Media Digest (91/17/2010) Reuters, WSJ, NYT, FT, Bloomberg

The GM IPO may be the largest in US history (Reuters)

Fed officials defended their plan to lower rates (Reuters)

Bonds issues by Ireland may have great value in the case of a bailout (Reuters)

The FDIC began to look into illegal activity in the shuttering of 50 banks (Reuters)

Oil and gold moved lower on concerns about China and global financial disruption. (Reuters)

Hewlett-Packard (NYSE: HPQ) must release earnings that show its growth on path. Dell (NASDAQ: DELL) needs numbers that show better margins (Reuters)

India and Research In Motion (NASDAQ: RIMM) are closer to a deal about how corporate e-mail is handled in the country. (Reuters)

An analysts testifying for SAP said Oracle (NASDAQ: ORCL) should get no more than $40.6 million in the trial between the two (Reuters)

Chrysler is set for a 2011 IPO. (Reuters)

Walmart (NYSE: WMT) is closer to a buyout of Indonesia’s Matahari (Reuters)

A huge Ireland bailout is close to fruition (WSJ)

States are not able to borrow money in some cases–a road map for the federal government (WSJ)

The EDA is set to approve a lupus drug from GlaxoSmithKline and Human Genome (WSJ)

Roche will cut 4,800 jobs. (WSJ)

The IRS ended its case against UBS (NYSE: UBS) (WSJ)

Apple (NASDAQ: AAPL) approved a Google (NASDAQ: GOOG) iPhone app. (WSJ)

Microsoft (NASDAQ: MSFT) said the company will not be broken up (WSJ)

Nokia (NYSE: NOK) will use its own software OS and not Google’s Android (WSJ)

Geithner said there would be a deal on Bush tax cuts soon (WSJ)

EU banks hold large numbers of loans from Irish banks (WSJ)

The FDA may bar caffeine in alcohol drinks (WSJ)

Profits at Walmart and Home Depot (NYSE: HD) rose. (WSJ)

Boeing (NYSE: BA) said it had not firm plans to test its 787 (WSJ)

Yahoo! (NASDAQ: YHOO) has will start tests of local online stores (WSJ)

States have begun to put pressure on lenders to modify mortgages to prevent a spread of the documentation crisis (WSJ)

Inflation is likely to stay low due to unemployment (WSJ)

Junk bonds have been hurt by concerns about Ireland (WSJ)

The sale of commercial properties has become harder (WSJ)

Variable annuity sales are up (WSJ)

Importers and exporters disagree with currency policies for China (NYT)

Boeing (NYSE: BA) and Airbus do not want to re-tool old models if they can sell new ones (NYT)

UN muni bonds dropped the most in two years (FT)

A sugar sell-off helped ease commodity prices (FT)

Aid to Ireland will probably not be a full-scale bailout (FT)

Cheap money from the Fed may cause US companies to invest abroad (Bloomberg)

Douglas A. McIntyre