Media Digest 19/13/2010 Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   Geithner says there is no risk of a global currency war.

Reuters:   Hedge fund investors favor the stock market

Reuters:   Oil moved above $82 as China crude imports grew.

Reuters:   Sony (NYSE: SNE) launched a “connected TV” based on the Google (NASDAQ: GOOG) software operating system.

Reuters:   Intel’s (NASDAQ: INTC) Q4 forecast was positive.

Reuters:   Lions Gate will seek a merger with MGM which has been approved by large shareholder Carl Icahn.

WSJ:   The US ended a bill on deepwater drilling.

WSJ:   Standard Charter will raise over $5.2 billion in a rights offering.

WSJ:   Bernanke appears to have looked to mistakes by the Japan central bank over a year ago to help set the Fed’s course

WSJ:   China’s trade surplus narrowed.

WSJ:   Fraudulent foreclosure claims have started to slow the housing market.

WSJ:   Geithner says the yuan needs to rise substantially.

WSJ:   Starbucks (NASDAQ: SBUX) has asked its employees to slow the process of making coffee to improve the quality of drinks.

WSJ:   The Bank of Japan may buy more assets.

WSJ:   Federal Reserve actions are likely to push the dollar lower.

WSJ:   Google will fund a huge wind farm project.

WSJ:   More ethanol will be used in newer cars to cut the amount of gasoline.

WSJ:   Many cities have updated the size of their pension liabilities.

WSJ:   Unions in France will continue to strike as the government has raised the retirement age.

WSJ:   A&P will try to restructure its troubled balance sheet.

WSJ:   The GM Chevy Volt is not driven entirely by gasoline.

WSJ:   Alibaba will create a joint venture with Microsoft (NASDAQ: MSFT) in China to build a search engine to compete with Google and Baidu (NASDAQ: BIDU).

WSJ:   Chevron (NYSE: CVX) said its earnings would be down.

WSJ:   Fitch cut its rating of Eastman Kodak (NYSE: EK).

WSJ:   Profits at CSX and Cargill grew.

WSJ:   Verizon Wireless has experience with heavy data use from its Android-based phones that should help it maintain network speed when it begins to sell the Apple iPhone.

WSJ:   The borrowing costs for Greece fell in its latest auction.

WSJ:   The FDIC set new rules in the event a large bank has to be closed.

WSJ:   Corn hit a two-year high.

NYT:   It may take nine years for unemployment to reach recovery levels and thirteen years for home prices.

NYT:   GMAC has begun a review of mortgage practices.

NYT:   The FCC may require a system to force cellular companies to alert customers when their phone bills surge.

Bloomberg:   China’s trade surplus in the last quarter was the largest since the financial crisis began.

Bloomberg:   A Bloomberg national poll shows people are pessimistic about their children’s futures.

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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