Media Digest 5/20/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Reuters:   The Senate was not able to reach consensus on the financial reform bill.

Reuters:   Heavy oil from the BP plc (NYSE: BP) rig came ashore in Louisiana.

Reuters:   Trading systems broke down at several companies during the big sell-off.

Reuters:   Asian stocks hit three-month lows on euro issues.

Reuters:   Oil is trading above $70 on new of US inventories.Reuters:   Up to 20 bidders are interested in Novell.

WSJ:   BP and Shell still buy Iranian oil products.

WSJ:   Money managers are becoming skeptical about the value of the euro.

WSJ:   Google Inc (NASDAQ: GOOG) faces a probe in Europe over its collection of WiFi data.

WSJ:   Exports helped the Japanese economy.

WSJ:   Dubai World reached a deal with it creditors.

WSJ:   US inflation hit a 44-year low.

WSJ:   Most Fed governors favor not selling assets.

WSJ:   CBS Inc. (NYSE: CBS) will go after NBC’s program dominance on Thursday nights.

WSJ:   The Apple Inc. (NASDAQ: AAPL) iPhone has not sold well in China and the cause may be partner China Unicom (NYSE: CHU).

WSJ:   Google plans a Chrome app store leveraging the growing presence of its browser.

WSJ:   Congress questioned the use of dispersants in the oil spill.

WSJ:   Novartis (NYSE: NVS) was hit with a $250 million fine for discriminating against women.

WSJ:   High beef prices are forcing food chains to turn to chicken.

WSJ:   Legislation for car safety may have to be changed because of the cost to auto companies.

WSJ:   Banks are concerned about possible Senate legislation that would force them to hold more capital.

NYT:   Hedge funds are paying whistleblowers who will not get fees from the IRS for years, making money on the transactions.

NYT:   Some banks are being taken over by private investors, an aid to the FDIC.

NYT:   AMR Inc. (NYSE: AMR) executives say the comm[any will not be forced into a merger.

NYT:   The war between Dell (NASDAQ: DELL) and Hewlett-Packard (NYSE: HPQ) is picking up as PC sales improve.

FT:   Google may release face-recognition technology.

FT:   Dubai World agreed to a $23.5 billion deal on outstanding debt.

FT:   Europeans are trying to restore unity after fighting over ways to defend the euro.

FT:   Sovereign wealth funds are focusing on oil shale.

FT:   US state face a $1 trillion pension gap and US pensions a $2 trillion one.

Bloomberg:   Japan’s economy grew less than expected.

Bloomberg:   The euro’s fair value may be $1.10.

Bloomberg:   The German short selling ban has no allies in the Eurozone.

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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