Media Digest 9/8/2010 Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   Japan’s plan to intervene in yen trading has not moved the currency lower.

Reuters:   Oil dropped as investor moved away from risk

Reuters:   Hewlett-Packard (NYSE: HPQ) sued to keep Mark Hurd from joining Oracle (NASDAQ: ORCL).

Reuters:   Google Inc. (NASDAQ: GOOG) will start its TV service in the US this year.

Reuters:   Sinochem has approached Temasek about a bid for Potash (NYSE: POT)

Reuters:   Dana turned down a KNOC offer to buy the company.

WSJ:   Insurers will raise rates on some people to offset the costs of healthcare reform.

WSJ:   Unilever believes that it can use algae in some of its foods.

WSJ:   US companies with business abroad have flourished. Those focused on sales in the US have not.

WSJ:   The SEC has examined “quote stuffing” as a part of its investigation into the “flash crash”. The practice may be fraudulent.

WSJ:   The BP plc (NYSE: BP) report on the Deepwater Horizon will assign some of the blame for the catastrophe on itself but plenty on other companies.

WSJ:   Web privacy firms are challenged to raise money.

WSJ:   China bought more Japanese bonds in July.

WSJ:   The price of the yen has raised the cost of some luxury goods in other markets, but lowered them in Japan.

WSJ:   Connecticut has pressured Craigslist on prostitution ads.

WSJ:   A new increase in Europe debt drove the euro down.

WSJ:   The head of HSBC (NYSE: HBC) took a government job and the bank has  scrambled to find a replacement.

WSJ:   The Obama stimulus bill will have trouble as it goes into Congress.

WSJ:   General Growth Properties will search for a new CEO.

WSJ:   Bristol-Myers Squibb (NYSE: BMY) will buy biotech firm ZymoGenetic for $375 million.

WSJ:   A federal court upheld an earlier decision that could delay the production of some generic drugs.

WSJ:   LCD panel prices have dropped.

WSJ:   Infosys said it has seen no drop in demand.

WSJ:   Vodafone (NYSE: VOD) will sell its stake in China Mobile (NYSE: CHL)

WSJ:   The drop in newspaper advertising slowed to 5.6% in the second quarter.

WSJ:   Gold hit a new peak.

WSJ:   Ireland extended more guarantees to its banks.

NYT:   Amazon.com (NASDAQ: AMZN) has tried to get its sellers to make packages easier to open.

NYT:   Consumer Reports has begun to rank surgeons.

FT:   Obama will push $200 billion in tax write-offs for new investment.

FT:   China says it will treat foreign investors fairly.

Bloomberg:   Greece has still not revealed details of how it hid some of its debt.

Bloomberg:   Nokia (NYSE: NOK) will show a new phone in the hopes it can compete with Apple Inc (NYSE: AAPL) and Research In Motion (NASDAQ: RIMM).

Bloomberg:   A finance professor at Notre Dame says the the S&P 500 has beat the increase in IPOs in the last quarter

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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