Media Digest (5/16/2011) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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IMF head Dominique Strauss-Kahn was charged with sexual assault in NYC (Reuters)

Glencore raised the mid-point of the price range of its IPO (Reuters)

Research In Motion (NASDAQ: RIMM) recalled 1,000 Playbook netbooks (Reuters)

AOL (NYSE: AOL) launched AOL Industry which will bring social media and other online services to the enterprise markets (Reuters)

Sony (NYSE: SNE) began to restart its PlayStation online network. (Reuters)

Alibaba, Softbank, and Yahoo! (NASDAQ: YHOO) have started negotiations to resolve differences about the moving of a key Alibaba division to private ownership (Reuters)

Canada banks bid for TSX, an offer above that of the LSE (Reuters)

BP (NYSE: BP) may buy out the Russian partner it its TNK joint venture (Reuters)

Wellpoint may cut the raises it gives hospitals each year if they do not pass quality standards (WSJ)

BP is still in the process trying to save its Arctic drilling plans in Russia (WSJ)

A transaction to refinance Chrysler’s balance sheet has hit snags (WSJ)

US inspections found some problems at nuclear reactors which might be vulnerable to floods and earthquakes (WSJ)

The US is expected to reach its $14.294 trillion debt ceiling today (WSJ)

AutoNation car dealers suffer from shortages of cars due to the earthquake (WSJ)

Wal-Mart’s (NYSE: WMT) earnings will show if its US operations has turned a corner (WSJ)

Galaxy Entertainment continues its push into the Macau market (WSJ)

US investors moved to defensive “safe” stocks and out of tech (WSJ)

Investors who have reviewed AIG’s stock sale have begun to express interest (WSJ)

LinkedIn’s IPO will launch this week (WSJ)

An EU committee will propose that cellphone companies do not keep location data and other private information about their customers (NYT)

Concerns about new US tax rates have accelerated some M&A deals (FT)

McDonald’s (NYSE: MCD) will change the way that it takes food orders in Europe (FT)

Aid for Greece may be affected by the arrest of Strauss-Kahn (Bloomberg)

Stock analysts in Europe have sharply cut many earnings forecasts (Bloomberg)

The CICC will raise nearly $800 million for a takeover fund (Bloomberg)

The euro trouble could hit Eastern European economies

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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