Media Digest 6/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Investing

Douglas A. McIntyre

Published: June 16, 2009 3:01 am

Last Updated: March 10, 2020 6:40 pm

Reuters: The US outlined new financial market reforms.

Reuters: Obama lobbied MDs on his new healthcare package.

Reuters: Russia hosted the first BRIC summit.

Reuters: B of A’s (BAC) BlackRock (BLK) stake is more appealing.

Reuters: Samsung and Nokia (NOK) are pushing into smartphones. (MOT)(AAPL)(RIMM).

Reuters: The Boston Globe and unions discussed new proposals (NYT)

Reuters: Citigroup (C) said TARP is hurting its chances of keeping talent.

Reuters: The Madoff judge is being swamped by letters from former customers.

Reuters: RIM (RIMM) plan to cross categories with its Blackberry Tour.

Reuters: The Six Flags bankruptcy could hurt unsecured creditors.

WSJ: Airbus and Boeing (BA) are trying to save orders.

WSJ: A judge set rules of the AIG (AIG) trial.

WSJ: Freddie Mac’s (FRE) temp CEO is trying to move out.

WSJ: The IMF upgraded it view of the US economy.

WSJ: The Senate is reviewing details of the new healthcare bill.

WSJ: Microsoft (MSFT) filed suit against people who allegedly committed click fraud.

WSJ: The ECB says bank write-downs will grow.

WSJ: Chrysler resumed production.

WSJ: The fight over Digital Domain has opened a tech culture clash (NTAP)(EMC).

WSJ: Virgin Media will launch a music service.

WSJ: The IMF urged Sweden’s banks to raise money.

WSJ: Lincoln National (LNC) may raise over $2 billion. (HIG)(PRU).

WSJ: Moody’s dimmed its ratings view of UBS (UBS).

WSJ: Banks may be too big to fail, but their problems may be too big to solve. (C)(WFC)(BAC)(JPM)(GS)(MS).

WSJ: Profits for home improvement retailers may be well into the future (HD)(LOW).

WSJ: GM’s law firms enjoyed a big payday.

WSJ: A GE (GE) unit will offer interim financing for its products to US hospitals.

WSJ: Adobe (ADBE) will charge for Acrobat.com.

WSJ: India topped the rankings of emerging retail markets.

NYT: Credit card issuers are trying to slash customers balances.

NYT: Tobacco regulations may face a free speech challenge.

NYT: The new healthcare plan is raising concerns about costs.

NYT: Rupert Murdoch of News Corp (NWS) and Silvio Berlusconi, Italy’s prime minister, are feuding.

NYT: Data on how airlines measure on-time performance may be questionable (LUV)(AMR)(CAL)(DAL)(UAUA)(LCC)

FT: The Treasury plans strict rules for securitization.

FT: The Eurozone may face another $283 billion in writedowns.

FT: GSK (GSK) has entered a generic drug pact.

Bloomberg: Production in the US probably dropped due to the auto industry and housing starts. (F)(HOV)

Douglas A. McIntyre

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.