Media Digest (12/3/2010) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Trading activity in several healthcare deals is being examined by federal authorities.(WSJ)

Payroll numbers should have improved in November. The jobless rate was probably flat. (Reuters)

China said it would move toward a “prudent” monetary policy. (Reuters)

The US dollar will probably gain on better jobs numbers. (Reuters)

Republicans may not support legislation to stop marketing companies from tracking online behavior. (Reuters)

Amazon.com (NASDAQ: AMZN) said it blocked the WikiLeaks site but claimed the government had no role in the decision. (Reuters)

The US government gained another $1.8 billion from the GM IPO. (Reuters)

The oil regulation body within the government still has not improved its inspection programs. (WSJ)

The president’s plan to improve small business lending faces opposition. (WSJ)

Retail sales numbers raised the prospect of a healthy holiday shopping season. (WSJ)

Oracle (NASDAQ: ORCL) said it would increase competition with Hewlett-Packard (NYSE: HPQ) in the server market. (WSJ)

PepsiCo (NYSE: PEP) will buy a large Russian drink manufacturer. (WSJ)

Barry Diller and John Malone settled their dispute over ownership power in IAC (NASDAQ: IACA) as Malone was bought out. (WSJ)

Viacom (NYSE: VIA) said it would appeal a copyright legal decision against Google’s (NASDAQ: GOOG) YouTube. (WSJ)

Clearwire (NASDAQ: CLWR) raised money to help it expand its WiMax 4G network and improve its balance sheet. (WSJ)

The BP Deepwater Horizon Oil Spill and Offshore Drilling commission said a failure of management at BP plc (NYSE: BP), Halliburton (NYSE: HAL), and other contractors made the oil leak worse. (WSJ)

A free trade pact with Korea depends on an agreement on auto sales. (WSJ)

The ECB will do more to support credit markets in the region. (WSJ)

The premier of Spain faces harsh resistance to his austerity package. (WSJ)

Las Vegas Sands (NYSE: LVS) said that it would not be able to get a key piece of real estate in Macau. (WSJ)

Luxury retailers have opened a large number of website in China. (WSJ)

Mall developers have increased efforts to build discount outlet retail centers. (WSJ)

China has made large purchases of gold in the first ten months of the year. (WSJ)

Companies that got federal bailouts including GM (NYSE: GM) and AIG (NYSE: AIG) will get terrific tax breaks at a time when the federal government is desperate for money. (WSJ)

The Madoff trustee sued JP Morgan (NYSE: JPM) to recovery over $6 billion saying that the bank was aware of the financier’s frauds. (WSJ)

Metal and mining stocks have posted particularly strong gains recently. (WSJ)

Investors are taking cash out of out of money market funds. (WSJ)

Obama would like to barter tax cuts for extensions in jobless benefits. (NYT)

People who have been unemployed for long periods are less likely to find jobs than those recently out of work. (NYT)

Charities may lose their tax breaks. (NYT)

Goldman Sachs Group (NYSE: GS) may sell its mortgage service business. (FT)

China has become the world’s largest holder of gold. (FT)

Italian banks face higher costs of doing business on concerns about the nation’s finances. (Bloomberg)

A new investment round in Twitter values the company at over $3 billion. (Bloomberg)

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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