Media Digest (8/4/2010) Reuters, WSJ, NYTime, FT, Bloomberg

MarketWatch:   Toyota Motor (NYSE: TM) upped its full-year forecast

Reuters:   BP plc (NYSE: BP) began the “static kill” of its well in the Gulf.

Reuters:   Japan is worried because the yen is at a 15-year high.

Reuters:   European banks are profiting as bad loans drop.

Reuters:   Barnes & Noble (NYSE: BKS) is up for sale.

Reuters:   Oil fell as US stocks of crude rose.

Reuters:   Research In Motion (NASDAQ: RIMM) released a new phone to compete with the Apple Inc. (NASDAQ: AAPL) iPhone.

Reuters:   Motorola Inc. (NYSE: MOT) and Verizon Communications (NYSE: VZ) will build a tablet PC to rival the Apple iPad. The unit will use Google Inc.’s (NASDAQ: GOOG) Android OSReuters:   Sharp will launch a 3D handset.

Reuters:   Continental Air (NYSE: CAL) and UAL (NASDAQ: UAUA) will release more information on their merger talks.

WSJ:   The sales of electronics are hurting purchases of clothes and consumer appliances says the Commerce Department

WSJ:   The Federal Reserve is foreclosing on certain properties from its Bear Stearns asset portfolio.

WSJ:   Saudi Arabia will shut done some RIM BlackBerry services in a few days.

WSJ:   US car sales were up 5% last month but Toyota sales fell.

WSJ:   Three studies say than banks will not have to cut lending because of new financial regulations.

WSJ:   The FTC will announce a settlement with Intel Corporation (NASDAQ: INTC) over charges it worked to hurt competition.

WSJ:   Baidu Inc (NASDAQ: BIDU) is working to improve its growth.

WSJ:   Republican Senators released a list of 100 items that have failed as part of the stimulus package.

WSJ:   BP plc sold some Colombian assets.

WSJ:   Procter & Gamble (NYSE: PG) earnings were hurt by product promotions.

WSJ:   Dollar Thrifty as Avis Inc (NYSE: CAR) to improve its bid.

WSJ:   Microsoft Corporation (NASDAQ: MSFT) is using data from its China labs to improve a Chinese-English translation tool.

WSJ:   China’s CIC may buy part of Harvard’s real estate investments.

NYT:   About three-quarters of the Gulf oil spill is already dissipating.

NYT:   A National League of Cities survey shows more cities are cutting pay instead of laying of f workers.

NYT;   Germany is experiencing a broad recovery.

FT:   More China banks will trade gold.

Bloomberg:   Facebook says its largest advertisers are increasing their investments by 1000%

Douglas A. McIntyre