Media Digest 5/13/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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newspaperReuters : Intel (INTC) said its results are running better than expected.

Reuters :  The government is looking at a pay overhaul in the financial sector.

Reuters: Economic woes are hurting the Medicare and Social Security trust funds.

Reuters: The Chrysler bankruptcy may take two years.

Reuters: The US may be at risk for losing its Triple-A credit rating.

Reuters:   Ford (F) raised $1.4 billion through its new stock offering.

Reuters: Bank of American (BAC) and other US banks are rushing to raise capital.

Reuters: US foreclosure filings set another record in April and will probably keep moving higher.

Reuters: IBM (IBM) launched a real-time data analysis software program

Reuters: Private equity firms are willing to wait up to two years to sell assets hoping the market will return.

WSJ: Companies are rushing to sell stock, debt, and even junk bonds.

WSJ: State tax collections continue to fall.

WSJ: US median house prices fell 14%.

WSJ: AIG (AIG) trustees are seeking a permanent CEO.

WSJ: Fiat may get a larger ownership in Chrysler if it will make engines in the US.

WSJ: Foreclosures are weighing on Freddie Mac (FRE) results.

WSJ: Low airplane deliveries hurt EADS results.

WSJ: Oil topped $60, defying the recession.

WSJ: Microsoft (MSFT) is planning a 3D camera for the Xbox.

WSJ: The CEO of IACI’s (IACI) Ask.com unit is leaving.

WSJ: Retail earnings may be better as consumers return to stores, but they may not beat expectations.

WSJ: Executives at GM (GM) sold shares pushing the stock down.

WSJ: Shares in GM (GM) returned to 1930s levels.

WSJ: The jump in small cap shares may be “too much, too fast.”

WSJ: Chrysler will try to exit 10 unexpired lease on properties where it operates.

WSJ : Rail freight traffic is running down 20%, a sign the the recovery may be less robust than it seems.

WSJ: Some hedge funds are putting more assets into gold.

WSJ: CVS (CVS) is steering pharmacy-benefits to its own stores and raising co-pays if they go elsewhere.

WSJ: Macy’s (M) is focusing on customer at rivals who have closed.

WSJ: A Belgian buyout firm is looking at Opel

WSJ: Nissan reported its first annual loss under Ghosn

WSJ: A judge approved GMAC as the primary lender to Chrysler customers.

WSJ: PetroChina (PTR) says the down markets may help it with M&A.

WSJ: CareerBuilder is offering bounties for new ads.

WSJ: Hitachi and NEC posted losses.

NYT: The US has paid out less thnt 6% of the $787 billion stimulus package mostly in social service payment to states.

NYT:   Records show that $12 billion was pulled out of Madoff funds in 2008.

NYT: A huge fleet of ships is anchored off Singapore waiting for cargo which may not come soon.

FT: Recovery signs are lifting commodities prices.

FT: Citigroup (C) directors are facing pressure to resign.

FT: The FTC warned Cheerios over health claims.

FT: Freddie Mac (FRE) will draw another $6.1 billion from the government.

FT: GE (GE) will build a $100 million battery factory.

FT: The IMF is urging stress test for Europe banks.

FT: The new government program to modify mortgages may be inadequate.

Bloomberg: ING posted over $1 billion in losses.

Bloomberg: China’s industrial output grew 7.3% which was less than expected.

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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