Media Digest (6/16/2010) Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   Credit rating agencies will not be heavily regulated under the new financial reform bill.

Reuters:   AT&T (NYSE: T) had privacy problems with its iPhone 4 order system.

Reuters:   The EU, IMF, and US have considered a $250 billion rescue package for Spain

Reuters:   Bank of America Corporation (NYSE: BAC) will limit the length of its trades with BP plc (NYSE: BP).

Reuters:   Sony Corporation (NYSE: SNE), Microsoft Corporation (NASDAQ: MSFT) and Nintendo will start a new video game battle.

Reuters:   T-Mobile will offer a mobile data upgrade.

Reuters:   Nintendo will launch a 3D mobile device.

Reuters:   CBOE shares rose after its IPO.

Reuters:   News Corp (NASDAQ: NWSA) is working to buy BSkyB.

WSJ: PricewaterhouseCoopers will try to work out a program to return $22 billion in assets to unsecured creditors.

WSJ:   Boeing (NYSE: BA) is increasing 737 output.

WSJ:   The Swiss government backed a plan to turn over names of UBS (NYSE: UBS) account holders to the US.

WSJ:   AT&T is rethinking its U-verse spending plans after negative SEC comments.

WSJ:   Default rates among modified mortgages are more than 65%, according to Fitch.

NYT:   Democrats trimmed the unemployment bill.

NYT:   High cost from banks for the sale of Build America Bonds have hurt their sales.

NYT:   India’s overuse of rail lines is hurting growth.

NYT:   Errors caused problems of initial Apple Inc. (NASDAQ: AAPL) iPhone sales

NYT:   Spain’s cost of debt rose sharply.

NYT:   S&P warned of rising defaults.

FT:   Subprime customers of Goldman Sachs Group (NYSE: GS) criticized the firm.

FT:   Walmart (NYSE: WMT) is extending its banking businesses.

FT:   Spain’s banks are in increasing trouble.

FT:   China is attempting to cut worker unrest.

Bloomberg:   Microsoft’s slowness in creating tablet software leaves Hewlett-Packard Corporation (NYSE: HPQ) and Dell Computer (NYSE: DELL) to look for alternatives.

Bloomberg:   Lawsuits against BP have spread beyond Gulf states.

Bloomberg:   Google Inc. (NASDAQ: GOOG) Wifi data leads are being looked into by 30 states.

Bloomberg:   S&P says a debt wave make cripple high-yield borrowers.

Bloomberg:   The Fed may trim growth outlook because of Europe.

Bloomberg:   A deal on BP escrow has bogged down over its size and management.

Bloomberg:   Sony and Nintendo are betting on 3D games.

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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