Media Digest 8/12/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   India officials met over a decision about whether to ban certain services of the Research In Motion (NYSE: RIMM) BlackBerry.

Reuters:   GM put together a $5 billion bank facility and will probably file for an IPO late this week.

Reuters:   Cisco (NYSE: CSCO) said the economy was uncertain and missed revenue estimates.

Reuters:   The US bailouts helped foreign banks which should have gotten some money from their own governments, the Congressional Oversight Panel said.

Reuters:   Japan says the Apple Inc (NASDAQ: AAPL) has taken care of overheating iPod problems.

Reuters:   Research from the Pew Internet & American Life Project says many Americans do not care about a government program to create a faster internet.

Reuters:   IBM (NYSE: IBM) settled disagreements with Oracle (NASDAQ: ORCL) about executives hired by one firm from the other.

Reuters:   Germany will monitor the Google Inc. NASDAQ: GOOG) “Street View.”

Reuters:   American International Group (NYSE: AIG) has begun to talk to investors about an AIA IPO.

Reuters:   Fortress will buy most of AIG’s consumer finance unit.

Reuters:   Visteon is in talks to get financing to exit Chapter 11.

WSJ:   Barnes & Noble (NYSE: BKS) will settle a proxy fight with Ron Burkle.

WSJ:   Former employees of firms in Chapter 11 have begun to fight for benefits.

WSJ:   The National Association of Realtors said that a government buyer’s credit helped real estate prices in the second half

WSJ:   China orders banks which have repackaged loans to put them back on their balance sheets

WSJ:   A Wall Street Journal study showed that Americans are more pessimistic about the economy and Afghanistan.

WSJ:   Some municipalities are selling rights to their water supplies.

WSJ:   The BOE cuts its economic forecasts.

WSJ:   The trade gap caused lawmakers to criticize China.

WSJ:   The repairs to a Genzyme plant will take longer than expected.

WSJ:  AT&T (NYSE: T) said it sees good results from a Google Inc. (NASDAQ: GOOG) and Verizon (NYSE: VZ) plan for net neutrality.

WSJ:   Google will sell ads for DirecTV.

WSJ:   Investors are bailing out of the euro.

WSJ:   China Citic Bank will raise $3.8  billion.

WSJ:   A study shows that CEOs often try to put a good spin on bad results when quarterly numbers are issued, according to data from the Stanford Graduate School of Business and the Stanford Rock Center for Corporate Governance.

NYT: the American Bankers Association says lenders wrote off as uncollectible $11.1 billion in home equity loans and $19.9 billion in home equity lines of credit in 2009, more than they wrote off on primary mortgages.

NYT:   The US will give more aid to jobless homeowners.

FT:   China’s economy continued to slow in July.

FT:   BP plc (NYSE: BP) US earnings will secure its $20 billion escrow.

FT:   Hedge funds are buying more US Treasuries.

Bloomberg:   GM will try to sell $16 billion in stock.

Bloomberg:   The Chinese are hiding $1.1 trillion in wealth.

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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