Media Digest 2/19/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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newspaper9According to Reuters, the biggest problem GM (GM) may face is a mountain of debt.

Reuters reports that investors in Stanford funds are pushing hard to get their money out.

Reuters reports that Obama announced his plan to rescue mortgages.

Reuters reports that the Fed cut its growth rate and may set and inflation target.

Reuters reports that UBS (UBS) will identify its customers in a tax case and pay a fine of $780 million.

Reuters reports that Sprint (S) is expected to post a loss.

Reuters reports that HP (HPQ) cut its full-year outlook.

Reuters reports that Oppenheimer bank analyst Whitney resigned.

Reuters reports that Disney (DIS) will restructure its theme park business.

The Wall Street Journal writes that the housing bailout will cost $275 billion.

The Wall Street Journal writes that BP (BP) plans to build a biofuel refinery.

The Wall Street Journal reports that MBIA (MBI) reorganized its insurance unit.

The Wall Street Journal reports that Paul Allen may see a stimulus windfall

The Wall Street Journal reports that a dispute between Intel (INTC) and Nvidia (NVDA) will go to court.

The Wall Street Journal reports that Canada is falling into recession because of the dropping price of oil.

The Wall Street Journal writes that some investors who were betting against the Eastern European economy cleaned up.

The Wall Street Journal reports that housing costs hit their lowest level in half a century.

The Wall Street Journal reports that government aid to large banks may be the start for taking them over.

The Wall Street Journal reports that the net at Whole Foods (WFMI) fell.

The Wall Street Journal writes that Apple’s (AAPL) unit sales dropped through retailers dropped in January.

The Wall Street Journal reports that Verizon (VZ) picked suppliers for its 4G network.

The Wall Street Journal reports that the Rockefellers are pushing Exxon (XOM) on its green strategy.

The Wall Street Journal reports that CBS (CBS) cut its dividend.

The New York Times reports that the SEC did not avert the Stanford fraud.

The New York Times reports that GM (GM) said the new loan it wants will be adequate.

The New York Times writes that a car company Chapter 11 could be more expensive than a bailout.

The FT reports that GM is seeking partners for its Europe brands.

Bloomberg writes that Nestle says sales growth will be the near end of projections.

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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