Media Digest (8/27/2010) Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   Bernanke may admit the economy is weak but not five details of the Fed’s plans.

Reuters:   Hewlett-Packard (NYSE: HPQ) outbid Dell (NASDAQ: DELL) for 3Par (NYSE: PAR) by offering $27 a share for the storage company.

Reuters:   Toyota Motor (NYSE: TM) will recall more than 1.1 million more cars.

Reuters:   US growth will probably be revised down due to inventories and trade.

Reuters:   The FDA tied chicken feed to the salmonella outbreak in eggs.

Reuters:   India says a trial solution for Research In Motion’s (NASDAQ: RIMM) BlackBerry will be tested.

Reuters:   Google Inc (NASDAQ: GOOG) launched a real-time search site.

Reuters:   Wireless prices are falling because of competition.

Reuters:   Berkshire Hathaway (NYSE: BRK.B) may buy all of vice chairman Munger’s Wesco stake.

Reuters:   Manulife and Ace may be bidders for NY Life Asia operations.

WSJ:   Boeing (NYSE: BA) will delay the launch of its Dreamliner until October 2011.

WSJ:   Johnson & Johnson (NYSE: JNJ) is recalling hip implants.

WSJ:   A review of a Roche cancer drug was rejected.

WSJ:   Carl Icahn reduced his stake in Motorola (NYSE: MOT)

WSJ:   Companies with weak balance sheets may be in trouble as they add debt.

WSJ:   State Street (NYSE: STT) and BlackRock will manage a $6 billion UAW fund.

WSJ:   Mark Hurd will sell his shares in HP.

WSJ:   ArcSight has put itself up for sale and Oracle (NASDAQ: ORCL) may be a bidder.

WSJ:   States are trying to get their workers to pay more for healthcare benefits

WSJ:   AMR (NYSE: AMR) will fight a planned fine by the FAA.

WSJ:   Geely’s plans for Volvo have begun to become public.

WSJ:   Bain is expected to buy Air Medical Group.

WSJ:   Hyundai sales in China are likely to pass those in its home market of South Korea.

WSJ:   Ford Motor (NYSE: F) will launch new models in India.

WSJ:   Novartis acquired 77% of Alcon.

WSJ:   Sony (NYSE: SNE) says it has no plans to increase LCD forecasts due to yen strength and a slowing US market.

WSJ:   Sands China may delay a casino project.

NYT:   Wind turbine projects are being resisted by the Defense Department because of radar disruptions.

NYT:   GPS may be used to land planes.

FT:   The SEC says it will bring more enforcement actions because of trouble caused by the credit crisis.

FT:   The BHP Billiton (NYSE: BHP) bid for Potash (NYSE: POT) faces trouble from a potash cartel.

Bloomberg:   Boeing will delay the Dreamliner because of trouble with Rolls Royce engines.

Bloomberg:   Ben Bernanke and ECU head Trichet may disagree over programs to help the economy.

Bloomberg:   Nokia’s (NYSE: NOK) credit rating may be cut.

Bloomberg:   PetroChina (NYSE: PTR) said it would press global expansion.

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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