Media Digest 7.27.2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Reuters:   UBS (NYSE: UBS) and Deutsche Bank (NYSE: DB) posted good earnings.

Reuters:   The EU opened antitrust investigations into IBM (NYSE: IBM)

Reuters:   Ask.com, owned by IACI (NASDAQ: IACI), will use humans to screen results.

Reuters:   Yahoo! Japan will use the Google Inc (NASDAQ: GOOG) search engine.

Reuters:   Google In.c has launched a government version of its softwareReuters:   Genzyme may take a bid to buy the company from Sanofi Aventis.

WSJ:   Larry Ellison of Oracle (NASDAQ: ORCL) was the highest paid CEO of the last decade earning more than $1.84 billion.

WSJ:   Congress and others are battling over whether the Obama stimulus package helped the economy or hurt it.

WSJ:   The supply of existing homes is probably still growing.

WSJ:   The IMF said the yuan is undervalued.

WSJ:   China is having trouble selling products outside the country using its own brands.

WSJ:   SAP (NYSE: SAP) raised its sales outlook.

WSJ:   FedEx (NYSE: FDX) raised its earnings outlook.

WSJ:   The National Conference of State Legislatures says state tax collections should rise.

WSJ:   The US Chamber of Commerce says China is causing trade tensions.

WSJ:   Carl Icahn sued Lions Gate as part of his takeover bid.

WSJ:   A federal court approved “jail breaking” of Apple Inc. (NASDAQ: AAPL) iPhone software to download non-approved applications.

WSJ:   Most EU nations, excluding Germany, have agreed on new rules to keep banks from taking too much risk.

WSJ:   Wall St firms are paying settlements on their sales of muni bonds as safe investments.

WSJ:   Lenders to corporations during the credit crisis did better than those in past recessions.

WSJ:   Short selling fell on the NYSE.

NYT:   Low orders by retailers are moving up shipping costs.

NYT:   Nike (NYSE: NKE) will support workers in impoverished Honduras.

NYT:   New rules in Europe would cause banks to keep higher capital reserves.

NYT:   Walt Disney (NYSE: DIS) will kill a deal for Miramax if buyers do not come up with a $40 million down payment.

FT:   US states face large deficits as the federal government takes away support.

FT:   China banks may face huge losses on loans to states in the country.

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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