Media Digest 2/17/2010 Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   Obama pushed his nuclear initiative and backed a new plant.

Reuters:   Oil moved toward $78 on hope of an improved economy.

Reuters:   Toyota (NYSE:TM) will cut auto output.

Reuters:   Fidelity says the retirement savings rate held steady.

Reuters:   Morgan Stanley (NYSE:MS) may give creditors $2.4 billion in hotel properties.

Reuters:   The Administration says the stimulus package stopped a free fall in the economy.

Reuters:   Simon Properties offered $10 billion for General Growth.

Reuters:   Credit cards delinquency rates leveled off.

Reuters:   The CEO of Google (NASDAQ:GOOG) worked to improve relationships with the mobile industry.

WSJ:   Toyota (NYSE:TM) said all future cars will have a brake override system. The company also said it would recall some Lexus models.

WSJ:   Japan now holds more US treasury notes than China does.

WSJ:   The Harvard Endowment may sell some of its $5 billion real estate portfolio.

WSJ:   The U.S. Climate Action Partnership lost Conoco Philips (NYSE:COP), Caterpillar (NYSE:CAT) and BP (NYSE:BP) as members.

WSJ:   The EU will give Greece a deadline to improve its budget.

WSJ:   Exxon Mobil (NYSE:XOM) added to its oil reserves.

WSJ:   Icahn will try to lift his ownership in Lions Gate.

WSJ:   Verizon Wireless will allow subscribers to use Skype.

WSJ:   The US will ratchet up its probe of Toyota.

WSJ:   Redbox signed a DVD deal with Warner.

WSJ:   Whole Foods (NASDAQ:WFMI) profits soared.

WSJ:   Abercrombie & Fitch (NYSE:ANF) profits fell.

WSJ:   Investors will carefully watch the results from Hewlett-Packard’s (NYSE:HPQ) large printer division.

NYT:   Many Wall St. statesmen including George Soros and John Reed favor the Volcker rule.

NYT:   Partisan politics make it difficult to make progress on the deficit.

NYT:   A new case may link HSBC (NYSE:HBC) to a tax evasion investigation.

NYT:   Incompatible software may hurt the growth of the broadband internet.

FT:   Class action suits against Toyota hit $3.6 billion in the US.

FT:   Banks are using “short sales” to get real estate off their books.

FT:   The demand for US debt dropped sharply in December.

FT:   Seventy percent of the funds from the stimulus package will be spent by October.

Blomberg:   Goldman Sachs (NYSE:GS) and Greece did not disclose a debt swap deal.

Bloomberg:   Microsoft (NASDAQ:MSFT) may hurt margins in its $19 billion Office business as its competes with Google.

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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