Media Digest 6/22/2010

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Reuters:   The White House budget director will leave.

Reuters:   China’s state-owned banks are buying dollars.

Reuters:   Intel (NASDAQ: INTC) and the FTC are in talks to settle a market abuse case.

Reuters:   Amazon.com Inc (NASDAQ: AMZN) and Barnes & Noble (NYSE: BKS) cut e-reader prices.Reuters:    Retailers have begun to take orders for the Microsoft Corporation (NASDAQ: MSFT) Kinect for $149.99.

Reuters:   Connecticut is leading a multi-state investigation into how Google Inc. (NASDAQ: GOOG) wound up getting personal data from WiFi networks when it was creating Google Maps’  Street View feature.

Reuters:   Reuters:   Drugmaker Biovail plans to buy Valeant in $3.3 billion deal

Reuters:   BA cut a deal to fund its pension fund to close its merger with Iberia.

WSJ:   A battle at the G20 will put the US’s desire for stimulus spending against the EU’s plans for austerity.

WSJ:   Several firms are in a race to build the next search engine to compete against Google Inc. (NASDAQ: GOOG).

WSJ:   The FCC is in talks with phone and cable companies about new internet rules.

WSJ:   Regulators found cracks in Boeing (NYSE: BA) 767s.

WSJ:   A drilling ban is hurting Louisiana’s economy.

WSJ:   Another Toyota Motor (NYSE: TM) plant in China was closed by labor unrest.

WSJ:   Target (NYSE: TGT) will offer 5% discounts to its credit card holders who buy in its stores.

NYT:   A Times poll found many people unhappy about Obama’s response to unemployment and the Gulf oil spill.

NYT:   Companies that export to China should be helped by the nation’s action on the yuan.

FT:   The Fed said pay plans for banks are insufficient to cut risk.

FT:   Funds in the Middle East are putting money into the AgBank IPO.

Bloomberg:   A UK austerity plan may increase economic growth

Bloomberg:   Japan said it will balance its budget by 2020.

Bloomberg:   China is replacing workers with machines as employment costs rise.

Bloomberg:   Samsung plans to double its cellphone market share.

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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