Media Digest 5/5/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   Calm water is helping manage the Gulf oil spill.

Reuters:   April retail sales should be up in a sign of consumer recovery.

Reuters:   The US is questioning Johnson & Johnson’s (NYSE: JNJ) claims about Tylenol.

Reuters:   Gold prices are under pressure as the dollar rises

Reuters:   Key senators are in partial agreement on the financial reform bill.

Reuters:   Nokia oy (NYSE: NOK) and Microsoft (NASDAQ: MSFT) launched new mobile platforms.

Reuters:   Intel (NASDAQ: INTC) is revamping its software to move further into the handheld market.

Reuters:   The Dollar-Thrifty merger will face antitrust concerns.

WSJ:   Top executives and alumni at Goldman Sachs Group (NYSE: GS) are questioning whether Blankfein can hold his job.

WSJ:   Google (NASDAQ: GOOG) is planning to sell books through a new e-book program

WSJ:   The bead of BP plc (NYSE: BP) is meeting with members of Congress to make his case.

WSJ:   Citigroup (NYSE: C) plans funds for low-income areas.

WSJ:  Massey’s board is looking into safety problems.

WSJ:   Companies are re-evaluating the impact of large layoffs.

WSJ:   Toyota Motor (NYSE: TM) reorganized its marketing staff.

WSJ:   Xerox(NYSE: XRX) plans a drive into the services area.

WSJ:   The bailout of Greece did not help calm Europe.

WSJ:   Lawyers are fighting for the top spots in the Toyota litigation.

WSJ:   Chemicals are helping break-up the Gulf oil spill.

WSJ:   Wellpoint may have relied on inaccurate figures as a reason to raise rates.

WSJ:   Pearson sold IDC to private equity groups.

WSJ:   Chrysler will offer zero percent financing.

WSJ:   Profits at Merck (NYSE: MRK) and Pfizer (NYSE: PFE) grew.

WSJ:   Investors will find out whether Jeff Bewkes’ overhaul of Time Warner (NYSE: TWX) has worked.

WSJ:   Agricultural Bank of Japan could have a $30 billion IPO.

WSJ:   Bonds in big banks fell on Europe concerns.

WSJ:   Buffett is keeping pressure on Kraft (NYSE: KFT) after its buyout of Cadbury.

WSJ:   The financial crisis panel will review whether banks used accounting tricks to hide problems.

WSJ:   A financial reform plan dropped the plan to shutter failed banks.

WSJ:   CNN and CBS (NYSE: CBS) are in talks to gather news together.

FT:   Prudential UK is delaying a $20 billion rights issue and is in talks with regulators

FT:   John Paulson said he would cover any legal costs due to his firm’s relationship with Goldman Sachs.

FT:   Goldman Sachs is adding to its legal team.

FT:   Debate over the financial reform bill is trying to resolve whether banks should pay for a $50 billion bailout fund

Bloomberg:   Greek air traffic controllers walked off the job.

Bloomberg:   Obama wants a higher cap on the amount oil companies will have to pay for spill liabilities.

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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