Media Digest 4/29/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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newspaper26According to Reuters, world health officials are fighting to contain the new flu.

Reuters reports that the government may be pressing Citigroup (C) and Bank of America (BAC) to raise more money.

Reuters writes that GM (GM) has offered its final survival plan.

Reuters reports that the UAW will end up owning 55% of Chrysler.

Reuters writes that Democrats are close to passing the 2010 federal budget.

Reuters reports that Qatar is in talks to take a stake in Porsche.

Reuters writes that BP’s (BP) profits fell 62% but beat estimates.

Reuters reports that executives say that the government will have too many regulators.

Reuters reports that IBM (IBM) and Brocade (BRCD) are teaming up to combat Cisco (CSCO).

The Wall Street Journal reports that financial Danny Pang was charged with fraud.

The Wall Street Journal reports that Wilbur Ross and Invesco plan a giant fund to buy bank toxic assets.

The Wall Street Journal reports that China had a quarterly loss.

The Wall Street Journal reports that Verizon (VZ) widened its lead over AT&T (T) ind the cellular market.

The Wall Street Journal reports that Amazon (AMZN) bought e-book company Lexcycle, which makes a popular application for the Apple (AAPL) iPhone.

The Wall Street Journal reports that the government would face a number of conflicts if it owned a controlling interest of GM (GM).

The Wall Street Journal reports that a new disc from GE (GE) can store 100 DVDs

The Wall Street Journal reports that the Merrill Lynch balance sheet is treated as if it had “top secret” status.

The Wall Street Journal reports that DeutscheBank’s (DB) CEO will stay until 2013.

The Wall Street Journal reports that Verizon (VZ) earnings are being hurt by its landline business.

The Wall Street Journal reports that Corning (GLW) is hiring back some staff.

The Wall Street Journal reports that circulation dropped at most big metro dailies.

The Wall Street Journal reports that PetroChina’s (PTR) net fell 35%.

The Wall Street Journal reports that Audi’s results were hurt by a drop in demand for luxury cars.

The Wall Street Journal reports that legal charges from a settlement with Broadcom (BRCM) hurt the financial results of  Qualcomm (QCOM).

The New York Times reports that Verizon (VZ) is in talks to get marketing rights to the Apple (AAPL) iPhone.

The New York Times reports that Daimler has reached an agreement to dump its ownership in Chrysler.

The New York Times reports that people with service jobs are feeling the economic pinch early.

The New York Times reports that the CEO of Bank of America (BAC) is still fighting to hold his job.

The New York Times reports that investors are buying up shares of flu drug makers.

The FT reports that DeutscheBank (DB) is profitable again.

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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