Media Digest 5/7/2010

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:   Stocks fell in Asia and Europe as the pound and euro fell.

Reuters:   The GOP’s attempt to kill a consumer watchdog program was not successful.

Reuters:   The Goldman Sachs Group (NYSE: GS) is in settlement talks with the SEC.

Reuters:   Nasdaq named stocks on which it will cancel trades.

Reuters: American International Group (NYSE: AIG) fired The Goldman Sachs Group as its main adviser.

Reuters:   Oil is down $10 in the last week.

Reuters:   Oil lobbying money is unlikely to help BP plc (NYSE: BP)

Reuters:   Advanced Micro Devices (NYSE: AMD) chips will be in a growing number of computers this summer.

Reuters:   Blackstone, THL, and TPG will try to buy Fidelity National Information Service Inc (NYSE: FIS)

WSJ:    The Minerals and Management Service was lax in regulating the oil industry.

WSJ:   A number of high frequency trading firms stopped activity as the market plunged.

WSJ:   Goldman Sachs and the SEC are in settlement talks.

WSJ:   The plan to audit the Fed was killed in the Senate.

WSJ:   The Greek parliament approved a bailout.

WSJ:   Simon Property Group Inc upped its bid for General Growth Properties Inc.

WSJ:   The Fed will sell some of its $1.1 trillion in mortgage holdings.

WSJ:   The Public Company Accounting Oversight Board said that Deloitte had missed some details in audits.

WSJ:   MGM posted a huge loss as it wrote down the value of its holdings in the CityCenter resort.

WSJ:   Friends of the car industry attacked a bill on auto safety.

WSJ:   The VIX hit a 2010 high.

WSJ:   A high-speed trading glitch cost investors billions.

WSJ:   Loans at high risk made in foreign currencies are exposed by problems in Eastern Europe.

WSJ:   China’s use of oil and coal jumped 24% in Q1.

WSJ:   AIG dismissed Goldman as its adviser.

FT:   The Bank of Japan put huge amounts of money into the system to increase liquidity as market fell.

FT:   Immelt of GE joined  Berkshire Hathaway (NYSE: BRK.B) in backing Wall St.

Bloomberg:   The supply of Apple Inc. (NASDAQ: AAPL) iPads in its stores is falling sharply.

Bloomberg:  Calpers voted to split the chairman and CEO jobs at Goldman.

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