Media Digest (5/11/2010) Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:  Doubts about the EU plan drove markets down.

Reuters:   SEC and the exchanges will boost market rules to prevent huge sell-offs.

Reuters:   A Fed official said nations must rebalance their inward and outward capital flows.

Reuters:   Fannie Mae (NYSE: FNM) asked for $8.4  billion.

Reuters:   Oil moved down on signs of  China inflation.

Reuters:   Google Inc. (NASDAQ: GOOG) took the number two spot in smartphone operating systems from Apple Inc. ( NASDAQ: AAPL)

Reuters:   TV executives are arguing with cable companies about fees for programming.

Reuters:   Icahn boosted his stake in Motorola (NYSE: MOT)

WSJ:   BP, plc (NYSE: BP), Halliburton (NYSE: HAL), and Transocean (NYSE: RIG) are blaming each other over why a cement plug was not put into the drill hole on the Deepwater Horizon.

WSJ:   Universe Investments made a bearish bet that could have triggered the market slide.

WSJ:   Toyota Motor (NYSE: TM) expects a large full-year profit.

WSJ:   The war of words between WellPoint and Obama grew.

WSJ:   Senators may vote for a ban on proprietary trading.

WSJ:   China’s inflation accelerated.

WSJ:   Sprint – Nextel(NYSE: S) killed plans for a Google Inc. (NASDAQ: GOOG) Nexus One handset

WSJ:   American International Group Inc. (NYSE: AIG) and Prudential plc are talking about a revise plan for the sale of AIA.

WSJ:   UAL Inc. (NYSE: UAUA) said April revenue rose 23%.

WSJ:   Homeowners are defaulting in some cases because of despair and hopelessness.

WSJ:   Toyota will face questions about an earlier recall for steering problems.

WSJ:   Yahoo Japan will start a service like Ebay Inc. (NYSE: EBAY).

WSJ:   Pay cuts at Sony Inc. (NYSE: SNE) are helping the firm’s profit.

WSJ:   The head of Abercrombie & Fitch (NYSE: ANP) made $36.3 million.

WSJ:   GM may report a first quarter profit.

WSJ:   The Goldman Sachs Group (NYSE: GS) has long had conflicts with clients.

WSJ:   Moody’s (NYSE: MCO) faces government action over mortgage ratings.

WSJ:   The Treasury announced $56 billion in auctions.

WSJ:   The $1 trillion plan in Europe is leading to a tight federations and austerity.

NYT  The EU plan for putting money up for troubled economies is drawing criticism.

NYT:   European budget deficits will not be helped by the $1 trillion bailout.

NYT:   Toyota Motor reported at $2.2 billion profit.

NYT:   A start-up will sell genetic tests in stores.

FT:   Goldman made money every day in the last quarter on proprietary trading.

Bloomberg:   Apple Inc.’s (NASDAQ: AAPL) Steve Jobs is “fully operational” a year after surgery.

Bloomberg:   Toyota forecast a higher profit.

Bloomberg:   Yahoo! Inc (NASDAQ: YHOO) is gaining search share on a slide show feature.

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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