Media Digest 6/1/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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newspaperReuters:   GM (GM) will file for Chapter 11 today.

Reuters:   Geithner told China its dollar assets are safe.

Reuters:   A judge approved the sale of most of Chrysler’s assets to a group led by Fiat.

Reuters:   German cut a deal to save Opel.

Reuters:   Private equity firm KKR lost $1.8 billion last year.

Reuters:   Elan is in talks to sell a stake to Bristol-Myers (BMY).

Reuters:   China’s economy is stabilizing and exports moved up slightly.

Reuters:   The Fed is puzzled by the steepening of the yield curve.

WSJ:   Ford (F) will increase production next quarter in an attempt to take business from its rivals.

WSJ:   “Lawmakers are pressing the Treasury Department to close a loophole to protect Social Security and disability benefits deposited in bank accounts from creditors.”

WSJ:   Emulux is expanding its push to prevent a takeover by Broadcom (BRCM).

WSJ:   Merck (MRK) and AstraZeneca are testing a new experimental cancer drug.

WSJ:   Geithner urges China to open its economy.

WSJ:   Emerging nations are increasing demand for key resources.

WSJ:   The Fed’s attempt to keep mortgage rates low is not working well.

WSJ:   The IMF expects jobs to trail GDP growth.

WSJ:   The demand for oil is staying low.

WSJ:   Weak demand for electricity could help consumers this summer.

WSJ:   Foreclosures are having a mixed impact on sales.

WSJ:   Temasek Holdings may sell its holding in Chartered Semiconductor.

WSJ:   Losses at homebuilders are expected to narrow.

WSJ:   International markets are at the center of the new stock rally.

WSJ:   The ISM data may not show a sharp recovery in the economy.

WSJ:   Improving results at banks are sending them on hiring sprees.

WSJ:   Commercial real estate will be a drawn-out problem for banks.

WSJ:   Retailers are felling the impact for foreclosures.

NYT:   The Big Three are no longer in a position to help bring the economy out of a recession.

NYT:   The battle for trading derivatives is at the heart of how much regulation of the banks is too much.

NYT:   Google (GOOG) will take on Amazon (AMZN) in the e-book business.

FT:   Microsoft (MSFT) and Sony (SNE) are taking aim at the market share of the Nintendo Wii.

FT:   A new reports says that the rebound in stocks cannot be sustained.

FT:   The US energy markets are bracing for hurricane season.

Bloomberg:   Goldman Sachs (GS) says commodity demand will produce a 19% return this year.

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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