Media Digest (5/18/2011) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Hewlett-Packard (NYSE: HPQ) earnings were below expectations, but those of Dell (NYSE: DELL) were above. (Reuters)

The FCC asked Google (NASDAQ: GOOG) and Apple (NASDAQ: AAP) to attend a meeting on location-based software. (Reuters)

Apple plans to put smaller SIM cards in its handsets. (Reuters)

Takeda will announce its has bought Nycomed. (Reuters)

LinkedIn’s IPO increased the expected value of other social networks. (Reuters)

MGM Macau IPO was help by investments from several billionaires. (Reuters)

The Obama Administration pressured Strauss-Kahn to step down as IMF chief. (WSJ)

Large companies are raising money quickly as they fear interest rates will rise. (WSJ)

US plants which had excess capacity during the recession have begun to buy new equipment as the recovery increases demand. (WSJ)

Moody’s downgraded Australia’s big banks. (WSJ)

Health professionals urged McDonald’s (NYSE:MCD) to cut fatty foods. (WSJ)

Improvement in the economy has not helped housing. (WSJ)

A power shortage in China has cause the government to regulate use of electricity in plants. (WSJ)

Wealthy investors have driven up values of closely held tech firms in a pattern similar to the one in the 1990s. (WSJ)

Sony’s (NYSE: SNE) CEO warned that all open company networks are potentially unsafe. (WSJ)

The economy in southern Europe hurt Vodafone results. (WSJ)

Intel (NASDAQ: INTC) said it will change its targets to low powered chips. (WSJ)

Mobile app firms are consolidating to combine engineering and marketing efforts. (WSJ)

Hulu is close to a broad deal to keep its access to TV shows. (WSJ)

The NYSE (NYSE: NYX) has upped efforts to get regulators to approve its Deutsche Borse deal. (WSJ)

Worries about heavy rain pushed corn prices higher. (WSJ)

High gas prices have increased loads on public transportation. (NYT)

A chemical which can cause cancer, chlorinated Tris, is in a number of children’s products. (NYT)

The PC market has been savaged as consumers turn to tablets. (NYT)

The Federal Reserve wants annual bank stress tests. (FT)

Large business sales helped Dell results. (FT)

Budget talks in Congress faltered. (FT)

The World Bank may seek less of a role for the dollar. (FT)

An increase in demand for shale helped kill a $35 billion pipeline for Alaska. (FT)

Huge Arctic oil fields will be available for bid not the BP’s (NYSE: BP) plans have faltered. (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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