Media Digest 4/30/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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WSJ:  Warren Buffett intends to discuss his investment in Goldman Sachs Group (NYSE: GS) at the Berkshire Hathaway (NYSE: BRK.B) annual meeting.

Reuters:   Federal authorities have started a criminal probe into Goldman.

Reuters:   The government is upping efforts to contain the oil spill.

Reuters:   UAL (NASDAQ: UAUA) and Continental (NYSE: CAL) will merge.

Reuters:   Greece is preparing an austerity plan.

Reuters:   Research-in-Motion (NASDAQ: RIMM) broke into the top five handset markets in the world as have  Nokia oy (NYSE: NOK), Samsung, LG, and Sony Ericsson.

Reuters:   Oil moved back above $85.

WSJ:   Steve Jobs of Apple (NASDAQ: AAPL) said that Adobe (NASDAQ: ADBE) Flash is unfit for the iPhone.

WSJ:   The Bank of Japan ended a forecast of deflation.

WSJ:   The credit defaults swaps figure on the UK is rising.

WSJ:   Spain’s unemployment hit 20%.

WSJ:   A Dendreon (NASDAQ: DNDN) treatment for prostate cancer got FDA approval.

WSJ:   Microsoft (NASDAQ: MSFT) put its tablet computer on hold.

WSJ:   Wynn (NASDAQ: WYNN) will move its headquarters to Macau.

WSJ:   Google (NASDAQ: GOOG) will show its TV software in May.

WSJ:   Hewlett-Packard (NYSE: HPQ) has decided to go after the consumer and business markets.

WSJ:   Apple (NASDAQ: AAPL) app developers have begun to work on software for outside the US.

WSJ:   Starbucks (NASDAQ: SBUX) is starting to sell its Via instant coffee in thousands of grocery stores.

WSJ:   Procter & Gamble (NYSE: PG) is becoming more aggressive on pricing.

WSJ:   The profits at China’s banks are rising.

WSJ:   Demand for Italian debt is strong.

WSJ:   S&P says Europe banks face more bad real estate loans.

NYT:   The ECB may have to raise rates to prevent inflation.

NYT:   The US outlined plans to battle labor law violations.

FT:   Greece agreed to a 24 billion euro austerity package with includes a VAT.

FT:   The CFTC fined Morgan Stanley (NYSE: MS) over trading abuse on oil and metals.

FT:   Some regulators want to stop the growth of the $1 trillion carry trade.

Bloomberg:   New Apple iPhones may do video calls.

Bloomberg:   “Decisions by U.S. homeowners to walk away from mortgages they can afford account for an increasing share of defaults, according to Morgan Stanley.”

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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