Media Digest 5/27/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Reuters:   The US will suspend Arctic drilling.

Reuters:   Lehman sued JPMorgan Chase (NYSE: JPM) for billions of dollars.

Reuters:   The Fed’s Bullard said that promises of low rates for long periods have risks.

Reuters:   Facebook improved its privacy controls.

Reuters:   Apple Inc. (NASDAQ: AAPL) overtook Microsoft Corporation (NASDAQ: MSFT) as the largest tech company by market cap.Reuters:   Penguin and Amazon.com (NASDAQ: AMZN) settled disagreements over book prices.

Reuters:   Some Prudential plc investors will resist the AIA deal.

Reuters:   Two people were charged with insider trading of shares in Walt Disney (NYSE: DIS).

WSJ:   Bank of America (NYSE: BAC) and Citigroup Inc. (NYSE: C) used “repos” to hide debt.

WSJ:   The Financial Accounting Standards Board may set new bank rules that would force them to raise book value.

WSJ:   The derivatives rule may be dropped from the financial reform package.

WSJ:   Warren Buffett of Berkshire Hathaway (NYSE: BRK.B) will testify before a panel looking at ratings practices at Moody’s (NYSE: MCO).

WSJ:   Avis Budget (NYSE: CAR) and Hertz (NYSE: HTZ) have fought over a buyout of Dollar.

WSJ:   Companies are facing shortages of machine tools.

WSJ:   Johnson & Johnson Inc (NYSE: JNJ) has a pattern of poor quality in making children’s drugs.

WSJ:   Jobless claims may be a critical part of the US economy getting better.

WSJ:   An analyst said that use of circuit breakers will not prevent drops in stock prices.

NYT:   The US sold 20% of its Citigroup shares.

FT:   Obama warned of “risky” fossil fuels.

FT:   Kraft (NYSE: KFT) was censured by UK officials over its Cadbury deal.

Bloomberg:   GM will cover additional costs for reorganizing Opel.

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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