Media Digest 11/24/2010 Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters: SAP will pay Oracle (NASDAQ: ORCL) $1.3 billion for copyright infringement.

Reuters: The  FBI sent warnings to a number of more hedge funds.

Reuters: The euro fell to two month lows on concerns about Portugal and Spain.

Reuters: A University of Texas research team found Facebook makes people more social.

Reuters: comScore said e-commerce expenditures would be up 11% for the holidays.

Reuters: Opera Software said mobile web usage rose sharply in October.

Reuters: J Crew (NYSE: JCG) will take a $2.8 billion buyout but there may be other bids.

Reuters: Acer launched its new tablet PCs.

WSJ: Spain and Portugal bonds were hit by fears of default.

WSJ: The Federal Reserve chopped its forecasts for job and GDP growth.

WSJ:   FDIC data shows that while large banks have become more healthy, the same is not true for a number of smaller ones.

WSJ:   Third quarter profits grew at an annual rate of $1.66 trillion , according to the Commerce Department.

WSJ: Sales of previously owned homes dropped 2.2% in October.

WSJ:   Spain pressed the case that it is financially healthy.

WSJ:   Dispersants cut the size of the Gulf spill more than expected, according to the National Oceanographic and Atmospheric Administration.

WSJ:   Dynegy shareholders turned down an offer from Blackstone.

WSJ:   Saudi Arabia’s Prince Alwaleed put $500 million into the GM IPO.

WSJ:   Google (NASDAQ: GOOG) may show Miramax films on YouTube.

WSJ:   The SEC said asset-backed bonds may be sold without credit rating reviews.

NYT:   Real estate investors have begun to put more money into apartment towers.

FT: The Fed held a secret meeting about long-term rates and QE2

FT:  Ireland will buy most of  the Bank of Ireland.

FT;   Discount retailers will get a great deal of shopper traffic this year.

Bloomberg: S&P cut its Ireland rating by two notches.

Bloomberg:   Representatives of Portuguese unions began to strike

Bloomberg:  Cerberus will try to sell Chrysler Financial.

Bloomberg:   There are now derivatives to trade Facebook shares.

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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