Media Digest (12/22/2010) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Bonuses for bankers around the world will drop 7%. (Reuters)

FCC commissioners voted along party lines to approve new internet access rules. (Reuters)

Microsoft (NASDAQ: MSFT) will launch a version of Windows for tablet PCs. (Reuters)

Intel (NASDAQ: INTC) won FTC approval for its McAfee deal. (Reuters)

The US will sell its AIG (NYSE: AIG) stock next year. (Reuters)

Mark Hurd, current president of Oracle (NASDAQ: ORCL) and former CEO of Hewlett-Packard (NYSE HPQ), wants the letter of the woman which caused his downfall from H-P to be kept private (WSJ)

Prosecutors have accused Ernst & Young of covering up accounting problems at Lehman Bros. (WSJ)

One trader has captured a large part of the copper market. (WSJ)

The California Public Employees’ Retirement System wants Apple (NASDAQ: AAPL) to change its governance system to give shareholders more power in the election of directors. (WSJ)

Boston Scientific (NYSE: BCX)) has a dispute with the IRS over taxes. (WSJ)

American Airlines (NYSE: AMR) took its flights off Orbitz. (WSJ)

Moody’s warned Portugal on its debt rating. (WSJ)

The Department of Health and Human Services may gain the right to review rate increases from health insurers. (WSJ)

Toyota (NYSE: TM) expects Asian sales to help drive sales up 3% in its next fiscal. (WSJ)

Genzyme (NASDAQ: GENZ) may open M&A talks with Sanofi-Aventis. (WSJ)

Verizon Wireless will sell Motorola (NYSE MOT) phones on its 4G network. (WSJ)

China made positive comments about EU debt. (WSJ)

Sears Holdings (NYSE: SHLD) faces trouble because of sales declines and poor store locations (NYT)

The US will make it easier for the FDA to recall foods. (NYT)

M&A activity was up 16% this year due to Asia. (FT)

China said it wold help Europe’s finances by purchasing more sovereign debt from the region. (FT)

The IMF has finished its program to sell gold. (FT)

Results from the US Census will help Republicans gain more strength in Congress. (FT)

The value of Chrysler Financial rose after the Treasury sold its shares. (Bloomberg)

Buyout loans are up because banks want to find business with high fees. (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.

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