Media Digest (10/1/2010) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   Hewlett-Packard (NYSE: HP) named the former CEO of SAP (NYSE: SAP) as CEO and a former president of Oracle (NASDAQ: ORCL) as chairman.

Reuters:   A trade  by Waddell & Reed Financial helped start the flash crash.

Reuters:   China’s PMI growth as PMI rose to 53.8 in September from 51.7 in August.

Reuters:   Oil moved back above $80 on strong data from the US and China.

Reuters:   India rejected a data solution from Research In Motion (NASDAQ: RIMM), maker of the BlackBerry.

Reuters:   The CEO of Microsoft (NASDAQ: MSFT) had a lower bonus because of failures of the company’s mobile strategy.

Reuters:   American International Group (NYSE: AIG) plans to increase return to taxpayers quickly.

Reuters:   BHP Billiton (BHP) will soon challenge legal objections to its offer for Potash (NYSE: POT)

Reuters:   Dollar Thrifty (NYSE: DTR) shareholders rejected a Hertz (NYSE: HTZ) offer.

WSJ:   Small investors left the stock market in the third quarter.

WSJ:   P&G’s (NYSE: PG) will launch inexpensive razors in India.

WSJ:   Sprint-Nextel (NYSE: S) executives left the Clearwire (NASDAQ: CLWR) board, which may begin a possible takeover move.

WSJ:   Carl Icahn bought MGM studio debt and pressed for a merger with Lions Gate.

WSJ:   Microsoft will launch a line of smartphones which will operate on the AT&T (NYSE: T) network.

WSJ:   The NFL may distribute programs on tables which operate on the Verizon Wireless network.

WSJ:   Apple Inc (NASDAQ: AAPL) will make its Nano smaller

WSJ:   Problems in Ireland cause investors to reconsider the strength of EU finances.

WSJ:   Over 100 people have been charged in the US and UK with hacks of bank accounts to steal money.

WSJ:   Federal agencies will be flexible on plans the effect McDonald’s (NYSE: MCD) worker health care plans.

WSJ:   Bloomberg and Murdoch pressed Congress to ease rules for well-trained immigrants.

WSJ:   The IMF said austerity plans will hurt GDP growth in a new analysis in its World Economic Outlook

WSJ:   Regulators told Congress that Johnson & Johnson (NYSE: JNJ) moved too slowly on OTC drug manufacture issues.

WSJ:   Fisher Price agreed to a new toy recall.

WSJ:   Comverse Technology has become a potential takeover target with Oracle as the lead candidate to make an offer.

WSJ:   Principal Financial Group will leave the health insurance business.

WSJ:   Ford Motor (NYSE: F) will try to repair the image of its Lincoln division.

NYT:   Evictions from foreclosures may slow as more documents show that some actions were improper.

NYT:   The TARP bailout will cost less than earlier believed.

NYT:   Eli Lilly (NYSE: ELI) faces the loss of patent protection on a large number of its drugs.

FT:   Stocks in the US had their best September since 1939.

FT:   BP plc (NYSE: BP) may reinstate its dividend next year.

Bloomberg:   Sinopec (NYSE: SNP) will put $7.1 billion into the Brazilian unit of Repsol.

Bloomberg:   German retail sales fell in August.

Bloomberg:   China’s PMI moved up in September.

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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