Media Digest (9/22/2010) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Updated Published

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Reuters:   White House adviser Larry Summers will leave.

Reuters:   There is more support in Washington to press China hard on the yuan.

Reuters:   The prime minister of Japan said its intervention on the yen may not be over.

Reuters:   The Fed said it may provide further stimulus.

Reuters:   The House Ways and Means Committee could propose legislation on the yuan.

Reuters:   Deloitte did a study that said as many as half of Apple Inc. (NASDAQ: AAPL) iPhone users would switch from AT&T (NYSE: T) to Verizon Wireless.

Reuters:   Research In Motion (NASDAQ: RIMM) may launch a tablet PC.

Reuters:   Twitter repaired a flaw after a major cyber attack.

Reuters:   Sinochem has hired investment bankers to work on a counterbid for Potash (NYSE: POT).

WSJ:   The head of big Italian bank UniCredit resigned.

WSJ:   Moody’s says that corporate default rates have dropped.

WSJ:   The PM of Spain said the European debt crisis has ended.

WSJ:   Blockbuster is close to bankruptcy.

WSJ:   The value of web start ups has soared.

WSJ:   Adobe (NASDAQ: ADBE) results disappointed Wall St.

WSJ:   Sony’s (NYSE: SNE) PlayStation has been altered to better compete with the Nintendo Wii.

WSJ:   Investors sold the dollar and bought Treasuries and gold as they feared Fed action.

WSJ:   The Administration’s Making Work Pay tax credit may lapse.

WSJ:   Russia and China agreed to a joint refinery deal.

WSJ:   Abbott Labs (NYSE: ABT) said it would cut 3,000 people as part of a consolidation.

WSJ:   MetroPCS launched a 4G network in Las Vegas.

WSJ:   Ireland had a successful bond auction.

WSJ:   Deutsche Bank warned about its profits.

WSJ:   American International Group (NYSE: AIG) is close to the sale of two of its Japanese units.

NYT:  Stores that sell cheap goods have seen a sharp increase in business.

NYT:   The increase in the size and power of Oracle (NASDAQ: ORCL) worries some of its customers.

FT:   The “like” button on Facebook has helped marketers which use the service to build business.

FT:   JPMorgan Chase (NYSE: JPM) has used its M&A activity to build a powerful presence in key sectors.

FT:   Huawei will allow inspections of its network to allay US security concerns.

Bloomberg: Microsoft (NASDAQ: MSFT) raised its dividend and may borrow $8 billion.

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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