Media Digest (5/17/2011) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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BP plc’s (NYSE: BP) deal to drill in the Arctic dissolved as its venture with Rosneft faltered (Reuters)

Hewlett-Packard (NYSE: HPQ) will release results early after a note from its CEO was leaked (Reuters)

AOL’s (NYSE: AOL) CEO said there were no plans to take the company private (Reuters)

Yahoo! (NASDAQ: YHOO) faces hurdles as it works to iron out differences with Asia firm Alibaba (Reuters)

Nvidia (NASDAQ: NVDA) says it sees Google (NASDAQ: GOOG) Android overtaking Apple’s (NASDAQ: AAPL) products within three years (Reuters)

Nasdaq (NASDAQ: NDAQ) and ICE dropped a a deal to buy NYSE (NYSE: NYX) because of concerns about regulatory approval (Reuters)

The NY Attorney General will begin an investigation of large bank practices of bundling mortgage securities and selling them to clients. Bank of America (NYSE: BAC), Morgan Stanley (NYSE: MS) and Goldman Sachs Group (NYSE: GS) are part of the probe (WSJ)

Google sold its first bonds (WSJ)

The EU said its expects Greece to sell more assets if it is to get additional aid (WSJ)

Microsoft (NASDAQ: MSFT) will do more to increase its relationship with Facebook to try increasing Bing market share (WSJ)

Walmart (NYSE: WMT) hit  roadblocks as it tries to enter South Africa (WSJ)

Obama suspended regulations to cut emissions from chemical plants because of business objections (WSJ)

Bernanke supported more R&D spending as a way to revive the economy (WSJ)

Sam’s Club sales have helped Walmart’s revenue to advance (WSJ)

Netflix (NASDAQ: NFLX) will stream Marimax movies (WSJ)

SAP (NYSE: SAP) has changed its business to support more consumers apps (WSJ)

Goldman Sachs has increased the size of its investment bank (WSJ)

Cheap loans from banks have allowed large corporations to raise cash inexpensively (WSJ)

EU members may extend the time over which Greece pays its loans (Bloomberg)

A $111 billion bailout of Portugal was approved by EU members (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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