Media Digest 6/12/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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newspaperReuters:  Baclays (BCS) sold BCI to Blackrock (BLK) for $13.3 billion

Reuters:   WHO declared a flu epidemic

Reuters:   Congress bash Fed, Treasury, and B of A (BAC) on Merrill

Reuters:   US is near tighter control of tobacco by FDA.

Reuters:   New research shows mortgage delinquencies have bottomed

Reuters:   World Bank sees a steeper global economy contraction.

Reuters:   Dell (DELL) is using Twitter to improve sales.

Reuters:   Retail sales and joblessness figures caused optimism.

Reuters:   TARP repayments will start next week.

Reuters:   The US killed the Northrop Grumman (NOC) missile defense program.

Reuters:   Australia says it sees advantages to the Rio Tinto (RTP) deal with BHP Billiton (BHP).

Reuters:   AIG (AIG) will use its winnings from a trial to pay back taxpayers.

Reuters:   US airlines plan further capacity cuts. (DAL)(CAL)(UAUA)(LUV)(LCC)(AMR)

Reuters:   Yahoo! (YHOO hired a CFO from Altera.

WSJ:   The Fed is unlikely to increase its bond repurchase programs.

WSJ:   The IRS may tax the use of company-issued mobile phones.

WSJ:   Microsoft (MSFT) will drop its Windows browser in Europe for antitrust reasons.

WSJ:   GM is close to selling Saab

WSJ:   The IMF and World Bank differ on economic outlooks.

WSJ:   Exxon (XOM) joined a group building at TransCanada pipeline.

WSJ:   Ebay (EBAY) sees stability in the market.

WSJ:   AOL (TWX) bought small local online media companies.

WSJ:   Long bond sales helped stocks.

WSJ:   Mortgage rates climbed passed 5.5%.

WSJ:   Glaxo (GSK) is at loggerheads with Russia over HIV drugs.

NYT:   The US recovery could happen faster than Europe’s.

NYT:   Some experts fear China is too dependent on domestic investments.

NYT:   American’s net worth dropped by $1.33 trillion in the first quarter.

FT:   Boeing (BAC) trimmed its delivered output forecast.

FT:   Funding cuts threatens world food aid.

Bloomberg:   New lending in China doubled.

Bloomberg:   Hedge funds posted large gains due to the stock rally.

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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