Media Digest 6/9/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   Fed officials are at odds about rates.

Reuters:   The “Volcker Rule” may be in trouble as the Senate works on financial reform.

Reuters:   Shareholders would sack BP plc’s (NYSE: BP) chairman before its CEO.

Reuters:   Hulu plans to charge for content and expand its services.Reuters:   Sprint-Nextel (NYSE: S) says it overstated initial sales of its EVO.

WSJ:   Fiorina and Whitman won primaries in California.

WSJ:   The fight over taxing investment partnerships is growing in Congress.

WSJ:   Santander said it has agreed to buy Bank of America Corporation’s (NYSE: BAC) 24.9% stake in the Spanish bank’s Mexican unit for $2.5 billion.

WSJ:   The US hit China with a steel tariff.

WSJ:   Chrysler is trying to rebuild its reputation.

WSJ:   Dubai’s Emirates Airline ordered 32 new Airbus A380 super jumbo airplanes.

WSJ:   Gold prices hit a record high.

WSJ:   Verizon Wireless is trying to close the gap with AT&T’s (NYSE: T) Apple Inc. (MSFNASDAQ: AAPL) iPhone.

WSJ:   GM recalled 1.5 million cars.

WSJ:   Apple will ship the new iPhone worldwide within weeks to build international sales quickly.

WSJ:   Microsoft Corporation (NASDAQ: MSFT) is likely to lose its dominance in the operating system market.

WSJ:   The SEC will approve new stock circuit breaker rules.

NYT:   There are plumes of oil under the surface of the Gulf

NYT:   The White House is promoting job growth while cutting the stimulus to save money.

NYT:   The Fed found many bonus programs at banks have not changed even with the credit crisis.

NYT:   The power of striking Chinese workers is growing.

NYT:   European leaders will press strict limits on national budgets.

FT:   Obama aggressively attacked BP’s CEO Tony Hayward.

FT:   Chinese protesters fought with police as labor unrest grew.

FT:   The EU will probably approve a new bank tax.

FT:   Ambac (NYSE:: ABK) warned it may default on loan agreements.

Bloomberg:   The IMF said risks to the global economy are higher.

Bloomberg:   Chinese stocks were pushed up on news of an increase in exports.

Bloomberg:   The BP oil spill means crude price gains while production falters.

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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