Media Digest (8/28/2012) Reuters, WSJ, NYT, Bloomberg

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Apple Inc. (NASDAQ: AAPL) pushes for a ban on eight Samsung phones. (Reuters)

Best Buy Co. Inc. (NYSE: BBY) will allow former chairman Richard Schulze to review its books with an eye toward a buyout bid. (Reuters)

M&T Bank Corp. (NYSE: MTB) buys Hudson City Bancorp Inc. (NASDAQ: HCBK) for $3.7 billion as it moves into the NYC market. (WSJ)

Chevron Corp. (NYSE: CVX) has a balance sheet with $21 billion in cash that it could use for M&A activity. (WSJ)

Ford Motor Co. (NYSE: F) will start to sell Lincolns in China. (WSJ)

The recession in Spain picks up speed in the second quarter. Statistics institute INE reports that gross domestic product contracted 0.4% compared with the first quarter. (WSJ)

General Motors Co. (NYSE: GM) will cut production of the Chevy Volt. (WSJ)

Walt Disney Co. (NYSE: DIS) says its huge expenditures on films and parks has started to bear fruit. (WSJ)

Boeing Co. (NYSE: BA) increases its Dreamliner production capacity. (WSJ)

Manufacturers have asked Washington for a simpler tax code and better national infrastructure. (WSJ)

The FAA will investigate whether people can use electronic devices during takeoff and landing of passenger planes. (WSJ)

The FDA approves a Gilead Sciences Inc. (NASDAQ: GILD) HIV medicine. (WSJ)

Isaac causes a shuttering of Gulf Coast refineries, which pushes gas futures up. (WSJ)

Cocoa reaches a nine-month high. (WSJ)

The Apple victory over Samsung makes it more likely it will challenge Google Inc. (NASDAQ: GOOG) on Android. (NYT)

Amazon.com Inc.'s (NASDAQ: AMZN) cloud business has allowed a number of large companies to move into data businesses without capital expenditures. (NYT)

The senior German official at the European Central Bank sided with the stance that bond buying by the central bank was essential to the financial health of the regions, a stance many Germans reject. (NYT)

The ECB wants weaker Basel liquidity rules. (Bloomberg)

Credit Agricole's second-quarter net drops 67% because of exposure to Greece. (Bloomberg)

Douglas A. McIntyre


Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, AMZN, BA, BBY, CVX, DIS, F, GILD, GM, GOOG, HCBK, MTB
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