Media Digest 1/20/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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WinterAccording to Reuters, Chrysler and Fiat in are in talks about a possible partnership.

Reuters reports that Carlos Slim will invest $250 million in The New York Times.

Reuters writes that China is weighing caution in the shadow of the US.

Reuters writes that RBS (RBS) had a record loss and its shares were pummeled.

Reuters reports that BMW may apply to the state for aid.

Reuters reports that the grandson of Toyota’s (TM) founder will take over.

Reuters reports that Blackstone (BX) lost money investing in India.

Reuters reports that Cisco (CSCO) will begin selling servers.

Reuters writes that AIG’s (AIG) investment chief is leaving.

Reuters reports that the ECB is cautious on rates now the the EU is in recession.

Reuters reports that Russia says its gas flow to Europe is restarting.

The Wall Street Journal reports that Fiat is near a deal to buy 35% of Chrysler with that number possibly going to 55%.

The Wall Street Journal reports that some of the architects of the Merrill Lynch sale to Bank of America (BAC) are coming under fire.

The Wall Street Journal reports that IBM (IBM) may face antitrust issues with the EU.

The Wall Street Journal reports that the Fed is trying to figure out how to handle new risks in the economy.

The Wall Street Journal reports that a new set of tensions have emerged at Fannie Mae (FNM) and Freddie Mac (FRE) as they try to serve taxpayers and the housing markets.

The Wall Street Journal reports that Elizabeth Arden and Estee Lauder cut forecasts.

The Wall Street Journal reports that marketers are looking beyond search engines to sell products and services.

The Wall Street Journal reports that Korean funds are considering selling US Treasuries.

The Wall Street Journal reports that China is about to become a net importer of coffee.

The New York Times reports that lines of credit for home builders are no longer based on payment history but on risk analysis.

The New York Times reports that the Satyam scandal has raised concerns in India that corruption is part of the business culture.

The New York Times reports that some regulators want certain important drugs made and stored in the US.

The FT reports that Bank of America could cut another 4,000 jobs.

Bloomberg reports that RBS (RBS) will be a test case for creeping nationalization.

Bloomberg reports that the Treasury will demand that banks provide lending data.

Bloomberg reports that crude oil prices fell below $35 on falling demand.

Douglas A. McIntyre

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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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