Media Digest (8/4/2011) 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.

Hitachi and Mitsubishi may merge (Reuters)

Japan intervened in the yen (Reuters)

Spain will offer bonds and the European Central Bank meets to examine option to help the country’s debt problems (Reuters)

The U.S. is taking a careful look into whether News Corp (NYSE: NWS) properties hacked the phones of 9/11 victims (Reuters)

Midwest oil stocks fell (Reuters)

Google (NASDAQ: GOOG) says Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) have joined forces to keep down market share of Android (Reuters)

Institutional investors have begun to invest in foreclosed home inventories (WSJ)

Pfizer (NYSE: PFE) wants to sell Lipitor over the counter (WSJ)

A Rhode Island law sets the claims of bondholders ahead of pension holders in municipal bankruptcies (WSJ)

S&P has not commented on the U.S. debt rating (WSJ)

Facebook may adjust its news feed technology (WSJ)

Macy’s (NYSE: M), Nordstrom (NYSE: JWN) and Kohl’s have upgraded stores to bring in reluctant customers (WSJ)

Rio Tinto (NYSE: RTP) said U.S. and EU debt problems could eventually harm its business (WSJ)

The prime minister of Italy has resisted a set of austerity plans although concerns continue to rise about whether the nation can raise money (WSJ)

China has let the price of cooking oil rise so that households can feel some of the effects of inflation (WSJ)

Results from media companies like Comcast (NASDAQ: CMCSA), Time Warner (NYSE: TWX), and CBS (NYSE: CBS) continued to improve (WSJ)

The head of Chrysler said he sees competition from China car exports soon (WSJ)

Web.com bought Network Solutions for $560 million (WSJ)

Gold hit a fresh all-time high (WSJ)

Sales of luxury goods continued to surge (NYT)

Fear rises that EU banks that hold debt in Italy and Spain could be troubled (NYT)

U.S. corporate bond yields hit new lows (FT)

Cyber-attacks, probably from China, targeted military information (FT)

Research In Motion (NASDAQ: RIMM) released new products as part of an attempted rebound (FT)

The ECB may hold rates steady because of EU economic problems (Bloomberg)

China may let some local governments sell bonds (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.

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