Media Digest 5/17/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

MarketWatch:   Shanghai closed down 2% and Europe is weak

MarketWatch:   The euro hit a four year low against the dollar.

Reuters:   BP plc (NYSE; BP) says it is making progress with the leak.

Reuters:   Volcanic ash has grounded hundreds of fights in the UK

Reuters:   MaterCard (NYSE: MA) is fighting to keep credit card fees.

Reuters:   Exports and the weak euro may help Greece.

Reuters:   Oil fell below $70.

Reuters:   Apple Inc’s (NASDAQ: AAPL) is replacing the Research-in-Motion (NASDAQ: RIMM) Blackberry among some bankers.

Reuters:   Google Inc (NASDAQ: GOOG) says it mistakenly collected data from some wireless users.

Reuters:   China’s Tencent is looking for internet acquisitions.

Reuters:   The US will hire an adviser to dispose of its GM shares.

WSJ:   Prudential plc launched its $21 billion rights offering to buy AIA from American International Group (NYSE: AIG).

WSJ:   Sovereign wealth funds cut down investments levels last year.

WSJ:   Knauf Plasterboard Tianjin settled with Beazer Homes (NYSE: BZH) over defective wall board.

WSJ:   CEOs who used new tactics during the recession at keeping them

WSJ:   GM has not benefitted from union concessions made three years ago.

WSJ:   It has become difficult to make bioidentical generic versions of biotech drugs.

WSJ:   Eastman Kodak’s (NYDE: EK) marketing head will leave.

WSJ:   The Europe debt problem is hurting corporate bonds as investors move into Treasuries.

NYT:   The European crisis could spread to be banks.

NYT:   The role of high frequency traders is drawing interest from regulators.

NYT:   Management at Google’s YouTube say that feature-length video is drawing more viewers.

NYT:   Foreign companies are fighting China restrictions.

NYT:   The pressure is growing on Spain to curb digital privacy

FT:   The Democrats say that they are open to talks on derivatives.

FT:   Germany is called for more budget discipline among Eurozone nations.

FT:   Some hedge funds were badly hurt by market volatility.

FT:   KMPG and PwC may challenge Moody’s (NYSE: MCO) and S&P in the ratings business.

FT:   Google, Intel (NASDAQ: INTC), and Sony (NYSE: SNE) will launch an internet TV venture.

Bloomberg:   Oil spill lawsuits are rising quickly.

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