Media Digest 2/5/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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NewspaperAccording to Reuters, Wall St. workers face a bleak future.

Reuters reports that the Senate has agreed to a soft "buy America plan."

Reuters reports that the government needs an investment plan for its bank shares.

Reuters writes that a US housing bottom may be in sight.

Reuters reports that the US is pushing Bank of America (BAC) to complete its buyout of Merrill Lynch.

Reuters reports that an investor who tried to get an investigation of Madoff attacked the SEC.

Reuters say the UK is set to cut rates and the BOJ may need to do more.

Reuters reports that P&G (PG) may sell its pharma unit.

Reuters writes that Swiss Re wrote down $3.5 billion and Buffett invested in the firm.

Reuters reports that Unilever rose on good results.

Reuters reports that Deutsche Bank (DB) reported bad numbers and said the future would be rough.

Reuters reports that Lenovo posted a loss and its CEO resigned.

Reuters reports that EchoStar has been buying Sirius (SIRI) debt.

The Wall Street Journal reports that the role the government played in the B of A buyout of Merrill shows it to be in charge of financial firms it bailed out.

The Wall Street Journal reports that Goldman Sachs (GS) is willing to pay back TARP funds.

The Wall Street Journal shows that a look of an AIG (AIG) investment unit shows how it may have brought the firm down.

The Wall Street Journal reports that auto parts companies want a bailout.

The Wall Street Koran reports that more vehicles were sold in China than the US last month.

The Wall Street Journal reports that mortgage banks are looking for US support.

The Wall Street Journal reports a Dubai firm canceled orders for Boeing (BA) Dreamliners.

The Wall Street Journal reports that Congress want more investigations of what caused the credit crisis.

The Wall Street Journal reports that many traders are betting the tech rally won’t last.

The Wall Street Journal reports that IBM (IBM) and Google (GOOG) are pushing to get patient records online.

The Wall Street Journal reports that Hynix posted another quarterly loss.

The Wall Street Journal reports Lazard’s net fell and Prudential lost money.

The Wall Street Journal reports that the Internet is hurting DVD sales.

The Wall Street Journal reports that the Kremlin’s defenses are crumbling.

The Wall Street Journal reports that Cisco (CSCO) sees harder times ahead.

The Wall Street Journal reports hat Costco (COST) is one of a series of retail earnings warnings.

The Wall Street Journal writes that advertisers are doing more to track results of their web ads.

The Wall Street Journal reports that Bloomberg has cut jobs.

The New York Times reports that the Senate has advance a bill to offer home buyers incentives.

The New York Times reports that digital pirates are winning the battle with studios.

The New York Times reports that Hyundai will let car buyers return vehicles if they lose their jobs.

The New York Times reports that the TicketMaster merger could cause antitrust problems.

The FT reports the Treasury is set for a record debt sale.

The FT writs that US credit card delinquencies hit a new high.

Bloomberg reports that Ford (F) may sell Volvo to a Chines car company.

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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