Media Digest 8/13/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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newspaperReuters:   Wal-Mart (WMT) will report results with Wall St. looking for sales growth.

Reuters:   US home foreclosures set a record in July.

Reuters:   Citigroup (C) hired outsiders to help with a management review.

Reuters:   The former head of AIG (AIG) has offered $115 million to settle a suit.

Reuters:   The Fed says the economy is stabilizing.

Reuters:   The German and French economies returned to growth in the second quarter.

Reuters:   The Citigroup (C) trader who is owed $100 million will be exempt from scrutiny by the pay czar.

WSJ:   The Citigroup trader who is to make $100 million will probably have his pay modified.

WSJ:   The creators of cap-and-trade are now advocating an emissions tax.

WSJ:   Food firms are warning of a sugar shortage.

WSJ:   The WTO ordered China to open new channels for distribution of US films.

WSJ:   UBS (UBS), the Swiss, and the US settled a dispute on disclosing customer identities.

WSJ:   The SEC is filing a case against Pequot.

WSJ:   Google (GOOG) is facing a suit over the purchase of On2 (ONT).

WSJ:   The US monthly budget gap was $181 billion.

WSJ:   Nasdaq and the NYSE (NYX) are battling over IPOs.

WSJ:   Continental (CAL) will join the Star Alliance.

WSJ:   A new Microsoft (MSFT) alliance with Nokia (NOK) is aimed at the RIM (RIMM) Blackberry.

WSJ:   A new study shows that network ads on internet portals MSN, AOL, and Yahoo! (YHOO) are less effective than premium ads sold at content sites.

WSJ:   Spending is the US is weak without the “clunkers” boost.

WSJ:   Paulson bought 168 million shares in Bank of America (BAC).

WSJ:   Improving bank profits may hurt the drive for regulation.

WSJ:   Toll (TOL) says home buyers are slowly returning to the market

WSJ:   VW and Porsche has set an agreement to merge.

WSJ:   Redbox sued studios over access to films.

NYTimes:   Sony (SNE) plans to adopt a common format for its e-books.

Douglas A. McIntyre is the former chairman and CEO of On2 (ONT).

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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