Media Digest (9/3/2010) Reuters, WSJ, NYTimes, FT, Bloomerg

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By Douglas A. McIntyre Updated Published
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Reuters:   China has approached a Canadian fund about a rival bid for Potash (NYSE: POT)

Reuters:   The cost of Gulf clean-up hit $8 billion.

Reuters:   China said that its $2.45 trillion currency holdings was mostly in dollars and said it may have to depreciate part of the value of the fund.

Reuters:   The White House said that no second stimulus is being considered.

Reuters:   One Senator said food safety was a priority for the body.

Reuters:   Google Inc (NASDAQ: GOOG) is preparing a music download business to compete with Apple Inc. (NASDAQ: AAPL).

Reuters:  Netflix (NASDAQ: NFLX) may get new growth due to its relationship with Apple.

Reuters:   Verizon (NYSE: VZ) will offer prepaid options for cellphones.

Reuters:   Hewlett-Packard (NYSE: HPQ) won the bidding for 3PAR (NYSE: PAR) and paid $2.4 billion, topping a bid by Dell Inc. (NASDAQ: DELL).

WSJ:   Toshiba will launch a new tablet PC.

WSJ:   Roche has created a cost-cutting plan.

WSJ:   The Treasury must decide how many large foreign investors it will allow to put money into GM.

WSJ:   Retailers had a modest uptick in August sales.

WSJ:   Workers carried a bigger burden of healthcare costs last year.

WSJ:   Samsung launched an Apple Inc iPad rival.

WSJ:   Aol (NYSE: AOL) widened its relationship with Google Inc.

WSJ:   Baidu (NASDAQ: BIDU) started an app store.

WSJ:   The European Central Bank raised its growth forecasts for the year.

WSJ:   3G Capital Management bought Burger King (NYSE: BKC) for $3.3 billion.

WSJ:   GM, Ford Motor (NYSE: F) and Toyota (NYSE: TM) posted sales gains in China.

WSJ:   Avis (NYSE: CAR) raised its bid for Dollar Thrifty (NYSE: DTG).

WSJ:   Walt Disney (NYSE: DIS) and Time Warner (NYSE: TWC) reached a deal on content carriage fees.

WSJ:   Average mortgage rates hit another new low.

NYT:   BP plc says limits on Gulf drilling will hurt its oil spill payouts.

NYT:   Google’s YouTube should bring in $450 million in revenue this year, most of which will be from advertising.

NYT:   A strong yen has helped German exports.

NYT:   Theong yen will cripple Toyota Motor profits.

NYT:   Putin extended a ban on grain exports.

FT:   There is growing anxiety about food shortages around the world.

FT:   Foreign companies are up against unreasonable rules in China, according to the European Chamber of Commerce.

Bloomberg:   The EU may limits naked shorting and shorting of government debt.

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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