Media Digest (2/11/2011) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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Reuters: A Deutsche Borse deal with the the NYSE (NYSE: NYX) faces regulatory resistance (Reuters)

Reuters: Microsoft (NASDAQ: MSFT) and Nokia (NYSE: NOK) will try to create competition for Google’s (NASDAQ: GOOG) Android (Reuters)

Management bonuses may reach 50% of salaries at GM (NYSE: GM) and Chrysler (Bloomberg)

Tension in Egypt drop crude higher (Reuters)

Apple (NASDAQ: AAPL) has begun work on a smaller version of the iPhone that will cost less than the current one in an effort to attack Android (Bloomberg)

Facebook may allow employees to sell up to $1 billion in stock (AllThingsD)

The rise in 30 year mortgage rates will undermine a housing recovery (WSJ)

Angela Merkel is angry that Axel Weber did not take the post as ECB chief and will press for him to leave as head of Bundesbank (Reuters)

The UK is testing bank finances based on scenarios of severe global disruption (WSJ)

Comscore said Microsoft Bing made strides in market share (WSJ)

US workers may make slightly more money this year which may help the consumer recovery (WSJ)

States must prepare for less federal aid at a time when their deficits are deepening (WSJ)

PepsiCo (NYSE: PEP) said commodity costs will hurt margins (WSJ)

Ebay (NASDAQ: EBAY) will use the success of PayPal to increase its sales growth (WSJ)

Ford Motor (NYSE: F) has begun to aggressively cut debt (WSJ)

The Committee on Foreign Investment in the United States will suggest a deal for China’s Huawei to buy the assets of 3Leaf Systems (WSJ)

Blockbuster will try to sell its assets as its financial position worses (WSJ)

Amazon.com (NASDAQ: AMZN) will close Texas facilities because of the state’s tax structure (WSJ)

The Washington Post (NYSE: WPO) will state a news aggregation site to help people set up their own personal news feeds (WSJ)

Exports have risen but the US will not be able to close its trade deficit soon (WSJ)

The SEC will fight budget cuts that would cripple its programs (WSJ)

Cotton moved up again toward an all-time high (WSJ)

China may lessen currency controls to make the yuan a more powerful part of global currency markets (NYT)

Obama plans a wireless system to bring broadband to much of the US population which odes not have service (NYT)

The Financial Crisis Inquiry Commission found that Citigroup (NYSE: C) was close to going under in 2008 (NYT)

Renault will redouble its attempts to gain global market share (FT)

Rio Tinto (NYSE: RTP) will buy back $5 billion in shares (FT)

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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