Media Digest (2/23/2011) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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Nasdaq OMX may bid for the New York Stock Exchange (NYSE: NYX) (Reuters)

Oil reached a 2 1/2 high on Middle East concerns (Reuters)

Hewlett-Packard (NYSE: HPQ) made a grim forecast for 2011 and its shares dropped (Reuters)

Barclays (NYSE: BCS) won a $11 billion suit over its dealings with Lehman Bros.

Gold moved back toward $,1400 (Reuters)

The Bank of Japan is positive on the nation’s economy as it move toward an annual drop in exports (Reuters)

The euro rose on comments by the European Central Bank about raising interest rates (Reuters)

Investors worry about the “vision” of Apple (NASDAQ: AAPL) COO Tim Cook (Reuters)

Apple’s iPad 2 will be released on March 2 (Reuters)

Huawei won a court order to keep Motorola Solutions from disclosing trade secrets to Nokia Siemens Network (Reuters)

CBS (NYSE: CBS) set a deal with Netflix (NASDAQ: NFLX) to stream programs from the network (Reuters)

TMX said if Canada blocked its deal with the London Stock Exchange that it would damage free trade (Reuters)

Ernst & Young said gold mining M&A would increase this years (Reuters)

The SEC is examining trading in private company equity like that of Facebook (WSJ)

Unions face a loss of power as states try to force concessions. The trouble could be greater than at any time since Ronald Reagan was in office (WSJ)

Juniper (NASDAQ: JNPR) and Hewlett-Packard (NYSE: HPQ) are trying to take switching business from Cisco (NASDAQ: CSCO) where it is the firm’s largest business (WSJ)

Carl Icahn is trying to take over Mentor Graphics (WSJ)

The Bernie Madoff trustee said Citigroup (NYSE: C) ignored warnings about the financier’s fraudulent activity (WSJ)

China will press to increase its ore assets outside the country (WSJ)

Juniper will launch a new network system (WSJ)

An article in JAMA said cellphone use stimulates activity in the brain near where the antenna is located (WSJ)

Senator Harry Reid will propose legislation to keep the government open for a month if the two parties do not reach a compromise to keep the federal government open (WSJ)

Case-Shiller data showed home prices dropped again in December (WSJ)

Russia may not be accepted into the World Trade Organization (WSJ)

A fall off in the number of car dealerships is helping those which remain to stay profitable (WSJ)

Amazon.com (NASDAQ: AMZN) increased the scope of its video streaming unit (WSJ)

Holly and Frontier Oil will merge (WSJ)

Macy’s (NYSE: M) posted strong earnings and a robust forecast (WSJ)

Institutional Shareholder Services recommended a plan to take J Crew (NYSE: JCG) public (WSJ)

Some commercial building has been revived by new access to bank capital (WSJ)

The NYSE will probably have to go through a large government investigation into its merger with Deutsche Borse (WSJ)

China appears to have opened trading of the yuan (WSJ)

Cocoa reached a 31-year high (WSJ)

State employ union protests moved to Ohio and Indiana (NYT)

Banks are shuttering branches in poor areas but opening them in more affluent ones (NYT)

The Financial Industry Regulatory Authority often discloses broker problems slowly (NYT)

The Supreme Court ruled against a family which said it had suffered due to a Wyeth vaccine. (NYT)

The ECB said EU nations have done to little to pressure nations in the region to cut government spending (NYT)

Consumer confidence rose to a three-year high (NYT)

China is limiting the activities of those who want to challenge the government at Middle East protests grow (FT)

The head of the Chicago Fed supports the agencies attempt to use monetary policy to help the economy (FT)

Angela Merkel said the EU is open to refinancing Greek debt to drive confidence in the euro (Bloomberg)

China consumer confidence fell because of inflation (Bloomberg)

Apple’s board is still under pressure to create a succession plan (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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