Media Digest (8/20/2010)

Reuters:   Korean National Oil made a bid for UK firm Dana Petroleum

Reuters:   Dell (NASDAQ: DELL) and Hewlett-Packard (NYSE: HPQ) shares dropped on concern about a tech slowdown.

Reuters:   Potash (NYSE: POT) is looking for a higher bid than the one made by BHP Billiton (NYSE: BHP)

Reuters:   An Indian executive says that a solution to solve Research In Motion (NASDAQ: RIMM) Blackberry problems as to come from the Canadian company.

Reuters:   The CBO forecast a harsh economy for the next several years.

Reuters:   The Defense Department is looking at tech to improve efficiency.

Reuters:   Alliance Medical may be for sale.

Reuters:   Three US share gas firms are for sale.

WSJ:   The FAA will hit AMR (NYSE: AMR) will $25 million in penalties for maintenance issues.

WSJ:   Apple Inc (NASDAQ: AAPL) will shut down its Quattro wireless advertising network

WSJ:   Barnes & Noble (NYSE: BKS) named the directors it will nominate for election.

WSJ:   Intel (NASDAQ: INTC) will buy McAfee (NYSE: MFE) to move into hardware and software security.

WSJ:   LG is prepared to launch Optimus handsets and tablets.

WSJ:   Lenovo moved from a loss to a profit.

WSJ:   A huge oil slick from the BP plc (NYSE: BP) leak still exists.

WSJ:   The jobs crisis is Greece is worsening with the recession

WSJ:   China is investing more in Asia to cut its reliance on the dollar.

WSJ:   The Treasury will sell $194 billion in new paper

WSJ:   Mortgage rates hit another all-time low.

NYT:   Those who make settlements with the BP plc $20 billion escrow fund may have to waive the right to sue later.

NYT:   People magazine subscribers will get free access to content on the Apple Inc (NASDAQ: AAPL) iPad.

NYT:   Cymbalta, a drug made b y Eli Lilly (NYSE: LLY) can now be used for pain treatment

FT:   Emerging economies have changed the dynamics of global oil demand.

Bloomberg:   Honda Motor (NYSE: HMC) plants in the US are helping cut its problems with sales hurt by the yen.

Douglas A. McIntyre