Media Digest 7/16/2010

MarketWatch:?? AgBank rose after its debut on the Hong Kong market.

Reuters:?? Goldman Sachs Group (NYSE: GS) settled with the SEC for $550 million.

Reuters:?? BP plc (NYSE: BP) capped the flow of oil into the Gulf of Mexico.

Reuters:?? Google Inc. (NASDAQ: GOOG) profits missed targets as expenses rose.

Reuters:?? Smartphone sales pushed up results in Q2 for Sony Ericsson.

Reuters:?? A recall of the Apple Inc (NASDAQ: AAPL) iPhone is unlikely.Reuters:?? Problems in Europe and iPhone sales will hurt results of other smartphone companies.

Reuters:?? American Research Group says there is still strong demand for the iPad.

Reuters:?? Carlyle Group will buy NBTY (NYSE: NTY) for $3.8 billion.

WSJ:?? Bank of America Corporation (NYSE: BAC) will focus on consumer banking as the financial reform bill becomes law.

WSJ:?? Citigroup (NYSE: C) disclosed in new public filings how it hid risk.

WSJ:?? Apple? management knew of risks that its iPhone 4 would have reception problems.

WSJ:?? A WSJ survey shows more economists believe that the economy is improving.

WSJ:?? The delivery of the Boeing (NYSE: BA) 787 could be delayed again.

WSJ:?? Honda Motor (NYSE: HMC) was hit by another strike in China.

WSJ:?? Advanced Micro Devices (NYSE: AMD) posted higher sales.

WSJ:?? The auto industry is fighting a new safety bill.

WSJ:?? Activision is gambling $100 million on a PC-based game.

WSJ:?? Congress approved the financial reform bill.

WSJ:?? Fed governor nominees supported policies to drive down unemployment.

WSJ:?? China’s yuan policy has changed very little.

WSJ:?? Bombardier will compete with Airbus and Boeing in the mid-sized aircraft market.

WSJ:?? Johnson & Johnson (NYSE: JNJ) will keep a Tylenol plant shut.

WSJ:?? GlaxoSmithKline (NYSE: GSK) will take a $2.4 billion charge for costs related to problems with several drugs.

WSJ:?? Gannett’s ! (NYSE: G CI) earnings may conceal ongoing problems in the newspaper industry.

WSJ:?? Improved results of Greek debt issues may mark a turnaround in Europe.

WSJ:?? KKR stock fell after its IPO.

NYT:?? Banks are trying to change their business models now that the financial overhaul bill is in place.

Blomberg:?? Buyers of BP assets many face the legal problems that go with them.

Douglas A. McIntyre

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