Media Digest 6/5/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Reuters:   Rio Tinto (RTP) has killed a deal with Chinalco for one with BHP (BHP).

Reuters:   US regulators insisted JP Morgan (JPM) and Amex (AXP) raise money to exit the TARP.

Reuters:   Countrywide’s Mozilo was charged with fraud.

Reuters:   The suspense is building ahead of one of Apple’s (AAPL) big annual events.

Reuters:   The FDIC wants a management shake-up at Citigroup (C).

Reuters:   GM will provide over $2.5 billion for a private equity firm to take over parts of Delphi.

Reuters:   The Chrysler buyout will head to appeals court.

Reuters:   Nearly 1 of 4 homes for sale have reduced price.

Reuters:   US jobless claims fell and productivity rose.

WSJ:   Steve Jobs appears ready to return to Apple (AAPL).

WSJ:   HSBC (HBC) is facing another round of write-downs as more mortgages default.

WSJ:   Many venture capital managers are leaving their firms, primarily because of the recession.

WSJ:   Tenneco is targeting business in China.

WSJ:   Bids for Qwest’s (Q) long distance business are coming in low.

WSJ:   GM may make changes to its senior management.

WSJ:   Viacom’s (VIA) leader deflected criticism at the company’s annual meeting.

WSJ:   Mobile phone companies are targeting consumers who are usually the key to PC sales.

WSJ:   The White House will appoint an official to make sure companies talking federal money follow exec comp rules.

WSJ:   Energy companies are lobbying Washington for risky but effective drilling techniques.

WSJ:   China is moving to clean up rules at its stock markets.

WSJ:   The CEO of The Hartford (HIG) expects TARP money soon.

WSJ:   A potential default of Latvia debt threatens some European banks.

WSJ:   Japanese car makers are still winning customers in the small and middle-sized vehicles markets.

WSJ:   Icahn won at least one seat on the Biogen (BIIB) board.

WSJ:   Intel (INTC) is moving into the software business.

NYT:   Apple (AAPL) faces new challenges with iPhone competition and stalled Mac sales.

NYT:   Bank of America (BAC) fired its head of risk management.

NYT:   Ratings agencies like Moody’s (MCO) still have the trust of Wall St.

NYT:   A court will hear a case involving AIG (AIG) getting back stock from an affiliated company.

NYT:   Many states says revenues are not keeping up with projections.

FT:   The Fed undermined hopes that it would buy mortgage-backed securities.

FT:   Apple (AAPL) will launch a cut-rate version of the iPhone

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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