Media Digest 11/5/2008 Obama Wins, Reuters, WSJ, NYTimes, FT, Reuters

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

According to Reuters, Obama won the race for US president

Reuters reports that stock index futures were steady after the Obama win.

Newspaper

Reuters reports that MasterCard (MA) said US consumer spending was hit by the credit crisis.

Reuters reports that private equity firm Carlyle warned of weak returns.

Reuters reports that some analysts expect the Yahoo! (YHOO) sales deal with Google (GOOG) to fail.

Reuters reports that GM (GM) and Ford (F) investors are getting ready for huge losses.

The Wall Street Journal writes that the benchmark yield curve in major government bond markets has steepened significantly, signaling a long road to economic recovery."

The Wall Street Journal reports that online advertising is expected to slow.

The Wall Street Journal reports that Boeing (BA) will delay the launch of its Dreamliner due to improperly installed fasteners.

The Wall Street Journal reports that luxury sales are falling sharply.

The Wall Street Journal reports that Dell (DELL) is planning more expense cuts.

The Wall Street Journal reports that ADM (ADM) will aggressively enter the ethanol market outside the US.

The Wall Street Journal reports that Nokia (NOK) plans more restructuring.

The Wall Street Journal writes that "the FCC approved two wireless mergers: Verizon Wireless’s (VZ)(VOD) purchase of Alltel, and Sprint Nextel’s (S) merger with Clearwire (CLWR)."

The Wall Street Journal reports that a "rally fever" pushed US stocks to a one-month high.

The Wall Street Journal reports that UBS (UBS) will have more losses in Q4 due to large write-offs.

The Wall Street Journal writes that reports of poor earnings at Viacom (VIA) make spread to Time Warner (TWX) and Disney (DIS).

The Wall Street Journal reports that Blackstone will be hurt by its buyout of Hilton.

The Wall Street Journal reports that China car sales growth seems to be flattening.

The Wall Street Journal reports that the FCC is opening an investigation into cable TV pricing.

The New York Times reports that the FCC opened up radio spectrum in the hope of improving government internet access.

The New York Times reports that Wall St. risk models failed to keep up with the growth in complex securities.

The New York Times reports that factory orders fell more than expected in September.

The New York Times reports that financial troubles and the rising cost of corn are hurting ethanol companies in the US.

The New York Times reports that US News, now weekly, will become a monthly magazine.

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.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618