Media Digest (4/29/2010) Reuters, WSJ, NYTimes, FT. Bloomberg
Reuters: Hewlett-Packard (NYSE: HPQ) will gamble on the smartphone industry with its buyout of Palm (NADSAQ: PALM) Reuters: The oil spill from a BP plc (NYSE: BP) rig is close to shore. Reuters: Obama picked Janet Yellen to be the vice chairman…
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Reuters: The oil spill from a BP plc (NYSE: BP) rig is close to shore.
Reuters: Obama picked Janet Yellen to be the vice chairman of the Fed.
Reuters: Oil held steady above $83.
Reuters: Apple (NASDAQ: AAPL) may charge $1 million to advertise on its mobile phone.
Reuters: Continental (NYSE: CAL) and UAL (NASDAQ: UAUA) met again to discuss a merger.
NYT: Oil leaking from a Gulf platform may be coming at 5,000 barrels and not the 1,000 estimated previously.
NYT: Republicans will allows a debate about the financial bill on the Senate floor.
NYT: Goldman Sachs Group (NYSE; GS) and its lobbyists are being ignored in DC.
NYT: The IMF promised more aid for Greece.
NYT: German exposure to Greek debt is $37 billion.
NYT: Doctors often must do hours of uncompensated follow-up work.
NYT; A wind farm off Cape Cod was approved.
NYT: Toyota (NYSE: TM) announced another recall.
WSJ: The leaking well in the Gulf did not have a remote shut-off guard.
WSJ: Contagion fear hits Spain
WSJ: Europeans are investigating rating firms because they may have contributed to the credit crisis.
WSJ: HTC made a deal to use some Microsoft (NASDAQ: MSFT) patents.
WSJ: Pennsylvania utility PPL is acquiring the regulated U.S. business of Germany’s E.ON for $6.7 billion in cash,
WSJ: Exxon Mobil’s (NYSE: XOM) is set for a rally.
WSJ: The former head of DuPont will become the chair at Bank of America (NYSE: BAC).
FT: Basis Yield Alpha Fund, a hedge fund, is seeking compensation from Goldman for CDO losses.
FT: CDO fees went to credit rating agencies despite failures of their ratings.
FT: The Fed says that the economy is strengthening.
FT: US officials set the oil spill on fire.
Bloomberg: Elevation Partners made a 5% return on Palm
Bloomberg: The IMF says that Asia may have bubbles in certain capital markets.
Bloomberg: Baidu’s (NASDAQ: BIDU) profits soared.
Douglas A. McIntyre
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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.