News Summary (RIG, BP, NWS, RIMM, AAPL)

Transocean RIG said that it is protected against fines and lawsuits related to the Deepwater Horizon incident due to its contract with BP BP. Under the contract signed by both companies for the use of the Deepwater Horizon drilling rig, BP had agreed to bear most of the legal burden. Following the statement, RIG’s shares have risen. News Corporation NWS CEO and Media Mogul Rupert Murdoch has named Apple’s AAPL iPad as a "game changer" for news media, as it will encourage young people to read newspapers. He has forecast that "hundreds and hundreds of millions" of similar tablet computers will finally be sold across the world. Research In Motion RIMM co-CEO Michael Lazaridis said that governments that are seeking to bar BlackBerry phones challenge the growth of e-commerce by demanding access to secure communications and transactions. He emphasized, "This is about the Internet… Everything on the Internet is encrypted. This is not a BlackBerry-only issue." Read more from Benzinga's Markets.