Media Digest 9/10/2010 Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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WSJ:   The CEO of Nokia (NYSE: NOK) left the company.

Reuters:   BP plc (NYSE: BP) will delay Q3 results as it accounts for costs of the oil spill.

Reuters:   The SEC has begun a probe of several investment advisory firms.

Reuters:   Geithner will testify before a House committee about the value of the yuan.

Reuters:   Apple Inc. (NASDAQ: AAPL) changed the rules for its Apps Store which will help Adobe (NASDAQ: ADBE) Flash.

Reuters:   A weak outlook from chipmakers raised concerns about the economy.

Reuters:   Deutsche Bank (NYSE: DB) may raise 9 billion euros.

Reuters:   Casey’s in in buyout talk with 7-Eleven.

WSJ:   Nomura is increasing the size of it US operations.

WSJ:   The Harvard endowment rose a modest 11%.

WSJ:   The SEC is looking more carefully at the fall of Lehman Bros.

WSJ:   China’s trade surplus narrowed.

WSJ:   A probe into possible Hewlett-Packard (NYSE: HPQ) bribes in Russia grew larger.

WSJ:   Nokia is pressing its competition with the iPhone.

WSJ:   Ebay’s (NASDAQ: EBAY) PayPal expects to do well in China.

WSJ:   Ebay won a key court case against Craigslist in which it owns a large share.

WSJ:   Tokyo pressed China to increase in the value of the yen.

WSJ:   The United Steel Workers filed a complaint about Chinese imports.

WSJ:   The Department of Agriculture said the inspections of eggs failed to catch poison.

WSJ:   A ban on stem cell research funding was temporarily lifted.

WSJ:   The US pressed healthcare insurance companies which raised rates.

WSJ:   3M (NYSE: MMM) has increased its spending on M&A.

WSJ:   ANA will launch a low-fare carrier.

WSJ:   China car shipments rose 18.7% and dealers cut inventory.

WSJ:   Ireland successfully sold debt despite trouble in its financial industry.

WSJ:   Singapore sovereign-wealth fund GIC will raise $3 billion.

WSJ:   According to a study, “Deal or No Deal: Hormones and the Mergers and Acquisitions Game”, young CEOs can destroy shareholder value.

NYT: Austan Goolsbee will become head of the Council of Economic Advisers.

NYT:   The EPA will look at chemicals used to get at natural gas deposits.

NYT:   The US is pressing the IMF for a greater role.

FT:   The head of Microsoft’s (NASDAQ: MSFT) business software group, Steve Elop, will run Nokia.

FT:   Trichet called for tougher rules on nations which do not meet budget restrictions.

FT:   Japan’s growth picked up slightly.

Bloomberg:   The Chinese trade surplus was $20 billion which mean the US will put further pressure on the Asian country about the value of the yuan.

Bloomberg:   Chinese property prices rose 9.3% in August.

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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