Media Digest 8/30/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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newspaperReuters:   Cybercrime is spreading fast on Facebook.

Reuters:   GM will seek to sell most of its assets to a new company.

Reuters:    Madoff got 150 years in prison.

Reuters:   AIG (AIG) shareholders will elect new directors.

Reuters:   GM is close to a deal to sell Opel.

Reuters:   A jury returned a $1.7 billion drug verdict against Abbot (ABT).

Reuters:   A judge delayed a bail decision about Allen Stanford.

Reuters:   The VIX is the lowest it has been since the Lehman bankruptcy.

WSJ:   Wall St. will have its best quarter since the financial crisis began.

WSJ:   The EU is seeking a number of reforms in China.

WSJ:   Apple’s (AAPL) Steve Jobs is back at work.

WSJ:   The US is waging a financial war against North Korea.

WSJ:   A  jury said Abbott (ABT) must pay a $1.7 billion patent award to J&J (JNJ).

WSJ:   Hyundai will offer car buyer $1.49 gas if they buy before August 31.

WSJ:   The US is objecting to an alliance between Continental (CAL) and United (UAUA).

WSJ:   Carlyle raised $1 billion for an Asia fund.

WSJ:   Hong Kong and Disney (DIS) reached an expansion deal.

WSJ:   Broadcom (BRCM) lifted the price if would pay for Emulex.

WSJ:   Ten states are trying to finish budgets before facing partial shutdowns of services.

WSJ:   Large universities were bested in endowment growth by smaller ones who took more simple investment tacks.

WSJ:   Asian borrowers are increasing fund raising while their markets are hot.

WSJ:   China’s banks are making risky loans for infrastructure projects.

WSJ:   Militants hit oil supplies in Nigeria again.

WSJ:   State Street (STT) says the SEC may file charges against it.

WSJ:   AIG (AIG) says it may have lost more money on its derivatives portfolio.

WSJ:   The recovery may not be complete until banks clean up balance sheets.

WSJ:   Stocks in Exxon (XOM) and Chevron (CVX) are being fueled by gains in crude.

WSJ:   A court decision on DVRs will help Cablevision (CVC) and other cable companies.

WSJ:   Analysts expect a car sales rebound in June.

WSJ:   Sanofi faces problems on studies of its drug Lantus.

WSJ:   McDonald’s (MCD) will expand in India.

WSJ:   Dell (DELL) is working on a pocket web product.

WSJ:   Comcast (CMCSA) will offer wireless cards.

WSJ:   Biogen (BIIB) reported another sick patient for its MS drug.

WSJ:   Amazon (AMZN) is dropping more affiliates to avoid state taxes.

NYT:   The Supreme Court says states can investigate national banks for lending discrimination.

NYT:   New airplanes will have airbags and seats less likely to rip loose.

NYT:   GM is exiting a long-standing joint venture with Toyota (TM).

NYT:   Levi’s is courting young buyers with a new message.

NYT:   The IEA sees little growth in oil demand in the next few years.

FT:   A deficit has forced California to issue IOUs.

FT:   Rio Tinto (RTP) has threatened to sell metals onto the spot market.

Bloomberg:   Treasuries are headed for their biggest quarterly loss in three decades.

Bloomberg: Xstrada’s $40 billion bid for Anglo American may restart the M&A market.

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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