Media Digest 2/3/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

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

Reuters:   Volcker believes that banks should not be allowed to make risky trades.

Reuters:   Toyota (NYSE:TM) sales dropped after its recall announcements.

Reuters:   More US consumers are paying credit cards before mortgages.

Reuters:   Bank of America (NYSE:BAC) has approved $4 billion in bonuses.

Reuters:   Murdoch of News Corp (NYSE:NWS) has threatened the Amazon (NASDAQ:AMZN) $9.99 e-book pricing  plan and may withdraw his publishers from the program.

WSJ:   US regulators accused Toyota of dragging its feet on recalls.

WSJ:   AIG (NYSE:AIG) will move ahead with bonuses after employees agreed to lower amounts.

WSJ:   Obama is setting up more programs to help small business.

WSJ:   Textbook companies are setting up e-book readers with Apple (NASDAQ:AAPL) for the iPad.

WSJ:   Democrats will release a $80 billion jobs package.

WSJ:   US home ownership rates fell.

WSJ:   Abercrombie & Fitch (NYSE:ANF) faces criticisms of the style of clothes it markets as sales fall.

WSJ:   Home building companies are cutting prices.

WSJ:   VW hopes to unseat Toyota as the world’s largest car maker.

WSJ:   The outlook for hiring is still weak.

WSJ:   Genetic technology from firms like Monsanto is helping to increase the share of corn that farmers plant.

WSJ:   Visa (NYSE:V) and MasterCard (NYSE:MA) did well enough during the recession that they are expanding.

WSJ:   Morgan Stanley (NYSE:MS) will cut the ratio of pay to its bankers.

NYT:   By June, 5.1 million people will own a home with 75% or less than their mortgage.

NYT:   The Japanese government ordered Toyota to look into break problems with new versions of the Prius

NYT:   Honda raised its forecasts for the year.

NYT:   Fidelity cut its trading fees for discount broker customers.

FT:   Bank of America (NYSE:BAC) plans to add 2,000 more brokers.

FT:   “Avatar” drove a higher forecast by News Corp.

Bloomberg:   Toyota’s electronics may be the cause of accelerator problems.

Bloomberg:   Bank of America will pay investment bankers an average of $400,000 in bonuses.

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