Media Digest (10/14/2010) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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WSJ:   Private equity interests and AOL (NYSE: AOL) may make a bid for Yahoo! (NASDAQ: YHOO).

Reuters:   RealtyTrac said the number of homes taken by foreclosure topped 100,000 for the first time ever in September.

Reuters:   Gold rose and the dollar dropped as Singapore tightened policy to let its currency rise.

Reuters:   Microsoft (NASDAQ: MSFT) expanded its relationship with Facebook as part of its plan to gain search market share.

Reuters:   Sony (NYSE: SNE) delayed the launch of its best-selling “Gran Turismo video game.

Reuters:   The chairman of GM said the company’s IPO would be priced in a range between $20 and $25.

WSJ:   Steve Rattner settled charges by the SEC for $5 million and an industry ban.

WSJ:   Wal-Mart will open small stores in many of the country’s large cities.

WSJ:   Fannie Mae and Freddie Mac may have recommended law firms that handled foreclosures–perhaps improperly.

WSJ:   Some homebuilders have come out of bankruptcy with strong balance sheets and good land assets.

WSJ:   An internal inspector cleared the SEC of any wrongdoing in the Goldman Sachs Group (NYSE: GS) case.

WSJ:   The Brookings Institution’s Hamilton Project says some communities damaged by the recession may take years to recover.

WSJ:   The EPA approved new, higher 15% level for ethanol in gasoline used by cars.

WSJ:   China’s foreign currency reserve rose by $194 billion in the last quarter.

WSJ:   Germany warned that China’s currency stance could cause a trade war.

WSJ:   Occidental Petroleum’s long-time CEO Ray Irani will leave.

WSJ:   BMW will increase SUV production at its plant in Georgia.

WSJ:   Sirius XM (NASDAQ: SIRI) posted strong quarterly earnings and subscriber gains.

WSJ:   Global PC shipments posted only a modest rise last quarter according to IDC and Gartner

WSJ:   Anglo Irish Bank creditors have started to fight a government bailout.

NYT:   Many banks did not respond to sign of mortgage trouble.

NYT:   The Institute of Medicine said food should carry labels that warn more aggressively about health side effects.

FT:   Wells Fargo (NYSE: WFC) may have hard a large share of mortgage foreclosures which were not properly handled.

FT:   Japan warned China and South Korea on currency prices.

FT:   Oil trading firm Vitol said crude would remain below $100.

Bloomberg:   Yahoo! Inc. (NASDAQ: YHOO) has hired Goldman Sachs Group (NYSE: GS) to handle takeover offers.

Bloomberg:   A Toyota Motor (NYSE: TM) safety audit found “misunderstandings” with suppliers.

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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