Media Digest (6/9/2011) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Congressional leaders will consider tax cuts as part of talks on an increased US debt cap.  (Reuters)

Citigroup (NYSE: C) said hackers gained access to data on bank cards. (Reuters)

St Louis Fed Chief Bullard sees a US default as a major risk to international finance. (Reuters)

Brent crude moved to $118 after OPEC talks fell apart. (Reuters)

Coupons.com raised $200 million in a private share offer .(Reuters)

Rumors about M&A swirled around Nokia (NYSE: NOK). (Reuters)

Goldman Sachs Group (NYSE: GS) deals with Libya are under review by the US government. (WSJ)

The Senate failed to approve a deal to delay new credit card regulations for banks. (WSJ)

China residential prices have fallen and the move may hurt the economy. (WSJ)

Regulators continue to debate how much capital large banks must have in case of another financial crisis. (WSJ)

Exxon Mobil (NYSE: XOM) discovered huge oil and gas deposits in the Gulf of Mexico .(WSJ)

The Fed Beige Book showed some regions of the US are still in n economic recovery. (WSJ)

Fitch said it could downgrade US debt. (WSJ)

Texas Instruments (NYSE: TXN) revised earnings forecast lower because of poor demand from Nokia. (WSJ)

The S&P suffered its longest string of losses in two years. (WSJ)

Facebook facial recognition technology raises privacy concerns. (WSJ)

A drop in the volume of text messages could hit carrier earnings. (WSJ)

The FDA warned on large doses of Zocor. (WSJ)

Hedge funds are in a battle to fight a restructure of Ireland bank debt. (WSJ)

Sugar futures were up on concerns about Brazil crops. (WSJ)

China is not likely to repeat stimulus spending from three years ago. (WSJ)

Hedge funds are making corporate loans that banks avoid. (NYT)

BP plc (NYSE: BP) will focus on exploration outside Russia after deal talks there fell apart. (NYT)

The US is behind Europe and China in the development of clean technologies. (NYT)

As many as 275,000 small nonprofits will lose their status with the IRS. (NYT)

Lagarde said she was confident about her election to head the IMF. (FT)

US solar power companies are close to offer prices closer to those of fossil fuels. (FT)

IPOs like LinkedIn could bring back a tech bubble. (Bloomberg)

The head of the ECB may insist that the bailout of Greece is the responsibility of 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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