Media Digest 7/14/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Investing

Douglas A. McIntyre

Published: July 14, 2009 3:00 am

Last Updated: April 28, 2020 1:25 am

newspaper Reuters: Riots in China show the nation is in flux.

Reuters: The US is considering mortgage aid for the unemployed.

Reuters: The June budget gap was $94 billion.

Reuters: Rattner stepped down from the auto task force.

Reuters: The spy probe of Rio Tinto (RTP) workers in China grew.

Reuters: A new consumer agency won’t cause bank fee hikes.

Reuters: Exxon (XOM) plans investing in making fuel from algae.

Reuters: Goldman Sachs (GS) execs sold $700 million in stock.

Reuters: Lawmakers want more information on the Bank of America (BAC) deal to buy Merrill Lynch.

Reuters: Facebook employees were allowed to sell some stock, valuing the company at $6.5 billion.

Reuters: Ford (F) and GM rejected $80 billion in bonuses for Visteon management.

WSJ: The US is in advanced talks to save CIT (CIT).

WSJ: Fortress is in complex negotiations over $1.5 billion in loans.

WSJ: Starwood made a bid for Corus.

WSJ: The EU may step up pay curbs.

WSJ: The EU plans a major new gas pipeline.

WSJ: Dell (DELL) says PC sales are still soft.

WSJ: The US is looking at aid to the auto supply sector.

WSJ: McGraw-Hill (MGP) may sell BusinessWeek.

WSJ: Microsoft (MSFT) will offer software online.

WSJ: Google (GOOG) is betting on online software.

WSJ: The $1 trillion deficit is complicating Obama’s objectives.

WSJ: The UK may be slow to sell its shares in major banks.

WSJ: China is concerned about banks making loans that encourage easy credit and perhaps cause inflation.

WSJ: The SEC is looking into practices at credit rating firms.

WSJ: Shares in Goldman Sachs (GS) and JPMorgan (JPM) may be over-bought.

WSJ: A much-need shake-out in the magazine industry in on the way.

WSJ: Honda (HMC) will expand its hybrid line-up.

WSJ: GM played down a bid for Opel from a Chinese auto firm.

WSJ: Video game maker Take-Two (TTWO) cut forecasts.

WSJ: Burger King (BKS) is killing plans for a $1 hamburger.

NYT: Some airline carriers may not survive.

NYT: Bing has brought credibility to Microsoft’s (MSFT) search efforts.

NYT: China may be protecting its wind and solar energy businesses from outside competition.

NYT: The job growth in healthcare is expected to be strong.

NYT: South Korea says a trade deal with Europe is near.

FT: In the US, weeds are growing with green shoots.

FT: The sale of McGraw-Hill’s (MGP) BusinessWeek may bring only $1.

Bloomberg: The credit default swap market is being investigated by the Justice Department.

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.