Today’s Best Market Rumors (September 30, 2009)

By Douglas A. McIntyre Updated Apr 28, 7:47AM EDT · Published Sep 30, 9:02AM EDT

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Updated throughout the day.

Update: The rapidly falling dollar is causing Asian importers of small cars to lose money on most vehicles and will force European luxury auto companies to raise prices giving American manufacturers an edge in the upcoming months (WWJ-Detroit)

Update: CIT may get fundingfrom Citigroup (C) and Barclays (BCS). (Bloomberg)

CIT (CIT) could be taken over by its bondholders or it could go into Chapter 11. Yesterday the stock rose sharply on NY Post reports that a hedge fund manager would save the firm. (WSJ) The stock was down to $1 last night but is only off to $1.41 at 8.40 AM.

Apple (AAPL) will try to use its new tablet to redefine the way people read newspapers, magazines, and books. (Gizmodo)

The improvement is housing may just be because of government “goosing”. (The Daily Deal)

Apple (AAPL) may launch a Mac mini (AppleInsider)

TimeWarner’s (TWX) AOL property may be worth$4 million, depending on who is doing the valuation. (AllThingsD)

Playboy (PLA) may be sold (BusinessWeek).

JPMorgan’s (JPM) Jamie Dimon will take a government jobin two to three years. (Clusterstock)

Microsoft’s (MFST) Courier booklet will run Windows 7 and launch in mid-2010. (Ars Technica)

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.