Media Digest 8/23/2010

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Reuters:   Kenneth Feinberg took over the BP plc $20 billion escrow account.

Reuters:   Americans are confused about healthcare reform according to a new poll

Reuters:   Sinochem approached Potash (NYSE: POT) about countering its BHP (BHP) bid.

Reuters:   ILFC, a unit of American International Group (NYSE: AIG), repaid the government $4 billion.

Reuters:   Oil and the dollar moved up.

Reuters:   Blackstone (NYSE: BX) and Great Eagle entered a deal in China to build high-end apartments.

Reuters:   Kuwait and Qatar put money into the China AgBank IPO.

WSJ:   More US cities are privatizing assets.

WSJ:   Wall St. may have to cut jobs as financial reform comes into place.

WSJ:   Credit card rates are moving up.

WSJ:   New rules will give investors more say in elections of boards.

WSJ:   The US may overhaul as many as 26 tech programs worth $30 billion.

WSJ:   Mortgage fraud is rising.

WSJ:   Large public companies are considering options for their cash.

WSJ:   Studios are struggling to replace DVD sales with new forms of digital delivery.

WSJ:   A slowing market and volatile economic news may trigger more job cuts.

WSJ:   Bankers are selling 100-year bonds.

WSJ:   Housing numbers are likely to stay very weak.

WSJ:   Coffee bean prices are up.

WSJ:   A large number of IPOs is causing a jam to get them to market.

WSJ:  Values of stocks and bonds are being artificially affected by the Fed.

NYT:   Homeowners may not be able to use their houses to build wealth for some time.

NYT:   Members of Congress are  studying a bid from China’s Hauwei to supply telecom equipment to Sprint-Nextel (NYSE: S).

NYT:   Sony (NYSE: S) is upping its gamble on web TV.

NYT:   Dish Network (NASAQ: DISH) is offering more of its content online.

FT:   BHP Billiton (NYSE: BHP) is trying to lobby Canada on the benefits of its Potash (NYSE: POT) bid.

FT:   HSBC: HBC) is close to ownership of part of Nedbank.

FT:   Some brokers may be fined over their role in the “flash crash” that took markets down sharply.

FT:   App sales may be larger that voice revenue by 2013.

Bloomberg:   A rally in the UK pound is likely to be hurt as government budget cuts hurt economic growth.

Bloomberg:   A former head of the IMF says the Fed should sharply raise interest rates to prevent bubbles.

Bloomberg:   Boeing (NYSE: BA) will compete with Lockheed Martin (NYSE: LMT) over a $10 billion missile shield deal.

Bloomberg:   The price of commodities stocks has kept the S&P 500 up this quarter.

Bloomberg:   Sinopec (NYSE: SNP) margins are being hurt by the falling price in oil.

Bloomberg:   The housing slide could push the US back into recession.

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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