Media Digest (6/30/2010) Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published

Invalid Image
Reuters:   Democrats will make a final push for financial reform.

Reuters:   Hurricane Alex is likely to affect clean-up efforts in the Gulf significantly.

Reuters:   Oil will have its first quarterly drop in prices since 2008.

Reuters:   Asian stocks will have their worst quarter since Lehman Bros. collapsed.

Reuters:   Google (NASDAQ:  GOOG) has set a timeframe to stop rerouting its China traffic to Hong Kong.Reuters:   Hulu started a pay TV service.

Reuters:   Tesla’s stock rose 40% after its IPO.

WSJ:   BP plc (NYSE: BP) had two competing goals over the last several years–safety and profit.

WSJ:   The No.2 executive at Goldman Sachs Group (NYSE: GS) will be questioned by Congress about what he knew of the firm’s derivatives program that caused losses at American Financial Group (NYSE: AIG).

WSJ:   High-speed traders and mutual funds are in a fight for market supremacy which relies on technology and regulation.

WSJ:   The EU has moved to calm fears about liquidity problems at major banks.

WSJ:   Democrats dropped a bank tax in the financial reform package.

WSJ:   Walmart (NYSE: WMT) changed top management at its US operations.

WSJ:   Cisco (NASDAQ: CSCO) plans a tablet PC.

WSJ:   The Amazon.com Inc. (NASDAQ: AMZN) website was hit by technical problems.

WSJ:   GM argued its future is bright with new cars and improved sales outside the US.

NYT:   Nations betting that the private sector will make up for government stimulus may be wrong.

NYT:   Documents show that regulators left banks off the hook in the AIG bailout.

NYT:   Circuit breakers stopped a drop in shares of Citigroup Inc. (NYSE: C)

NYT:   Google, Inc (NASDAQ: GOOG) will help many small bookstores sell on the web.

NYT:   Macy’s (NYSE: M) will sell a line of clothes designed by Madonna.

FT:   Problems at banks could derail the global recovery.

FT:   Worries about bank problems in Europe drove the euro to its lowest value against the yen in eight years.

FT:   Anadarko approved well designs for many BP rigs.

FT:   The debt crisis is hurting M&A activity.

FT:   The US blocked Chinese fiber optics companies from doing business due to security concerns.

Bloomberg:   Google’s fate in China will be determined by a renewal of its license to do business there.

Bloomberg:   Verizon Wireless will start to sell the Apple Inc (NASDAQ: AAPL) iPhone in January, according to rumors.

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

DELL Vol: 42,366,555
NTAP Vol: 15,911,807
NOW Vol: 68,243,561
IBM
IBM Vol: 28,527,546
HPE Vol: 86,996,387

Top Losing Stocks

CTRA Vol: 73,319,495
CLX Vol: 4,744,001
RMD Vol: 3,526,686
INTC Vol: 191,680,425
SWKS Vol: 5,407,806