Media Digest (8/12/2011) Reuters, WSJ, NYTimes, 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.

Retail data becomes the focus of Wall St. (Reuters)

China locates another 22 fake Apple (NASDAQ: AAPL) stores. (Reuters)

The Nikkei drops below the important 9,000 mark. (Reuters)

Brent drops below $108 on demand data. (Reuters)

Apple and Google (NASDAQ: GOOG) may increase competition between each other for tablet PC share. (Reuters)

China pushes the EU to address sovereign debt problems. (Reuters)

Zynga adds fewer members than expected. (Reuters)

Bank of America (NYSE: BAC) meet with senior government officials to answer questions about its balance sheet. (WSJ)

Wide movement in bank stocks may cause more lack of confidence in their health. (WSJ)

Bank of New York Mellon (NYSE: BK) faces more pressure about how it prices currency transactions for clients. (WSJ)

New information from France shows its economic growth has stopped. (WSJ)

Rating agency opinions on defaults have been poorly timed. (WSJ)

Japan forecasts GDP growth of 0.5%. (WSJ)

Demand for the Nintendo 3DS is so poor that the company drops prices. (WSJ)

Google launches games products on its Google+ social network. (WSJ)

Coal demand falls because of use of natural gas and other clean energy alternatives. (WSJ)

Nvidia (NASDAQ: NVDA) earnings soar. (WSJ)

Some EU nations ban short selling. (WSJ)

A survey of economist by the WSJ shows more are concerned about a double dip recession. (WSJ)

Mortgage rates fall again. (WSJ)

Apple has vanquished competition in tablet PCs. (WSJ)

GM (NYSE: GM) to push into Indonesia. (WSJ)

Concern rises that companies with risky debt will go bankrupt. (WSJ)

Small investors begin to leave volatile markets. (NYT)

The largest banks in Europe must refinance $6.7 trillion due in the next two years. (NYT)

Low corn yields will raise prices on products from food to ethanol. (NYT)

EPA rules to result in some plant closings. (NYT)

The SEC wants to know who had early knowledge of the U.S. downgrade. (FT)

Global business confidence falls. (FT)

Bank of America may have trouble selling its CCB investment. (FT)

Venture capitalist reigns in on investment due to risk and lack of IPO demand. (FT)

Nvidia takes market share from Advance Micro Devices (NYSE: AMD). (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.

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