Media Digest 5/19/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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newspaperReuters:   Twitter will release business tools in an attempt to make money.

Reuters:   A GM (GM) bankruptcy is seen as nearly inevitable.

Reuters:   American Express (AXP) will cut 4,000 jobs.

Reuters:   Obama will unveil aggressive car fuel standards.

Reuters:   Madoff trustee sues Fairfield Group for $3.5 billion

Reuters:   Mail blue collar workers are losing ground in employment and compensation.

Reuters:   US home-builder sentiment rose to an eight month high.

Reuters:   AMD (AMD) sees a profit by the end of the year.

Reuters:   Sony Ericsson wants to raise $135 million.

Reuters:   Agricultural leaders see free trade as a buffer against recession.

Reuters:   Some big banks will apply to repay TARP funds.

WSJ:   Nine hundreds small and medium sized banks face $100 billion in losses from real estate.

WSJ:   Blackrock (BX) has been approved to buy toxic bank assets with access to public money.

WSJ:   Farms are starting to feel the credit pinch.

WSJ:   Google (GOOG) is starting to sift through data to tell who may quit the firm.

WSJ:   Small firms are waiting for the credit thaw.

WSJ:   Credit card firms are preparing for new government regulations.

WSJ:   A decline in the cost of drilling is helping energy firms with shrinking margins.

WSJ:   Canadian banks have an eye on US lenders.

WSJ:   Vodaphone’s (VOD) net dropped on write-downs.

WSJ:   An alternative to energy chips may be available.

WSJ:   New taxes loom to pay for an overhaul of healthcare.

WSJ:   HP’s (HPQ) printing business may turn in bad results.

WSJ:   Oil moves toward $60 and OPEC cuts are unlikely.

WSJ:   Hedge funds at cutting fees to get new money.

WSJ:   US states are joining suits over a potential  Wyeth (WYE) fraud.

WSJ:   The new Toyota (TM) Prius will fight for market share against the Honda (HMC) Insight.

WSJ:   Chrysler is extending buyout offers to employees.

WSJ:   HP and Dell (DELL) are struggling to show they can make profits in a tough environment.

WSJ:   Kirkorian’s share in MGM (MGM) is dropping.

NYT:   Cerdit card companies will turn to their best customers to make more money.

NYT:   Home Depot (HD) is preparing for continuing weakness among its customers.

NYT:   The amount that the government gets for warrants from TARP investment will determine who taxpayers will do

NYT:   Starbucks (SBUX) expects it message to spread through social networks.

FT:   Lehman is seeking a probe into assets sold to Barclays (BCS).

FT:   Vodafone will speed up cost cuts.

FT:   Companies face higher hedging costs for fuel.

FT:   China and Brazil may replace the dollar and use their own currencies for trade.

Bloomberg:   Berkshire Hathaway (BRK.A) is cutting back its stock repurchases to save cash.

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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