Media Digest (2/22/2011) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Investors are concerned about whether Wal-Mart’s  (NYSE: WMT) US  store division has grown. (Reuters)

Moody’s cut its outlook on Japan to negative due to concerns about whether government austerity measures will work. (Reuters)

US oil prices reach 2 1/2 year highs on Libya worries. (Reuters)

Corelogic data shows that the National Association of Realtors may have over-counted home sales. (WSJ)

China workers pressed Apple (NASDAQ: AAPL) on worries about their health. (Reuters)

Markets in Asia and Europe fell on Libya concerns. (Reuters)

Hewlett-Packard (NYSE: HPQ) should post good quarterly results but Wall St. knows little about plans by CEO Leo Apotheker. (Reuters)

Alibaba shares fell as the CEO was forced out. (Reuters)

Spotify may get a $100 million investment from DST. (TechCrunch)

BHP Billiton (NYSE: BHP) will buy shale gas deposits from Chesapeake Energy (NYSE: CHK). (Reuters)

BP (NYSE: BP) and Reliance set a venture to drill for deepwater oil. (Reuters)

Oil prices passed from refineries to gas stations reflect a real price of oil at $100. (WSJ)

Dynegy management and some board members will leave after a failed attempt to sell the firm. (WSJ)

The FDIC may sue some WaMu executives. (WSJ)

Blockbuster got a $290 million bid from some stakeholders. (WSJ)

Banks have slowed increases in credit card fees. (WSJ)

Labor unions concerned about a Wisconsin plan to cut collective bargaining will protest in other states. (WSJ)

Union members in Indiana struck due to plan by the state to cut some of their rights. (WSJ)

A fight between Republicans and Democrats made a shutdown of the federal government more likely. (WSJ)

A bill in Congress could increase the size of state budget deficits. (WSJ)

Oil companies cut operations in Libya. (WSJ)

Diageo bought Turkey”s Mey Içki Sanayi ve Ticaret for $2.1 billion. (WSJ)

An Ernst and Young study shows more American companies will locate R&D outside the US. (WSJ)

Some large investors believe Treasuries yields will move to 4% this year. (WSJ)

Results from China IPOs in the US have been mixed but there are more to come. (WSJ)

China social media company Renren may have a US IPO. (WSJ)

Silver hit a 31 year high. (WSJ)

Low priced items on Amazon.com (NASDAQ: AMZN) have hurt retail sales at bricks-and-mortar stores. (WSJ)

Makers of children’s products are fighting some safety rules. (NYT)

Cotton traders are locked in a fight with American farmers. (FT)

China factors are having trouble finding workers despite higher pay offers. (FT)

US stocks have outperformed those in emerging markets. (Bloomberg)

Greece urged Germany to buy back sovereign debt. (Bloomberg)

Large oil companies are still aggressively selling refineries. (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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