Media Digest (5/3/2011) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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The Nasdaq (NASDAQ: NDAQ) and ICE bid for NYSE Euronext (NYSE: NYX) became hostile. (Reuters)

A new hack put 25 million more PS accounts at risk, Sony (NYSE: SNE) said. (Reuters)

India raise rates by 50 basis points, more than expected. (Reuters)

Tokyo Electric may face $25 billion in liabilities. (Reuters)

Research In Motion (NASDAQ: RIMM) launched a new Blackberry Bold phone. (Reuters)

SK Telecom and KT, cellular providers in South Korea, ran out of Apple (NASDAQ: AAPL) iPad 2 models. (Reuters)

Twitter will try to buy Tweetdeck for $50 million. (Reuters)

Echostar and Dish will pay Tivo (NASDAQ: TIVO) to settle IP claims. (Reuters)

US car companies are back on the road to success because of a US led restructuring and problems with Japanese supply which have hurt its large manufacturers. (WSJ)

Loan growth by banks rose, but not by much. Demand for consumer loans is weak according to the Fed. (WSJ)

Treasury has begun to set plans to curtail spending and avoid a near term default on US paper. (WSJ)

Facebook’s profit growth make an IPO more likely. (WSJ)

High income taxpayers now have a larger portion of earnings going to taxes. (WSJ)

The ISM said US manufacturing slowed last month. (WSJ)

Teva bought Cephalon for $6. 8 billion. (WSJ)

Car sales in Japan had a record drop last month. (WSJ)

Community Health increased it bid for Tenet. (WSJ)

Arch Coal will buy International Coal for $3.4 billion. (WSJ)

Steel companies have started to raise prices. (WSJ)

The number of people who own TVs in the US fell. (NYT)

The price of rare earth metals has doubled because of China supply concerns. (NYT)

Treasury said tax revenue is higher than expected. (NYT)

Many people found out about bin Laden through social media. (NYT)

The Fed said mortgage demand dropped for the third consecutive quarter. (FT)

GM’s (NYSE: GM) China sales have become essential to taking the No.1 car manufacturer crown from Toyota. (NYSE: TM) (Bloomberg)

True Finns said they would not back talks on a Portugal bailout. (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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