Media Digest (8/31/2010) Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   Dell (NASDAQ: DELL) is expected to stop bidding for 3Par (NYSE: PAR).

Reuters:   BHP Billiton ((NYSE: BHP) says it will not divest Potash (NYSE: POT) divisions.

Reuters:   Consumer spending rose slightly last month.

Reuters:   The yen moved to a 15-week high as BOJ plans failed to help.

Reuters:   Google Inc (NASDAQ: GOOG) will offer a priority mailbox to hold important messages.

Reuters:   Research In Motion (NASDAQ: RIMM) will not have its BlackBerry service shut down in India for now.

Reuters:   3M (NYSE: MMM) will buy Cogent for $943 million.

Reuters:   Intel (NASDAQ: INTC) bought the mobile chip assets on Infineon.

Reuters:   Ron Burkle says he had not planned to take control of Barnes & Noble (NYSE: BKS).

Reuters:   Major hedge funds are dropping investments in equities

Reuters:   Genzyme (NASDAQ: GENZ) rejected a bid from Sanofi-Aventis

WSJ:   The US wants car companies to offer report cards on fuel economy.

WSJ:   Some buyers are paying substantial amounts for the assets of failed banks.

WSJ:   Companies sued by Paul Allen for IP patent violations may be able to say he waited too long.

WSJ:   India’s economy expanded at 8.8%.

WSJ:   Chrysler will begin to sell Fiats.

WSJ:   Samsung will begin to sell apps for TV.

WSJ:   Google bought a social game company called SocialDeck.

WSJ:   Telecom companies may get access to unused TV airwaves.

WSJ:   The government may force airlines and convenience stores to post calorie numbers for food.

WSJ:   The FDA found many contaminants in eggs production facilities.

WSJ:   The IMF will expand its loan options to help underdeveloped nations which may encounter financial problems.

WSJ:   Eurozone consumer confidence improved.

WSJ:   About 2,000 employers and unions will be able to tap a $5 billion government fund for medical bills.

WSJ:   Clearwire (NASDAQ: CLWR) will offer prepaid 4G service.

WSJ:   Google reached a new deal with AP to distribute its news.

WSJ:   Motorola (NYSE: MOT) will push into China.

WSJ:   Global chip sales rose in July.

WSJ:   Windward Investment Management, an ETF company, will be bought by Charles Schwab (NASDAQ: SCHW)

WSJ:   The Treasury will sell $69 billion in notes.

WSJ:   ETFs are emerging for people who want to bet on the spread between M&A buyout offers and the prices that companies  that are for sale want to get.

WSJ:   Phama companies are working on more drugs to treat blood clots.

FT:   New US laws on compensation will create difficulties when matching CEO to worker ratio levels.

FT:   US housing problems are increasing construction unemployment.

FT:   Shares in airlines are rising due to the recovery.

Bloomberg:   Samsung has altered its strategy in a bid to take on Apple Inc. (NASDAQ: AAPL)

Bloomberg:   Car sales may hit a 28-year low, according to researcher Ward’s AutoInfoBank.

Bloomberg:   The Toyota Motor (NYSE: TM) Prius is likely to remain the top-selling car in Japan.

Bloomberg:   Summer movie box office receipts may hit a low not seen since 1997, according to Hollywood.com Box-Office.

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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