Media Digest (8/2/2010) Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   BP plc (NYSE: BP) has made final plans to plug its well.

Reuters:   The dollar index fell to a three-month low due to a slowing economy.

Reuters:   Goldman Sachs Group (NYSE: GS) defended its collateral calls on American International Group (NYSE: AIG).

Reuters:    Research In Motion (NASDAQ: RIMM) BlackBerry users in UAE and Saudi Arabia may have their service cut.

Reuters:   E-book sales are up at Random House.

Reuters:   A Chinese wind turbine company will try to complete a US IPO.

Reuters:   Japan’s ANA will seek money from international partners to set up a low-cost airline.

WSJ:   Large investors have begun to prepare for deflation.

WSJ:   Manufacturing grow slowed in China.

WSJ:   A new KMPG study shows companies cautious about hiring.

WSJ:   UBS (NYSE: UBS) will make a push into the US mortgage market.

WSJ:   Google Inc (NASDAQ: GOOG) says it does not know if a recent outage was caused by China.

WSJ:   Massey is being investigated for turning off mine monitors.

WSJ:   Dodd asked Sheila Bair of the FDIC to see if she would run a new consumer protection agency.

WSJ:   The benefits of inventory growth are nearly over putting pressure on consumer spending to help the recovery.

WSJ:   Homeowners are looking for government-subsidized tenants.

WSJ:   Oil safety equipment makers are being helped by the Gulf disaster.

WSJ:   Higher profits are helping finance share buybacks

WSJ:   Audi’s profits doubled.

WSJ:   Qualcomm (NASDAQ: QCOM) set a joint venture to build wireless networks overseas.

WSJ:   Altria’s (NYSE: MO) earnings could be hurt by a slide in the sale of Marlboro cigarettes.

NYT:   Chinese state-owned companies are bidding up real estate prices.

NYT:   An effort by the Administration to raise exports is faltering.

NYT:   Tumblr is a new rival to Facebook and Twitter.

NYT:   NewsBasis will try to connect reporters and PR people.

FT:   The US may intervene in home loans.

FT:   There may be a move to cut off BP deepwater drilling near Libya.

FT:   Growth in Vietnam and India may offset a slowdown in China.

FT:   Problems with the global supply chain could curb international growth.

Bloomberg:   Banks in Europe face refinancing of $122 billion in debt.

Bloomberg:   AT&T (NYSE: T) and Verizon Wireless are setting a venture to compete with Visa (NYSE: V) and MasterCard (NYSE: MA) for online billing.

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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