Media Digest (8/18/2011) Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Hewlett-Packard’s (NYSE: HPQ) new CEO faces investors concerned about its prospects. (Reuters)

U.S. box office sales near records despite the slowdown. (Reuters)

Lenovo posts strong earnings in spite of troubles with global PC sales. (Reuters)

China Mobile (NYSE: CHL) says earnings grew rapidly as its high-end users expanded. (Reuters)

Apple (NASDAQ: AAPL) and Qualcomm (NASDAQ: QCOM) are candidates to buy InterDigital (NASDAQ: IDCC). (Reuters)

The head of Nokia (NYSE: NOK) warns handset companies to be careful about Android use after Google (NASDAQ: GOOG) announces it will buy Motorola Mobility (NYSE: MMI). (Reuters)

The Federal Reserve examines the cash balances that foreign banks keep in the U.S. (WSJ)

Exxon Mobil (NYSE: XOM) and the U.S. in disagreement over ownership of one of the largest oil fields in the Gulf of Mexico. (WSJ)

Oil investment expands from traders to large pension pools. (WSJ)

Coca-Cola (NYSE: KO) to invest $4 billion in China over the next four years. (WSJ)

Local governments struggling from the effects of downgrades by S&P and Fitch. (WSJ)

Japan shows a trade surplus in July.  (WSJ)

Venezuela to nationalize its gold industry. (WSJ)

Eastman Kodak (NYSE: EK) begins the process to sell its patents. (WSJ)

France and Germany to try to cut off nations that do not control deficits from EU transfer funds. (WSJ)

Greece may have a fourth year of recession in 2012. (WSJ)

FDA approves Vemurafenib, made by Roche Holding AG and Daiichi Sankyo, one of the first gene-guided cancer drugs. (WSJ)

McGraw-Hill (NYSE: MHP) may spin off its college text book division. (WSJ)

The UAW begins the process needed to strike against Ford (NYSE: F). (WSJ)

China’s largest TV channel attacks Baidu (NASDAQ: BIDU) for its sales practices. (WSJ)

The SEC accused of destroying files from some of its investigations. (WSJ)

The SEC investigates S&P for its ratings of mortgage-back securities before the financial collapse. (NYT)

A move to stop the rise of the Swiss franc fails to work. (FT)

Morgan Stanley (NYSE: MS) lowers its forecast for global growth. (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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