Media Digest: 2/9/2008: Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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newspaperAccording to Reuters, Nissan forecast an annual loss.

Reuters reports that the Treasury has delayed it bank bailout announcement.

Reuters writes that Fannie Mae (FNM) and Freddie Mac (FRE) will channel new money for modified mortgages.

Reuters reports that Barclays (BCS) forecast beat expectations.

Reuters writes that GM (GM) is in talks to take back part of Delphi.

Reuters writes that the Treasury is approving TARP money for insurance companies.

Reuters reports that Microsoft (MSFT) will open a store for cellphone software.

The Wall Street Journal reports that Sirius (SIRI) got a buyout proposal from Charles Ergen  last year and rejected it.

The Wall Street Journal reports that Disney (DIS) has reached a partnership with Dreamworks.

The Wall Street Journal reports that people in rural India are rapidly buying mobile phones.

The Wall Street Journal reports tat the renewable energy grid will be costly.

The Wall Street Journal reports that results from Coke (KO) and Pepsi (PEP) could point to signs of consumer demand habits.

The Wall Street Journal reports that profits at big US companies dropped 32% last year, making a stock market rebound unlikely.

The Wall Street Journal reports that US stockpile of oil are moving up, hurting OPEC.

The Wall Street Journal reports that Big Pharma companies are becoming addicted to debt.

The Wall Street Journal reports that big firms are trying to get control of inventory.

The Wall Street Journal reports that Starbucks (SBUX) will sell a discount breakfast.

The New York Times reports that the bank bailout will seek private funds.

The New York Times reports that analysts are keeping “buy” ratings on stocks.

The New York Times reports that The New York Times Company (NYT) may be well positioned for the recession.

The New York Times report that Live Nation and Ticketmaster are about to announce a merger.

The New York Times reports that Comcast (CMCSA) will offer more local sports.

The New York Times writes that former Portfolio.com editors have started a website about the recession.

The FT reports that Obama is raising pressure to get the stimulus bill passed.

The FT reports that the head of Goldman Sachs (GS) wants more strict accounting for the industry.

The FT reports that long-term home loan rates are moving back up.

The FT reports that sales of PCs will probably fall for the first time in eight years during 2009.

Bloomberg reports that GM (GM) and Chrysler may be put into bankruptcy to protect US loans.

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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