Media Digest 6/3/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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newspaperReuters:   A survey shows the global stimulus spending lacks direction.

Reuters:   The race for “green” cars is still wide open.

Reuters:   GM (GM) and Chrysler will face Senate scrutiny are dealer closings.

Reuters:   Bank of America (BAC) and Citigroup (C) are being left behind by healthy rivals.

Reuters:   Obama said it is “make or break” time for healthcare reform.

Reuters:   GM (GM) sold Hummer to a Chinese machinery company.

Reuters:   Visa (V) sees a credit card industry restructuring.

Reuters:   Starbucks (SBUX) is revamping its bakery ingredients.

Reuters:   Nintendo’s chief said his company is still outpacing rivals.

Reuters:   Demand for the Fed consumer program rose to $11.5  billion.

WSJ:   Banks have raised $85 billion making most big financial firms solvent by the government’s definition.

WSJ:   The Congressional move to help dismantle “mark to market” accounting could hurt investors looking at balance sheets.

WSJ:   The SEC wants more disclosure of non-executive pay at public companies.

WSJ:   Car sales showed signs of stabilizing in May.

WSJ:   The government is trying to build a map of where $7 billion in broadband spending should go.

WSJ:   Banks and money managers made a pitch for the value of derivatives.

WSJ:   Microsoft (MSFT) Windows 7 is ready for an October release.

WSJ:   Acer PCs will run Google’s (GOOG) Android operating system.

WSJ:   The US highway fund is low on cash.

WSJ:   Aetna (AET) cut its earnings forecast.

WSJ:   Sony Ericsson is betting on high end phones.

WSJ:   Google (GOOG) is set to sell e-books.

WSJ:   A court sided with Tivo (TIVO in a key patent case.

WSJ:   Headaches await the next TARP chief.

WSJ:   Geithner said China has confidence in US economy.

WSJ:   Gold is heading back to $1,000 an ounce.

WSJ:   A sale of stock by a major Barclays (BCS) holder knocked down the stock.

WSJ:   Bond giant Pimco is expanding.

WSJ:   GM (GM) will keep its units in Brazil and China.

WSJ:   Oracle (ORCL) may move into the netbook market.

WSJ:   Sony (SNE) and Nintendo are pursuing different paths in the game console wars.

WSJ:   New chips can boost solar power.

NYT:   Auto suppliers, who employ more people than Detroit, are being battered by the industry restructuring.

NYT:   Some homeowners do not qualify for government help because their credit is too good.

NYT:   India is still getting a great deal of outsourcing business.

NYT:   The US is looking at antitrust hiring practices at some big tech companies including Yahoo! (YHOO) and Apple (AAPL).

NYT:   The jobless rate rose in Europe.

NYT:   PC touch screens are becoming more popular.

FT:   Facebook is launching its own payment system.

Bloomberg:   The Fed is raising capital standards for banks that want out of TARP.

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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