Media Digest (8/2/2010) Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   BP plc (NYSE: BP) has made final plans to plug its well.

Reuters:   The dollar index fell to a three-month low due to a slowing economy.

Reuters:   Goldman Sachs Group (NYSE: GS) defended its collateral calls on American International Group (NYSE: AIG).

Reuters:    Research In Motion (NASDAQ: RIMM) BlackBerry users in UAE and Saudi Arabia may have their service cut.

Reuters:   E-book sales are up at Random House.

Reuters:   A Chinese wind turbine company will try to complete a US IPO.

Reuters:   Japan’s ANA will seek money from international partners to set up a low-cost airline.

WSJ:   Large investors have begun to prepare for deflation.

WSJ:   Manufacturing grow slowed in China.

WSJ:   A new KMPG study shows companies cautious about hiring.

WSJ:   UBS (NYSE: UBS) will make a push into the US mortgage market.

WSJ:   Google Inc (NASDAQ: GOOG) says it does not know if a recent outage was caused by China.

WSJ:   Massey is being investigated for turning off mine monitors.

WSJ:   Dodd asked Sheila Bair of the FDIC to see if she would run a new consumer protection agency.

WSJ:   The benefits of inventory growth are nearly over putting pressure on consumer spending to help the recovery.

WSJ:   Homeowners are looking for government-subsidized tenants.

WSJ:   Oil safety equipment makers are being helped by the Gulf disaster.

WSJ:   Higher profits are helping finance share buybacks

WSJ:   Audi’s profits doubled.

WSJ:   Qualcomm (NASDAQ: QCOM) set a joint venture to build wireless networks overseas.

WSJ:   Altria’s (NYSE: MO) earnings could be hurt by a slide in the sale of Marlboro cigarettes.

NYT:   Chinese state-owned companies are bidding up real estate prices.

NYT:   An effort by the Administration to raise exports is faltering.

NYT:   Tumblr is a new rival to Facebook and Twitter.

NYT:   NewsBasis will try to connect reporters and PR people.

FT:   The US may intervene in home loans.

FT:   There may be a move to cut off BP deepwater drilling near Libya.

FT:   Growth in Vietnam and India may offset a slowdown in China.

FT:   Problems with the global supply chain could curb international growth.

Bloomberg:   Banks in Europe face refinancing of $122 billion in debt.

Bloomberg:   AT&T (NYSE: T) and Verizon Wireless are setting a venture to compete with Visa (NYSE: V) and MasterCard (NYSE: MA) for online billing.

Douglas A. McIntyre