Media Digest 5/10/2010

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By Douglas A. McIntyre Updated Published

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Reuters:   The US exchanges will testify before Congress about the market plunge.

Reuters:   The NYSE and NASDAQ said that they would cooperate with investigations of the market meltdown.

Reuters:   S&P futures rose as central banks set up swap facilities.

Reuters:   Oil jumped above $77.

Reuters:   Simon Fuller’s music recommendations hit 150 million downloads on the Apple Inc. (NASDAQ: AAPL) iStore.

Reuters:   Sony Music may make a bid for EMI.

WSJ:   Transocean (NYSE: RIG) platforms have accounted for most of the oil spills since 2008.

WSJ:   The EU set a pact of almost $1 trillion dollars to halt the sovereign debt crisis in the region.

WSJ:   The debate on trading puts man against machines.

WSJ:   Senator Levin will propose legislation that would prevent banks from betting against their clients.

WSJ:   Chinese car companies are improving quality just as foreign car companies make more small cars.

WSJ:   Real estate prices will continue to fall.

WSJ:   Venezuela is still being hurt by currency problems.

WSJ:   “Iron Man 2”  box office sales hit $133 million.

WSJ:   The US car industry should have two years of good growth.

WSJ:   Thomson Reuters will add 2,000 video shows a week to its service.

WSJ:   Nike (NYSE: NKE) will use brands other than its “swoosh” overseas.

WSJ:   “The rise of social-gaming companies like Zynga is sending repercussions through the video game industry.”

WSJ:   Some car makers have links to Consumers Digest.

WSJ:   Companies should not use excess cash for stock buybacks.

WSJ:   Discoveries of shale gas will disrupt the LNG markets.

WSJ:   The Fed opened currency swaps with the ECB.

NYT:   The Fed appears to be gaining ground in the Senate to maintain its privacy.

NYT:   Banks are lobbying against a derivatives trading ban.

FT:   The ECB will intervene in the government bond market.

FT:   Playdom and Zynga are dominating the social game market.

FT:   The vote on US financial reform is still too close to call.

Bloomberg:   China’s trade surplus dropped on a surge in imports.

Bloomberg:   The BP spill is moving toward Texas.

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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