Media Digest 9/11/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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NewspaperAccording to Reuters, Lehman (LEH) will release earnings a week early after its stock dropped 45%.

Reuters reports that OPEC agreed to a surprise production cut.

Reuters reports that CFOs are more optimistic about the US economy.

Reuters reports that Nokia (NOK) has entered into a corporate e-mail deal with Microsoft (MSFT)

The Wall Street Journal reports that Berkshire Hathaway (BRK) told a subsidiary to stop insuring deposits above the amount guaranteed by the FDIC

The Wall Street Journal reports that RIM (RIMM) is introducing its first clam-shell phone in a bid to increase market share.

The Wall Street Journal reports that the US budget deficit will probably double in fiscal 2008.

The Wall Street Journal reports that the S&P 500 dropped Fannie Mae (FNM) and Freddie Mac (FRE).

The Wall Street Journal writes that Apple (AAPL) introduced new versions of the iPod.

The Wall Street Journal writes that Credit Suisse will start charging some new clients to speak to their stock analysts.

The Wall Street Journal reports that Sirius XM (SIRI) cut back growth estimates.

The Wall Street Journal reports that Time Warner’s (TWX) AOL has updated its site to win back users.

The Wall Street Journal reports that NetFlix (NFLX) is preparing to start streaming movies over the internet.

The Wall Street Journal reports that a federal appeals panel ruled that a securities lawsuit over Vioxx can go forward against Merck (MRK).

The Wall Street Journal reports that a new survey will show speculators are to blame for some of the volatility in oil prices.

The Wall Street Journal reports that auto sales fell in China.

The Wall Street Journal writes that China’s August trade surplus hit a monthly record.

The New York Times reports that some members of Congress want the exit packages for the CEOs of Fannie and Freddie to be cut.

The New York Times reports that Boeing (BA) has the ability to last through a long strike because of its balance sheet.

The FT reports that the S&P 500 had its biggest drop in a year.

The FT reports that Chinese inflation fell sharply last month.

Bloomberg writes that commodity index investors, blamed for record oil prices, sold $39 billion worth of oil futures between their July record and Sept. 2, causing crude to plunge.

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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