Media Digest (2/8/2011) 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.

Regulators will push to keep Wall St. firms from side stepping regulations on financial firm pay. (Reuters)

Toyota Motor’s (NYSE: TM) fiscal third quarter profits fell but it increased it forecast for production during the balance of the year. (Reuters)

Chipotle faces the dismal of hundreds of workers because they are illegal immigrants. (Reuters)

Stocks in developed Asia markets like Australia and Japan have risen because of the recovery in the region. (Reuters)

McAfee (NYSE: MFE) says cellphone security threats have gone up sharply. (Reuters)

Sprint Nextel (NYSE: S) will release a new dual screen phone made by Kyocera. (Reuters)

Big Lots (NYSE: BIG) will put itself up for sale. (Reuters)

The home market has been helped recently by cash buyers, according to Zillow. (WSJ)

Asian currencies moved higher in anticipation that governments will take actions to curb inflation. (WSJ)

Obama said companies should use the cash on their balance sheets to expand and add jobs. (WSJ)

Obama may change part of the healthcare bill to cover worker long-term car insurance. (WSJ)

The US and Brazil have joined to force China’s hand on yuan valuation. (WSJ)

US lumber exports to China are up sharply. (WSJ)

Many store chains have turned to private label beer which has caused strong reactions from brewers like Anheuser Busch. (WSJ)

Danaher agreed to acquire medical-test maker Beckman Coulter for $5.87 billion. (WSJ)

Chesapeake Energy will sell some of its natural gas assets. (WSJ)

Ensco agreed to buy Pride International for $7.3 billion. (WSJ)

The Verizon iPhone will have hardware to prevent the dropped calls caused by earlier versions of the smartphone. (WSJ)

JP Morgan (NYSE: JPM) will take gold as collateral which has give the metal the status of a AAA security.

Banks have increased their lending to small firms. (WSJ)

The Boston Consulting Group has issued a report that banks may lose $25 billion year in revenue because of new credit card regulations. (WSJ)

The yield on junk bonds is near an historic low. (WSJ)

Retail firms have begun to sack executives after weak holiday sales. (NYT)

The SEC has become more active in investigating the content of mortgage securities. (FT)

VW reached a wage agreement with German workers. (Bloomberg)

Microsoft (NASDAQ: MSFT) will reorganize to put engineers into senior jobs. (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