Media Digest 5/26/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Reuters:   BP plc (NYSE: BP) had warning signs of pressure on its Deepwater Horizon rig.

Reuters:   Geithner went to Europe to press for more reform.

Reuters:   The Qatar sovereign wealth fund wants to buy shares in Citigroup, Inc (NYSE: C).

Reuters:   Oil rose on indications that US supply will tighten.

Reuters:   Dell Computer’s (NASDAQ: DELL) tablet PC has launched.Reuters:  The government is looking into Apple Inc.’s (NASDAQ: AAPL) tactics in selling music.

Reuters:   Blockbuster’s (NYSE: BBI) talks with creditors are in trouble.

WSJ:   Bank of America (NYSE:  BAC), Citigroup, and Deutsche Bank (NYSE: DB) have cut liabilities temporarily just before reporting earnings.

WSJ:   The Fed is fighting more scrutiny, which is  a part of financial legislation.

WSJ:   Very few lenders will risk putting money into European banks.

WSJ:   Hewlett-Packard (NYSE: HPQ) topped International Business Machines (NYSE: IBM) in server sales.

WSJ:   Amazon.com (NYSE: AMZN) said its Kindle will continue to focus on being only an e-reader.

WSJ:   Video game consoles are threatening pay TV.

WSJ:   Medtronic (NYSE: MDT) says its stents perform as well as those sold by Abbott Labs (NYSE: ABT).

WSJ:   China’s economic power allows it to buy oil more cheaply than nations in the West.

WSJ:   Standard & Poor’s will not set new ratings for US banks until financial reform legislation is set.

NYT:   Problems with the European economy may hurt the US economy.

NYT:   Nissan says its electric car is sold out for the year.

FT:   BP’s chairman has begun to take on US critics.

FT:   Asian investors are stepping away from euro bonds.

FT:   The cost of swapping euros for dollars rose.

FT:   Obama pushed his small business aid plan.

Bloomberg:   Italy adopted $30 billion in budget cuts.

Bloomberg:   Obama will revamp drilling rules.

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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