Media Digest (5/31/2011) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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Moody’s said it may downgrade Japan’s debt because of its economic problems and huge debt. (Reuters)

Goldman Sachs traded $1.8 billion in Libyan sovereign capital in 2008 and lost most of it. (WSJ)

The EU may give additional aid to Greece as Germany signaled its acceptance. (Reuters)

Unrest in Yemen moved Brent crude above $115. (Reuters)

Sony (NYSE: SNE) said its PlayStation network was still down in parts of Asia. (Reuters)

Google (NASDAQ: GOOG) said its Chrome browser will be available on notebooks, but not tablets. (Reuters)

Intel (NASDAQ: INTC) launched laptops which have a number of tablet PC features. (Reuters)

Hewlett-Packard (NYSE: HPQ) recalled a number of laptop batteries. (Reuters)

The Defense Department said cyber-attacks on US firms and the government can constitute acts of war. (WSJ)

Cyber-attacks on Lockheed Martin (NYSE: LMT) and PBS show that such incidents have broadened. (WSJ)

The number of state officials who are cautious about approving the AT&T (NYSE: T) deal to buy T-Mobile has risen. (WSJ)

Airline ad-on fees are up sharply, according to Amadeus IT Group SA and IdeaWorks.  (WSJ)

Samsung has adopted Google (NASDAQ: GOOG) Android for its entire line of tablet PCs. (WSJ)

Many economists have lowered second quarter forecasts for the US economy. (WSJ)

Some investors want West Virginia to stop a buyout of Massey by Alpha Natural Resources. (WSJ)

Debt from troubled EU nations rose sharply on concerns about Greece. (WSJ)

A sharp rise in wheat has hurt the bakery business. (WSJ)

The Case-Shiller index is likely to show home prices dropped again. (NYT)

As China’s economy cools, fears of inflation remain. (NYT)

Wal-Mart (NYSE: WMT) is being pressed to publish labor practices of suppliers. (NYT)

A Facebook investor claims banks “mispriced” the LinkedIn IPO. (FT)

Germany plans to end its use of nuclear power by 2022. (FT)

India’s GDP growth rate dropped to 7.8% in the first quarter. (Bloomberg)

China raised prices for electric power due to shortages. (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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