Media Digest 11/28/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Accoring to Reuters, Japan’s industrial output fell sharply in October.

Reuters reports that stores are courting careful customers this Black Friday.

Reuters report that Panasonic shares fell to a five year low based on its revised forecast.

Reuters reports that hits it profits goals will be a major task.

Reuters reports that ArcelorMittal will cut 9,000 jobs.

The Wall Street Journal reports that the Paulson bailout has been hurt by lack of staff.

The Wall Street Journal reports that OPEC is looking at a fresh round of cuts.

The Wall Street Journal reports that the turnaround at Dell (DELL) is in trouble dur to changes in the global "gadget" business.

The Wall Street Journal reports that cities and states are felling the credit sqeeze.

The Wall Street Journal reports that luxury car sales are in deep decline.

The Wall Street Journal reports that markets in Europe opened flat

The Wall Street Journal reports that a shipping slowdown has hit Nordic banks.

The Wall Street Journal reports that the U.S. Pension Benefit Guaranty said the use of pension funds by the Big Three to pay for restructuring threatens to drain the funds

The New York Times says RBS (RBS) says the the government will take a 58% stake.

The FT reports that GM is looking at selling European assets for 200 million euros.

The FT reports that OPEC is looking for members who cheat on quotas.

The FT reports that the downturn in the Chinese economy accelerated over the past month and could lead to high unemployment and social unrest.

Bloomberg says that Treasuries are heading for their best month since 1981.

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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