Media Digest 2/11/1009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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newspaper2According to Reuters, Congress and The White House are working on the final stimulus package.

Reuters reports that Wall St CEOs will defend their use of bailout money before Congress.

Reuters reports that the US has put together a $2 trillion financial stimulus package.

Reuters reports that EchoStar (DISH) is offering Sirius (SIRI) a lifeline.

Reuters reports that Wal-Mart (WMT)  is eyeing expansion in Chicago.

Reuters reports that Credit Suisse (CS) posted a record loss.

Reuters reports that a senator says GM (GM) will meet the date to present its restructuring plan.

The Wall Street Journal reports that GM (GM) will cut its salaried staff by 14%.

The Wall Street Journal writes that cutting foreclosures has been difficult.

The Wall Street Journal writes that the mortgage servicing business is being swamped by foreclosures.

The Wall Street Journal reports that AIG (AIG) may sell its car insurance business.

The Wall Street Journal reports that Intel (INTC) is forging ahead with plans for a $7 billion expansion.

The Wall Street Journal reports that AMD (AMD) shareholders will vote on a spin off of its manufacturing unit.

The Wall Street Journal reports that drops in commodities prices are hitting Latin America hard.

The Wall Street Journal reports that the trade gap probably narrowed but that few people are watching the data now.

The Wall Street Journal reports that Kuwait is facing a banking crisis.

The Wall Street Journal reports that GE (GE) moved capital into its financial unit.

The Wall Street Journal writes that it is no time for Time Warner (TWX) to cut its Time Warner Cable (TWC) business.

The Wall Street Journal reports that Chinalco  is close to a deal to put money into Rio Tinto (RTP).

The Wall Street Journal reports that DirecTV (DTV) added subscribers but its income fell.

The Wall Street Journal reports that Live Nation will use stock to buy TicketMaster.

The Wall Street Journal reports that viewers are tapping more free content on the web.

The New York Times reports that vulture investors are looking at more distressed assets.

The New York Times reports that Chinese exports plummeted in January.

The FT reports that China imports fell 43%.

Bloomberg reports that Pimco says the there will be a “second wave” to the financial crisis.

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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