Media Digest (10/20/2010) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   Geithner said the major currencies are “in alignment” but need negotiations to make sure their status remains that way.

Reuters:   Toyota (NYSE: TM) will fix 1.52 million Avalons.

Reuters:   The Administration said the mortgage problems were not “systemic.”

Reuters:   Apple Inc (NASDAQ: AAPL) launched a Macbook Air similar to the iPad.

Reuters:   Dell (NASDAQ: DELL) plans an ad campaign to improve its image as a provider of high-end machines.

Reuters:   The head of Conoco Philips (NYSE:COP) said the company may sell $10 billion in assets.

WSJ:   A drought has spread across the South and Midwest.

WSJ:   Goldman Sachs Group (NYSE: GS) may buy back the $5 billion investment made in the firm by Warren Buffett.

WSJ:   Geithner want to spend part of the G20 meeting to press for a global economy that depends less on the US consumer.

WSJ:   Problems at Credit Suisse (NYSE CS) hurt profits.

WSJ:   The US plan to regulate banks has been difficult because international plans about the financial system are incomplete.

WSJ:   The growth of China’s economy slowed in the third quarter.

WSJ:   Companies have begun to raise prices to offset higher commodities and metal costs.

WSJ:   The UK launched a huge austerity program.

WSJ:   PayPal results helped eBay (NASDAQ: EBAY) earnings.

WSJ:   The US may sell Saudi Arabia $60 billion in arms.

WSJ:   The Beige Book showed slowed economic growth.

WSJ:   The drop in the value of the dollar will not do much to help the US economy rebound.

WSJ:   Airline profits soared last quarter.

WSJ:   Procter & Gamble (NYSE: PG) will launch new marketing campaign to support recently released products.

WSJ:   Boeing (NYSE: BA) earnings moved from a loss to a profit.

WSJ:   The Samsung Galaxy tablet will cost $599 at Verizon Wireless stores.

WSJ:   A group may buy The Boston Globe from The New York Times Company (NYSE: NYT).

WSJ:   Fannie Mae and Freddie Mac may use lawsuits to recoup billions losses on bad syndicated loans.

NYT:   Courts will be hit by a wave of cases in which people will try to hold on to foreclosed homes.

NYT:   The housing secretary said there is no widespread problem in the foreclosure system

NYT:   Graco recalled millions of strollers.

FT:   The UK will cut its budget by an amount that is close to 4.5% of GDP.

FT:   The Federal Reserve may set a system of flexible repurchases of securities.

FT:   Obama must confront a lock down of the mortgage market.

FT:   Boeing said emerging markets have helped profits.

Bloomberg:   The price of rare earth skyrocketed as China cut exports.

Bloomberg:   Walmart (NYSE: WMT) has begun to look to Africa’s 1 billion consumers.

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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