Media Digest 8/18/2010 Reuters, WSJ, NYTimes, FT, Bloomberg: BHP Bid Goes Hostile

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By Douglas A. McIntyre Published
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Reuters:   BHP Billiton (NYSE: BHP) has begun an attempt at a hostile deal for Potash (NYSE: POT)

Reuters:   A female contractor of Hewlett-Packard (NYSE: HPQ) said she lost work because she would not have sex with Mark Hurd.

Reuters:   The social agenda of politicians will determine some portion of housing reform.

Reuters:   GM’s IPO has been delayed

Reuters:   Oil fell on higher than expected reserves,

Reuters:   India will allow the Research In Motion (NASDAQ: RIMM) Blackberry to continue in service beyond an August 31 deadline.

Reuters:   RIM and the United Arab Emirates are close to a Blackberry service agreement.

Reuters:   Reynolds will buy PacTiv the Hefty Bag maker.

WSJ:   More and more high school students do not take tests for college

WSJ:   Google Inc (NASDAQ: GOOG) is having trouble selling its product to networks.

WSJ:  The battle between Bratz and Mattel (NYSE: MAT) over toys was escalated.

WSJ:   Dell (NASDAQ: DELL) investors protested the CEO remaining.

WSJ:   The SEC launched a probe of General Growth.

WSJ:   News Corp (NYSE: NWS) gave the Republican party $1 million.

WSJ:   Japan cell carriers are in a battle over mobile TV.

WSJ:   Vulture investors are helping homeowners.

WSJ:   Results from Walmart (NYSE: WMT) and Home Depot (NYSE: HD) show that retailers are keeping costs down.

WSJ:   A deal for a critical missile project being handled by Lockheed Martin was put on hold.

WSJ:   Geithner said the US need to play a role in the housing markets.

WSJ:   Eli Lilly (NYSE: ELY) stopped development of an Alzheimer’s drug because it was not promising.’

WSJ:   American Apparel could go bankrupt.

WSJ:   GM recalled  243,000 vehicles.

WSJ:   The head of Barnes & Noble (NYSE: BKS) added to his holdings in the face of a hostile takeover.

WSJ:   Google may be Like.com to increase it business for image search.

WSJ:   A judge said that a Barclay’s (NYSE: BCS) $298 million settlement with the US was too good a deal for the bank

WSJ:   Banks are fighting a plan to have bad loans pushed back to them by Fannie Mae and Freddie Mac

WSJ:   China will open its currency markets to foreign investors.

NYT:   China set new rules for banks loans made off the books

FT:   American companies will be forced to disclose the sources of minerals that they use.

FT:   New accounting treatment of leases could cause companies losses.

FT:   US firms are trying to match India call center costs.

Bloomberg:   GM may sell preferred stock as well as common.

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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