Media Digest 4/11/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Reuters:   The Fed once again pledged low interest rates.

Reuters:   If the yuan rises, the euro may be badly hurt.

Reuters:   Soda companies are hurt by the economy according to AlixPartners.

Reuters:   March retail sales rose by record amounts.

Reuters:   United (UAUA) pilots attacked a potential US Airways (LCC) merger.

Reuters:   Apple (AAPL) introduced its iAd platform and said iPad sales were good.

WSJ:   The Fed says that big banks covered up their risk levels over the last five quarters by moving debt off their balance sheet temporarily.

WSJ:   Massey (MEE) is being accused of putting profits before safety.

WSJ:   Wal-Mart (WMT) is aggressively cutting prices to get back consumers.

WSJ:   Private banks in Greece are being badly hurt by the nation’s debt crisis.

WSJ:   Apple’s new ad system has increased its competition with Google (GOOG).

WSJ:   Charles Price and Robert Rubin took a beating by a committee looking into the credit crisis.

WSJ:   Unions could scuttle the US Airways (LCC) merger with United (UAUA).

WSJ:   Bain and KKR are preparing IPOs for Toys ‘R’ Us, HCA and NXP.

WSJ:   Talks with China have caused US official to hope that the People’s Republic will let the yuan float by some amount.

WSJ:   Los Angeles faces insolvency.

WSJ:   Wynn (WYNN) killed plans to develop a casino in Philadelphia.

WSJ:   The FCC will continue with its broadband plan despite a court setback

WSJ:   Nokia (NOK) will offer customers in China free music.

WSJ:   RealtyTrac says there will be more foreclosures on homes with mortgages over $5 million.

WSJ:   The federal government will be forced to provide fewer services in the future.

WSJ:   States are skipping payments into pension plans.

WSJ:   S&P downgraded the Dubai port operator.

WSJ:   Audi says its sales jumped in March, particularly in China.

NYT:   Concerns about a Greek bankruptcy rose.

NYT:   MasterCard (MC) will set up its own online shopping mall which will give behavior feedback to retailers.

FT:   News Corp (NWS) offers large discounts to advertisers who run in the WSJ and NY Post as a way to compete against The New York Times (NYT)

FT:   Triple digit oil prices could cut down the recovery. Goldman Sachs (GS) and Morgan Stanley (MS) say oil will hit $100 or more next year.

Bloomberg:   Junk bonds captured a record part of bond sales as yields fell.

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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