems in the newspaper industry.

WSJ:   Improved results of Greek debt issues may mark a turnaround in Europe.

WSJ:   KKR stock fell after its IPO.

NYT:   Banks are trying to change their business models now that the financial overhaul bill is in place.

Blomberg:   Buyers of BP assets many face the legal problems that go with them.

Douglas A. McIntyre