Media Digest 8/13/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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NewspaperAccording to Reuters, Goldman Sachs (GS) will buy $1.5 billlion in assets from ABN.

Reuters reports that Ford’s (F) new plans will not change because of the fall in gas prices.

Reuters writes that GM (GM) will crack down on healthcare coverage.

Reuters reports that Yahoo! (YHOO) has added new board members to complete a deal with Icahn.

Reuters writes that the Japanese economy shrank in the last quarter, adding to concerns about recession.

The Wall Street Journal reports that a price in the price of cotton has worried some that the market may be manipulated.

The Wall Street Journal writes that banks are getting rid of foreclosed homes at a record rate which could damage their earnings further.

The Wall Street Journal reports that Best Buy (BBY) will begin to sell the Apple (AAPL) iPhone.

The Wall Street Journal reports that CVS (CVS) has decided to buy Longs Drugs.

The Wall Street Journal reports that the US trade gap narrowed on strong exports.

The Wall Street Journal reports that Nvidia (NVDA) posted a loss due to problems with some of its chips.

The Wall Street Journal reports that Yahoo! paid $36 million on its takeover defence.

The Wall Street Journal reports that financial stocks being protected from "shorts" fell anyway.

The Wall Street Journal reports that Dell (DELL) released a number of new laptops to defend its corporate market.

The Wall Street Journal reports that the growth of cable advertising is growing.

The New York Times report that until securitization revives the price of consumer loans will keep rising.

The New York Times reports that the corn crop in the US will hit near-record levels.

The New York Times reports that the market for SUVs is starting to look like the housing market.

The New York Times writes that two out of three US companies paid no corporate income tax between from 1998 to 2005.

The FT reports that banks remain exposed to earnings problems despite sales of toxic debt.

Bloomberg writes that a rally in share of Bank of America (BAC) and brokers is likely to end with the expiration of short selling restrictions.

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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