Media Digest 2/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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newspaper1According to Reuters, the White House is finishing a bank rescue package , that involves investment by private equity.

Reuters reports that a poll of analysts cut Q2 earnings forecasts.

Reuters reports that Amazon (AMZN) launched a new Kindle

Reuters reports that UBS (UBS) will cut jobs after a Q4 loss.

Reuters writes that GM’s (GM) Lutz will retire.

Reuters writes that Russia says it will have no debt restructuring.

Reuters reports that US life insurers are being dragged down by bad investments.

The Wall Street Journal reports that Obama warned of a lost economic decade.

The Wall Street Journal reports that the best rated firms like Cisco (CSCO) are able to raise money.

The Wall Street Journal reports that emerging markets are seeing an economic slowdown.

The Wall Street Journal reports that the board of Genentech (DNA) tried to get a higher offer from Roche.

The Wall Street Journal reports that the UK said European regulators should give more power to local countries to oversee banks.

The Wall Street Journal reports that junk funds are looking at the high end of distressed debt.

The  Wall Street Journal writes that JC Penney (JCP) is focusing on trendy lines.

The Wall Street Journal reports that Sandisk (SNDK) sees a rise in storage chips.

The Wall Street Journal reports that OPEC is delaying drilling projects.

The Wall Street Journal reports that Fedex (FDX) will cut 900 jobs.

The Wall Street Journal reports that Boeing (BA) won its satellite arbitration case.

The Wall Street Journal reports that Disney (DIS) is closing a deal with Dreamworks.

The Wall Street Journal writes that company inventories probably shrank last month.

The Wall Street Journal reports that the Treasury is turning to the Fed for improving lending.

The Wall Street Journal reports that Nomura fell 14%.

The Wall Street Journal writes that NYSE (NYX) posted a loss.

The Wall Street Journal reports that crude dropped under $40.

The Wall Street Journal reports that a plan by China to put money into Rio Tinto (RTP) forced its chairman out.

The Wall Street Journal reports that Pfizer (PFE) will report payments to doctors.

The Wall Street Journal reports that McDonald’s (MCD) sales moved up sharply in January.

The Wall Street Journal reports that Cablevision (CVC) went into the debt markets again.

The New York Times reports that the new stimulus bill could help tech and energy companies.

The New York Times reports that retail credit cards are facing worse defaults that the rest of the credit card market.

The FT writes that China inflation hit a 30-month low.

The FT reports that Kuwait may back the Rohm and Haas (ROH) with Dow (DOW).

The FT reports that IBM (IBM) will push further into cloud computing.

The FT reports that GM (GM) is fighting to avoid Chapter 11.

Bloomberg reports that an analyst believes Fannie Mae (FNM) and Freddie Mac (FRE) need $200 billion in aid.

Bloomberg reports that analysts think that the House stimulus bill will create more jobs that the Senate version.

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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