Media Digest 8/3/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   BP plc (NYSE: BP) will try to “kill” its well leak by today.

Reuters:   The Fed may buy new mortgage bonds to help the credit system

Reuters:   The US said the United Arab Emirates are setting a bad precedent by shutting down Research In Motion’s (NASDAQ: RIMM) BlackBerry service.

Reuters:   Sanofi-Aventis has made a $19.4 billion offer for Genzyme (NASDAQ: GENZ).

WSJ:   Firms such as Deutsche Bank (NYSE: DB) created and sold mortgage securities and advised other clients to bet against them.

WSJ:   Relational Investors and CalSTRS will try to get a seat on the Occidental Petroleum (NYSE: OXY) board.

WSJ:   Kinross Gold Corp and Red Back Mining Inc will merge to create a gold company giant.

WSJ:   The CT attorney general will probe the pricing between (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) and their e-book publisher partners.

WSJ:   A lawsuit filed against Toyota Motor (NYSE: TM) says that the car company knew about unsafe vehicles.

WSJ:   Incentives pushed up July car sales.

WSJ:   The Institute for Supply Management index dropped in July.

WSJ:   Wheat prices are up on low supplies from Russia.

WSJ:   Offshore oil regulations could hurt companies with old rigs.

WSJ:   The government says 4.9 million barrels of oil leaked into the Gulf from the BP plc spill.

WSJ:   Allergan sales were helped by Botox revenue.

WSJ:   GE (NYSE: GE) and Intel Corporation (NASAQ: INTC) will create a joint healthcare venture.

WSJ:  The European Central Bank cut its purchases of government bonds.

WSJ:   CBS (NYSE: CBS) and Comcast (NASDAQ: CMCSA) reached a deal on carriage fees for the next ten years.

FT:   The Gulf spill was the worst ever.

Bloomberg:  BMW posted it largest profit in almost three years on sales of its 5-series.

Bloomberg:   Greece passed its first deficit test.

Douglas A. McIntyre

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