Media Digest (6/17/2011) Reuters, WSJ, NYT, FT, Bloomberg
June 17, 2011 by Douglas A. McIntyre
Research In Motion (NASDAQ RIMM) shares were badly hurt due to weak earnings and an anemic forecast. (Reuters)
Capital One will buy ING’s online unit for $9 billion. (Reuters)
Oracle (NASDAQ: ORCL) has sued Google (NASDAQ GOOG) for billions of dollars. (Reuters)
Hackers could attack the software most critical to China’s infrastructure. (Reuters)
The SEC may charge credit ratings agencies for their role in the credit crisis. (WSJ)
Facebook has moved into the mobile app business. (WSJ)
Ackman may have an IPO of his new fund. (WSJ)
Ford (NYSE: F) pushed its Asia plans. (WSJ)
AARP dropped its opposition to Social Security cuts. (WSJ)
The Senate voted to kill ethanol subsidies. (WSJ)
Alibaba will break up its e-commerce unit–another potential blow to Yahoo! (NASDAQ: YHOO). (WSJ)
New Airbus orders hurt Boeing’s (NYSE: BA) prospects. (WSJ)
It will take a long time for RSA to replace SecurID. (WSJ)
Toyota (NYSE: TM) will have full North American production by fall. (WSJ)
Prada and Samsonite IPOs did badly. (WSJ)
The IEA said high oil prices are a huge economic risk. (WSJ)
With profits down, Wall St. faces layoffs. (NYT)
US companies are key to rebuilding Iraq’s oil fields. (NYT)
Thirty of the world’s largest banks will probably have to add to capital. (FT)
Greece must pass new austerity measures to get loans. (FT)
Corrupt officials took $124 billion out of China. (FT)
Douglas A. McIntyre
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