Media Digest (10/8/2010) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   The federal government will supply states with $1.5 billion in funds for small businesses.

Reuters:   Financial leaders around the world have begun to work to stop a currency war.

Reuters:   Japan will continue currency intervention.

Reuters:   Microsoft (NASDAQ: MSFT) will license some patents for Hewlett-Packard’s (NYSE: HPQ) Palm.

Reuters:   The United Arab Emirates (UAE) says it has resolved its differences with Research In Motion (NASDAQ: RIMM) over BlackBerry use.

Reuters:   Adobe (NASDAQ: ADBE) shares rose on rumors it could be bought by Microsoft (NASDAQ: MSFT).

Reuters:   Sanofi-Aventis shares fell as it continued it pursuit of Genzyme (NASDAQ: GENZ).

Reuters:   The head of Potash (NYSE: POT) once again rejected a bid from BHP Billiton (NYSE: BHP).

WSJ:   More questions came up about whether BP plc (NYSE: BP) allowed its analysis of the Gulf disaster to be tainted by an internal review.

WSJ:   The fall of the dollar further angered some world leaders ahead of an IMF meeting.

WSJ:   The Justice Department has begun to examine charges of bribery by Schlumberger in Yemen.

WSJ:   The FDIC will announce new rules for the break-up of failed banks.

WSJ:   The government will tell HSBC (NYSE: HBC) to improve risk management.

WSJ:   Amazon.com (NASDAQ: AMZN) opened an app store for Android to compete with one operating by Google Inc (NASDAQ: GOOG).

WSJ:   MGM will declare bankruptcy.

WSJ:   Moody’s may upgrade China’s bonds.

WSJ:   Quarterly sales rose at Alcoa (NYSE: AA).

WSJ:   The federal deficit should be below $1.3 trillion for the current fiscal.

WSJ:   Toyota Motor (NYSE: TM) will launch a new Prius model.

WSJ:   News organizations will build apps for the new Samsung Galaxy tablet PC.

WSJ:   Electronic trading of the yuan will begin soon.

WSJ:   US companies have begun to slow lay-offs but have not begun to add workers.

WSJ:   The Social Security Administration sent 89,000 checks to dead people.

WSJ:   Both US parties have begun to criticize China.

WSJ:   The ECB left rates flat and pressed for more austerity programs.

WSJ:   Greece will begin to sell some of its national assets to the private sector.

WSJ:   China will try to consolidate steel companies to improve quality production.

WSJ:   Restaurants have begun to see a return of customers.

WSJ:   S&P set GM’s ratings above Ford’s (NYSE: F).

WSJ:   Novartis set a deal to speed vaccine production.

WSJ:   Nokia (NYSE: NOK) has begun work to lure mobile software applications developers.

WSJ:   Private equity firms have had recent trouble raising money.

WSJ:   China sold off some of its investment in Japanese assets.

NYT:    Companies with junk ratings are able to raise money in a low interest rate period.

NYT:   GM will be able to pay low wages at a plant which will build small cars.

NYT:   S&P says nations will have to cut retirement benefits.

Bloomberg:   Germany’s exports fell.

Bloomberg:   BRICs opposed the US on currency controls.

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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