Media Digest 5/20/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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newspaperReuters:   The Treasury is keeping banks guessing about when they can repay TARP funds.

Reuters:   Bank of America (BAC) has raised more than $13 billion in share sales.

Reuters:   Hewlett-Packard’s (HPQ) financial outlook disappointed the market.

Reuters:   Terminated Chrysler dealers will challenge the sale of the company’s assets.

Reuters:   Obama is considering an agency to protect consumer’s financial interests.

Reuters:   Microsoft (MSFT) may unveil a new search engine.

Reuters:   Facebook’s CEO said an IPO is several years away.

Reuters:   Japan had a sharp drop in GDP.

Reuters:   A group of AIG (AIG) investors will get $843 million.

Reuters:   AT&T (T) is considering a cheaper data plan for the Apple (AAPL) iPhone.

Reuters:   GM’s (GM) bankruptcy would hope to cause a quick sale of assets.

Reuters:   Treasury is seeking to fill out its team of senior officials.

WSJ:   Banks are holding life insurance policies for workers with themselves as beneficiaries to help fund bonuses.

WSJ:   Officials are thinking about having one mortgage regulator.

WSJ:   Investors are beginning to buy distressed homes.

WSJ:   A new bill passed by the Senate would cut credit card fees.

WSJ:   Californians rejected new budget measures.

WSJ:   Obama’s fuel plan will put the final touches on a plan to restructure the car industry.

WSJ:   AstraZeneca accused of promoting  antipsychotic drug Seroquel for unapproved uses in children and elderly

WSJ:   AIG (AIG) trustee is beginning restructuring the firm’s board.

WSJ:   Intel (INTC) is unveiling software to compete with Microsoft (MSFT) Windows.

WSJ:   Home Depot (HD) made a cautious forecast with its earnings.

WSJ:   Palm’s (PALM) Pre is set for a June debut.

WSJ:   The gap between long-term and short-term Treasuries is growing, signaling a recovery.

WSJ:   Allstate (ALL) rejected money from the TARP.

WSJ:   Saks (SKS) shares are up sharply but the retailer is still in trouble.

WSJ:   MGM (MGM) is betting on hotels in Asia and the Middle East.

WSJ:   Porsche and VW reaffirmed their goal to combine the companies.

WSJ:   The CEO of GE (GE) said he is optimistic about the company’s outlook.

WSJ:   A proxy firm backed investors challenging Target (TGT).

NYT:   The SEC may set a rule to improve the chances of investors electing company board members.

NYT:   TV advertisers are being offered closer ties to content.

NYT:   Shareholders rejected pay packages for Shell executives.

FT:   Three companies are bidding for part of GM’s (GM) Europe operations.

FT:   JPMorgan (JPM) criticized rules that prevent some foreign workers from being employees of the bank.

Bloomberg:   The US may take some powers from the SEC and give them to the Fed.

Bloomberg:    The head of Electronic Arts (ERTS) says a new fitness game may help Nintendo Wii sales.

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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