Media Digest 2/2/2011 Reuters, WSJ, NYT, FT, Bloomberg

BP plc (NYSE: BP) may face US charges that it manipulated gas prices. (Reuters)

Roche said that regulations in the US could harms its results. (Reuters)

Borders Group (NYSE: BGP) may file for bankruptcy soon. (Reuters)

Brent crude hit a 28 month high. (Reuters)

US stocks reached 30 month highs. (Reuters)

Cable TV earnings are likely to help Time Warner (NYSE: TWX) and News Corp (NYSE: NWS) quarterly results. (Reuters) (NASDAQ: AMZN) will launch a streaming media service. (FT)

Sanofi-Aventis will buy Genzyme (NASDAQ: GENZ) for over $70 and will offer a payout if a drug in trials is successful. (Reuters)

Wall St compensation reached $135 billion in 2010. (WSJ)

Gap (NYSE: GPS) will name a new head of its North American unit. (WSJ)

An improvement in the earnings at Hilton will help Blackstone’s (NYSE: BX) numbers. (WSJ)

Concerns are growing the China will block US technology in favor of solutions made in the People’s Republic. (WSJ)

US car sales rose 15% in January. (WSJ)

Google (NASDAQ: GOOG) said Microsoft (NASDAQ: MSFT) copied its search results with Bing. (WSJ)

Apple Inc (NASDAQ: AAPL) may have rejected a Sony (NYSE: SNE) e-book app. (WSJ)

Cooper prices reached new highs. (WSJ)

Manufacturing activity rose sharply in January. (WSJ)

Healthcare companies have moved ahead to implement heathcare reforms .(WSJ)

Egypt’s economy is under great pressure. (WSJ)

Japan’s exports are helping to offset the value of the yen. (WSJ)

Citigroup (NYSE: C) took control of troubled EMI. (WSJ)

The movement among US companies to use temporary workers will help firms like Manpower. (WSJ)

The DJIA rose above 12,000. (WSJ)

Trepp said mortgage delinquency rates hit 9.34% in January.

China may raise rates again to offset inflation but the action will help the nation’s savers. (NYT)

Sales of large vehicles helped auto company results in January. (NYT)

Comcast (NASDAQ: CMCSA) and Time Warner (NYSE: TWX) will create a streaming service to attack Netflix. (NASDAQ: NFLX) (NYT)

The Federal Reserve now holds more Treasuries than China. (FT) (NASDAQ: AMZN) will launch a movie streaming service. (FT)

A global PMI study showed a sharp rise in inflation. (FT)

The SEC took $400 million in leases without competitive bidding. (FT)

A huge cyclone has caused the shuttering of more mines in Australia. (Bloomberg)

Toyota Motor (NYSE: TM) sales have come back from the period of huge recalls. (Bloomberg)

EU leaders will make promises to solve the region’s debt crisis. (Bloomberg)

Douglas A. McIntyre

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