Media Digest 5/21/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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newspaperReuters:   Congress passed a bill to put restrictions on credit card companies.

Reuters:   The Fed mulled increasing securities during its April meeting.

Reuters:   Geithner said the US was making progress fighting the credit crisis.

Reuters:   Banks expect a windfall of fees from new stock issues by companies taking advantage of markets.

Reuters:   Bank of America (BAC) will seek to replay the government $45 billion by the end of the year.

Reuters:   California voters rejected the state budget.

Reuters:   Greenspan said the US economy is improving but said banks still face capital shortfalls.

Reuters:   Fiat’s CEO said that is a 50% chance for a deal with GM’s (GM) Opel.

Reuters:   Lehman has been questioned about a securities sale.

Reuters:   China’s economy may have lost steam.

WSJ:   GMAC will get $7 billion from the Treasury.

WSJ:   Economies in Japan, Mexico, and Germany are collapsing, putting pressure on trade talks.

WSJ:   The Indiana pension fund is challenging the terms of the Chrysler bankruptcy.

WSJ:   The Senate passed the FDA tobacco bill.

WSJ:   Chrysler named a new chairman.

WSJ:   New bidders have emerge for an AIG asset management unit.

WSJ:   Alcatel-Lucent (ALU) has gotten into the mobile phone ad business.

WSJ:   Sony’s (SNE) Stringer announced his turnaround plan.

WSJ:   All 10 banks that failed “stress texts” are on their way to raising capital.

WSJ:   The SEC passed rules that would give investors more power in nominating directors.

WSJ:   Crude oil moved above $60.

WSJ:   There is a question about whether Verizon (VZ) will keep paying its current dividend.

WSJ:   Talks between Microsoft (MSFT) and Yahoo! (YHOO) are continuing.

WSJ:   The UAW will be left with little influence after the auto industry restructuring.

WSJ:   The UAW, with assets of $1.3 billion, is the richest union in the nation.

WSJ:   Toll Brothers (TOL) sees hope in the housing industry.

WSJ:   Target (TGT) see earnings about to stabilize.

WSJ:   NetApp paid $1.5 billion to buy Data Domain.

WSJ:   Oil refiners are predicting higher gas prices.

NYT:   Driving is increasing despite higher gas prices.

NYT:   China may become more picky about buying debt, including US Treasuries.

NYT:   The US insurer of pensions in being pressured by the failure of several private pensions.

NYT:   IPOs are offering encouraging signs for investors.

FT:   Google (GOOG) dropped plans to invest in the newspaper industry.

FT:   Sony (SNE) will cut its supplier network to cut procurement costs by 20%.

FT:   California is facing deep budget cuts.

Bloomberg:   Some Fed officials doubt the the stabilization of the economy will persist.

Bloomberg:   AIG (AIG) is targeting Q1 2010 as the time for selling shares in one of its Asian units.

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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