Media Digest (12/28/2010) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Obama will delay the release of his new budget by a week (Reuters)

US gas prices moved above $3, the highest since October 2008 (Reuters)

Gold rose on Asia purchases (Reuters)

Amazon.com (NASDAQ: AMZN) said it Kindle e-reader is has done well in competition with e-readers. (Reuters)

The trading in private shares of Facebook, Twitter, and Linked In has accelerated. (WSJ)

The rise in gas and cotton prices will make life difficult for retailers next year (WSJ)

Morgan Stanley (NYSE: MS) and Goldman Sachs (NYSE: GS) still struggle for the top spot in investment banking and M&A transactions (WSJ)

AIG (NYSE: AIG) got credit lines to replace federal government loans (WSJ)

Lenovo has begun to push into Russia and India (WSJ)

The National Bureau of Economic Research say unemployment causes people to adopt poor diets (WSJ)

GE (NYSE: GE) set joint ventures in Russia to increase its presence in the medical and energy infrastructure industries (WSJ)

Consumer confidence numbers should rise into 2011 (WSJ)

Charles Schwab head of Schwab (NASDAQ: SCHW) had heart surgery (WSJ)

The Treasury will sell $56 billion in paper this week (WSJ)

Oil futures hit three-and-a-half year highs as cold spread across Florida (WSJ)

Canadian banks have become more aggressive in purchases of US counterparts (NYT)

Google’s (NASDAQ: GOOG) planned purchase of travel software company ITA has split the travel industry (NYT)

Investigations has hurt the use of expert networks by Wall St. firms (NYT)

Foreign banks gained a great deal from the use of US federal emergency funds (FT)

Equity investors took profits as China raised rates (FT)

The sales of oil and gas assets has increased sharply (FT)

Japan’s production index rose again (Bloomberg)

Apple (NASDAQ: AAPL) was sued over applications that give private information to marketers (Bloomberg)

US holiday retail sales rose 5.5% (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.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618