Media Digest 1.5.2011 Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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LinkedIn will go public this year (Reuters)

China said the yuan was not the cause of trade problem with the US (Reuters)

BP plc (NYSE: BP) and other firms involved in the Gulf disaster made risky decisions according to a presidential panel (Reuters)

Microsoft (NASDAQ: MSFT) has sold 8 million Kinects in 60 days (Reuters)

Research In Motion (NASDAQ: RIMM) said there was substantial corporate interest in its new Playbook tablet PC RIM will launch a 4G versions with Sprint Nextel (NYSE: S) later this year (Reuters)

Motorola Mobility will launch a device that makes a smartphone work more like a PC (Reuters)

Microsoft and ARM will build a new portable device (Reuters)

Starz is in talks with Netflix (NASDAQ: NFLX) to launch its content onto the streaming service of the rental firm (Reuters)

Sears (NYSE: SHLD) and Urban Outfitters may buy J Crew (NYSE: JCG)

Qualcomm (NASDAQ: QCOM) will move into the tablet business with its new buyout of Atheros. (Reuters)

Goldman Sachs Group (NYSE: GS) has received huge interest from clients who want to buy shares in Facebook (WSJ)

The US corporate tax system may be updated soon (WSJ)

Global food prices hit a record (WSJ)

Health spending reached 17.6% of GDP in 2009 according to Health Affairs. (WSJ)

GM (NYSE: GM) will put phone recharge mats in cars (WSJ)

AT&T (NYSE: T) will use its existing network for its 4G distribution but LTE will not be available for three years (WSJ)

Ben Bernanke will take questions from the press at an event next month (WSJ)

Mine companies may be forced to add new safety features (WSJ)

Google (NASDAQ: GOOG) won a suit which claimed the Interior Department favored Microsoft in a bid for software products (WSJ)

Soundscan reports that album sales dropped for the ninth year out of the last ten (WSJ)

The new Starbucks (NASDAQ: SBUX) logo drops the word “coffee” (WSJ)

Industrial and commercial loan growth is back to pre-2008 levels (WSJ)

Chapter 11 filings by banks could save the FDIC significant money (WSJ)

A surge in TV sales worldwide has dropped (NYT)

HTC’s December sales doubled what they were a year ago (NYT)

Goldman Sachs Group (NYSE: GS) did not invest in an earlier round of Facebook money raising (NYT)

A watchdog called for a major overhaul of the US tax system (NYT)

China may begin to export high speed rail components (FT)

Soros say EU aid to Ireland will not solve the country’s financial problems (Bloomberg)

Goldman Sachs may sell and hedge positions in Facebook (Bloomberg)

JPMorganChase (NYSE: JPM) legal bills for credit crisis related issues may cut profits (Bloomberg)

KPMG International expects China manufacturers, VW, and Hyundai to gain market share by 2015.

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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