Media Digest 7/22/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:  BP plc (NYSE: BP) defended its CEO as it considered new options to kill the well.

Reuters:   The Senate voted to restore jobless benefits.

Reuters:   Obama’s budget review may trim the 2010 projected deficit.

Reuters:   eBay’s (NASDAQ: EBAY) earnings beat the Street.

Reuters:   Starbucks (NASDAQ: SBUX) and Netflix (NASDAQ: NFLX) posted disappointing results.

Reuters:   Facebook will not have an IPO until it makes sense,, according to its CEO.

Reuters:   Motorola (NYSE: MOT) sued Huawei for trade theft.

Reuters:   Sovereign wealth funds are going to the capital markets for more money.

WSJ:   Several oil firms including Exxon Mobil (NYSE: XOM) and ConocoPhilips (NYSE: COP) will create an oil spill response operation

WSJ:  Ford Motor’s (NYSE: F) financial arm killed a bond offering because of market confusion over financial reform

WSJ:   The pay czar will issue a report about how well financial firms paid their management during the credit crisis.

WSJ:   Bernanke is prepared to act on slowing.

WSJ:   IBM (NYSE: IBM) has launched a new mainframe.

WSJ:   The rally in the euro may end soon.

WSJ:   UPS (NYSE: UPS) and Caterpillar (NYSE: CAT) earnings will be good barometers for the economy.

WSJ:   Apple Inc (NASDAQ: AAPL) is pushing into the small business market.

WSJ:   The Securities Industry and Financial Markets Association is pushing for more government involvement in Freddie Mac and Fannie Mae to support the mortgage market.

WSJ:   The IMF expects Europe to grow at 2% in 2012.

WSJ:   Small businesses are being asked to provide more collateral for bank loans.

WSJ:   Lions Gate maneuvered to protect itself from Carl Icahn.

WSJ:   Intel (NYSE: INTC) and the FTC are still working on a settlement.

WSJ:   Siemens is having trouble with a virus that attacks some of its computer products.

WSJ:   Baidu’s (NASDAQ: BIDU) profit more than doubled.

WSJ:   New bank test will show how weaker financial firms and nations rely on the ECB.

WSJ:   GM sales are moving up sharply in China.

WSJ:   The SEC wants an overhaul of mutual fund fees.

FT:   The IMF wants more transparency from stress test of European banks.

FT:   China’s credit rating agency attacked rivals in the West.

Bloomberg: Walmart (NYSE:WMT) pitted construction workers against retail employees to move into Chicago.

Bloomberg:   China’s car dealers are cutting prices to bring in new customers.

Bloomberg:   Microsoft (NASDAQ: MSFT) may use its cash to increase its dividend.

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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