Media Digest (9/23/2010) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   The Chinese premier said he would not succumb to pressure from the US on the value of the yuan.

Reuters:   An SEC watchdog said the timing of the charges against Goldman Sachs Group (NYSE: GS) was “suspicious.”

Reuters:   Dell Inc. (NASDAQ: DELL) released it table PC.

Reuters:   Facebook has begun work on two smartphones.

Reuters:   A Harris Interactive survey showed rapid adoption of e-readers.

Reuters:   A sale of Petrobras shares was oversubscribed.

Reuters:   Potash (NYSE: POT) sued BHP Billiton (NYSE: BHP) on its takeover offer.

WSJ:   Banks face legal pressure to make up for losses in pools of low-end mortgages.

WSJ:   Walmart (NYSE: WMT) is fighting a sabotage campaign by grocery stores.

WSJ:   Abbott Labs (NYSE: ABT) recalled 5 million containers of Similac

WSJ:   Novartis received approval for its MS drug.

WSJ:   GM will need a very high valuation for its IPO to pay back the Treasury.

WSJ:   The pace of the Obama mortgage modification slowed again.

WSJ:   The chance that the Fed could buy Treasuries pushed gold up and the dollar down.

WSJ:   State and local debts will not be resolved to the satisfaction of pension holders and debtholders.

WSJ:   Japan may lower its corporate tax rate.

WSJ:   The New York Times Company (NYSE: NYT) warned on earnings due to ad trouble.

WSJ:   Starbucks (NASDAQ: SBUX) will raise the price of some coffee drinks.

WSJ:   Nielsen may increase its role in measuring online ads.

WSJ:   An increase in cotton prices could hurt apparel earnings.

WSJ:   Microsoft (NASDAQ: MSFT) is paying record low yields on its new bonds.

NYT:   There is an industry that buys Apple Inc. (NASDAQ: AAPL) iPhones in NYC and unlocks them to be sent to China.

NYT:   China stopped the exports of certain rare earth elements to Japan.

NYT:   Insurers are working to comply with new health care rules.

NYT:   The Facebook currency called Credits is gaining traction on the social network.

NYT:   Bill Gates and Warren Buffett stayed at the top of the Forbes 400.

FT:   The government will cut its estimate for the costs of TARP.

FT:   The US Congress may attack the valuation of the yuan.

FT:   Siemens promised some German workers jobs for life.

FT:   Blockbuster settled with creditors.

Bloomberg:   World central banks are having trouble moving away from crisis mode.

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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