Media Digest 5/28/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

newspaperReuters:   Central bankers in the US and Europe are battling deflation and inflation simultaneously.

Reuters:   GM (GM) is close to bankruptcy but the fate of Opel is still open.

Reuters:   Citigroup (C) and the SEC are working on settling charges on an asset disclosure problem.

Reuters:   A US plan to buy bad bank assets is in trouble.

Reuters:   Despite the recession there is still a large demand for people in certain sectors.

Reuters:   The hardest part of the Chrysler bankruptcy is still ahead.

Reuters:   The battle between Target (TGT) and Ackerman will come to a head soon.

Reuters:   Hedge fund Pequot folded as a SEC investigation drags on.

Reuters:   News Corp (NWS) hope to broaden its ad deal with Google (GOOG).

WSJ:   The Administration is close to setting up one agency to regulate banks.

WSJ:   Time Warner (TWX) is prepared to separate AOL.

WSJ:   A sharp drop in factory production is likely.

WSJ:   Visteon plans to go into Chapter 11.

WSJ:   Positive clinical trials and successful financing are reviving the biotech industry.

WSJ:   A Russian will run the country’s energy joint venture with BP (BP).

WSJ:   Yahoo! (YHOO) CEO Bartz said a search deal with Microsoft (MSFT) is possible for a large sum of money.

WSJ:   Social network sites are expanding their reach.

WSJ:   Low prices helped existing home sales.

WSJ:   The Fed says that banks cannot use projections of future revenue as a way to cut the money they must raise.

WSJ:   Dell (DELL) is moving into service businesses to help earnings.

WSJ:   The FDIC painted a dark picture of the future of banks.

WSJ:   Bank margins on loan portfolios may not be as good as they seem.

WSJ:   Wal-Mart (WMT) is about to export its big box retail approach to India.

WSJ:   Slow sales hurt Staples (SPLS).

WSJ:   HP (HPQ) is in talks with Chinese cellular carriers about marking PCs there.

NYT:   China may be about to set strict vehicle mileage rules.

NYT:   Music labels are cutting more friendly deals with small start-ups.

NYT:   Geithner will meet with Chinese officials and will try to calm them down over America’s rising debt.

NYT:   A management shake-up at Shell is aimed at streamlining decision making.

FT:   Opel talks are not completed because of an increase in the amount of money GM wants.

FT:   OPEC will leave output unchanged.

FT:   Best Buy (BBY) will launch a fund to invest in Internet media.

FT:   JP Morgan (JPM) warned of huge credit card write-offs.

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.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618