Media Digest 11/21/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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NewspaperAccording to Reuters, Citigroup (C) is weighing options including a sale.

Reuters reports that oil moved to a three-and-a-half year low.

Reuters writes that Fannie Mae (FNM) and Freddie Mac (FRE) are suspending some foreclosures.

Reuters reports that Dell (DELL) says its China sales fell.

Reuters reports that the NYC securities workforce is back to 2005 levels.

Reuters reports that Congressional Democrats insisted that The Big Three offer a survival plan.

The Wall Street Journal reports that Dell (DELL) revenue was light in the most recent quarter.

The Wall Street Journal reports that gas prices are down to almost $2.

The Wall Street Journal reports that Google (GOOG) will allow users to edit search results.

The Wall Street Journal reports that JP Morgan (JPM) cut 3,000 staff.

The Wall Street Journal reports that Disney (DIS) has laid off some of its work force.

The Wall Street Journal reports that GAP (GPS) affirmed its earnings outlook.

The Wall Street Journal reports that stocks fell on concerns about banks.

The Wall Street Journal reports that any government aid for car companies would come with strings attached for the UAW.

The Wall Street Journal reports that investors dumped corporate bonds and moved into Treasuries.

The Wall Street Journal reports that Barclays (BCS) is struggling to complete a funding.

The Wall Street Journal reports that GE (GE) is in talks with Singapore about investing in joint ventures.

The Wall Street Journal reports that demand for electricity is dropping.

The Wall Street Journal reports that directors of troubled companies are quitting.

The Wall Street Journal reports that Airbus is able to get better access to suppliers due to a strike at Boeing.

The Wall Street Journal reports that Verizon (VZ) is putting a large marketing campaign behind the new RIM (RIMM) Blackberry Storm.

The Wall Street Journal reports the The New York Times (NYT) cut its dividend.

The Wall Street Journal reports that Barnes & Noble (BKS) said its store traffic dropped sharply.

The Wall Street Journal reports that the AP will cut 10% of its work force.

The New York Times reports that farmers are in trouble as the price of agricultural commodities falls.

The New York Times reports that DVD sales, critical to Hollywood profits, are dropping.

The FT reports that an FDIC plan to help homeowners is getting support.

Bloomberg reports that job losses in the banking industry could hit 350,000.

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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