Media Digest 12.27.31 Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published

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China said it will try to keep prices down as inflation worsened (Reuters)

Auto companies will lower the weight of light trucks to meet fuel standards (Reuters)

Oil hits 26 month high as a blizzard blanketed the East Coast (Reuters)

Sony (NYSE: SNE) will increase its output of sensor chips used in cellphones (Reuters)

Cities have begun to tax non-profits to close budget gaps (WSJ)

Silver prices are up toward record levels, partially on speculation (WSJ)

Retailers will make its easier to return gifts (WSJ)

AMD (NYSE: AMD) and Intel (NASDAQ: INTC) will release chips which provide features normally done by two processors (WSJ)

GE (NYSE: GE) will sell some of its mortgage assets (WSJ)

China Unicom (NYSE: CHU) will sell unlocked Apple (NASDAQ: AAPL) iPhones. (WSJ)

Cities have added new fees to raise taxes on residents who resist property taxes (WSJ)

Oprah’s network will launch at a cost of $105 million. (WSJ)

Toyota (NYSE: TM) will reopen a plant in Mississippi (WSJ)

About 100 banks which got federal aid may still fail (WSJ)

More IPOs of over $1 billion are likely to return to the market this year (WSJ)

New devices have built a generation of skilled hackers (NYT)

China raised interest rates for the second time in two months (FT)

Goldman Sachs Group (NYSE: GS) will pay more managers will stock which vests over long periods (FT)

Investors who bought US stocks as the euro weakened made large returns (Bloomberg)

Retailers were hurt by the huge blizzard in the eastern US (Bloomberg)

Tax liabilities at refiners may keep the price of crude down (Bloomberg)

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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