Media Digest 6/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Reuters: The Supreme Court delays  Chrysler deal.

Reuters:   The cleared ten banks to repay TARP include JPMorgan (JPM), Goldmand Sachs (GS), American Express (AXP), Cpaital One(COF), State Street (STT), BBT (BBT), Morgan Stanley (MS), and US Bancorp (USB).

Reuters:   Senate Democrats revealed healthcare bill.

Reuters:   New York Times (NYT) will not close the Boston Globe

Reuters: The US trade deficit probably rose in April due to oil.

Reuters:   A House panel will subpoena the Fed over the Bank of America (BAC) deal to buy Merrill Lynch.

Reuters:   US financial reforms face tough resistance.

Reuters:   The old Apple (AAPL) iPhone may hurt Palm (PALM) Pre sales and RIM (RIMM) Blackberry.

Reuters:   GM picked the former head of AT&T (T) as its chairman.

WJS:   Obama dropped an aggressive plan to cap Wall St. pay.

WSJ:   The US has stepped up a probe of a deal between Google (GOOG) and the book industry.

WSJ:   Ford (F) is seeking government aid outside the US.

WSJ:   Tobacco companies such as Altria (MO) are likely to face more regulation.

WSJ:   The healthcare bill is beginning to crystallize.

WSJ:   The US dealt a blow to online poker players.

WSJ:   E*Trade (ETFC) and Citadel are in talks about more aide for the broker.

WSJ:   Steel mills are hiking prices.

WSJ:   Reverse mortgages are becoming more popular.

WSJ:   Microsoft (MSFT) gained search share with Bing potentially hurting Yahoo! (YHOO).

WSJ:   SEC has been hit with support for the uptick rule.

WSJ:   China’s Sina (SINA) shares fell as profits dropped.

WSJ:   T-Mobile (DT) said its customer data was not stolen as had been feared.

WSJ:   Concerns about the cost of China’s stimulus package are growing.

WSJ:   Congress is hesitating on IMF funding.

WSJ:   Buying troubled mortgages is a more tricky investment than expected.

WSJ:   China freed more companies to expand abroad.

WSJ:   The Bank of England urged more loans.

WSJ:   Porsche is near a deal to get money from Qatar.

WSJ:   Biogen (BIIB) proxy votes will probably give Icahn a board seat.

NYT:   Michigan is working to remake itself without car companies.

NYT:   Smartphones are moving from becoming gadgets to necessities.

NYT:   Hedge fund managers are investing more in emerging markets, often lifting results.

NYT:   German retailer Arcandor filed for Chapter 11.

NYT:   Revenue at Craigslist is probably $100 million.

FT:  Genting bought 3.6% of MGM Mirage (MGM).

FT:   Giethner sees the global storm abating.

Bloomberg:   BP (BP) said global oil reserves dropped last year especially in Norway, Russia, and China.

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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