Media Digest (7/20/2011) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Apple Inc (NASDAQ: AAPL) reported better than expected earnings and its shares soared (Reuters)

Yahoo!’s (NASDAQ: YHOO) revenue fell (Reuters)

A settlement of the debate over the U.S. debt pushed crude higher (Reuters)

Samsung released a new Galaxy tablet to further compete with the Apple iPad (Reuters)

T-Mobile will offer an unlimited data plan (Reuters)

Apple directors may have had discussions about a replacement for Steve Jobs (Reuters)

Goldman Sachs (NYSE: GS) made fewer bond investments, which drove its profits lower. It will fire 1,000 people (WSJ)

The failure of Eli Lilly’s (NYSE: LLY) Alzheimer’s drug raised concerns about related treatments (WSJ)

Bank of America (NYSE: BAC) said it hoped for an increase in business lending (WSJ)

The LSE expects few IPOs this summer (WSJ)

Nokia (NYSE: NOK) is expected to say its business has fallen further (WSJ)

The FBI began an investigation into whether any properties of News Corp (NYSE: NWS) in the U.S. hacked phones of 9/11 victims (WSJ)

China will begin to explore deep seas for new minerals (WSJ)

EU leaders appeared closer to a deal to aid Greece (WSJ)

The IMF warned that euro-zone problems could affect financial stability outside the region (WSJ)

HSBC has begun to cut relationships with Americans who may park money outside the country to save on taxes (WSJ)

The SEC and CFTC do not have the resources to handle their jobs as new responsibilities are added due to recent legislation (WSJ)

Intel’s (NASDAQ: INTC) earnings will suffer short term as the period of PC dominance ends (WSJ)

Global hedge fund assets were over $2 trillion at the end of last quarter (WSJ)

The U.S. Postal Service will try to cut the amount of real estate it holds (WSJ)

Coca-Cola (NYSE: KO) will raise prices in the U.S. by 3% in the second half (WSJ)

The U.S. government will shutter 800 computer centers and lay off thousands (NYT)

EU leaders remain concerned about the finances of Spain and Italy (NYT)

American Air (NYSE: AMR) will probably split a 600 jet order between Boeing (NYSE: BA) and Airbus (FT)

Zillow and Skullcandy IPOs priced above expected ranges (FT)

Douglas A. McIntyre

Write us what you think about this article.  [email protected]

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.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618