Media Digest (12/10/2010) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The new Apple (NASDAQ: AAPL) iPad may have front and back cameras. (Reuters)

Strength in the Chinese economy pushed crude back above $89. (Reuters)

The strength of China’s trade may cause a rise in interest rates in the country. (Reuters)

JP Morgan (NYSE: JPM) may expand its corporate bank operations. (Reuters)

WikiLeaks supporters may attempt more cyber attacks on websites viewed as enemies of the project. (Reuters)

Dell’s (NASDAQ: DELL) CEO says that the transformation of the company beyond a PC business has begun. (Reuters)

The Senate said the new tax bill would cost $858 billion over ten years. (WSJ)

The Federal Reserve’s plan to buy bonds has had little effect on the market. (WSJ)

US companies held $1.93 trillion in cash at the end of the quarter–11% of assets. The figure is the highest in 50 years. (WSJ)

The FAA will increase its inspection of Boeing (NYSE: BA) aircraft. (WSJ)

Bank of America (NYSE: BAC) began to complete some foreclosures. (WSJ)

Mortgage rates rose sharply which could cut the refinance business .(WSJ)

China’s trade surplus narrowed. (WSJ)

Johnson & Johnson (NYSE (JNJ) recalled a large number of Rolaids packages. (WSJ)

Community Health Systems made a $3.3 billion bid for Tenet. (WSJ)

Beckman Coulter may put itself up for sale. (WSJ)

The ECB said if counties do not stay with their austerity plans the bond markets will punish them. (WSJ)

A power outage at a Toshiba plant could sharply cuts its chip shipments. (WSJ)

ConAgra cut its outlook for 2011. (WSJ)

Sinopec bought the Argentinian units of Occidental Petroleum. (WSJ)

Howard Stern will remain with Sirius XM Radio (NASDAQ: SIRI). (WSJ)

GE (NYSE: GE) faces more questions about whether its conglomerate structure makes sense. (WSJ)

China could become the world’s largest importer of corn. (WSJ)

Holiday shoppers are using cash in the place of credit cards. (NYT)

More day traders are based outside the US. (NYT)

China’s exports rose more than expected. (FT)

Goldman Sachs Group’s (NYSE: GS) CDS trades during the credit crisis are being examined. (FT)

Panasonic will sell more than 21 million TVs this year. (Bloomberg)

Berkshire Hathaway (NYSE: BRK.B) added 3,000 jobs this year. (Bloomberg)

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.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618