Media Digest 3/26/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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According to Reuters, Obama may be stretched to thin.

Reuters reports that AIG (AIG) executives in Europe are resisting returning bonuses.

Reuters reports that Obama will begin to tighten the screws on Wall St.

Reuters reports that the backlash against Wall St. could spread to the bank bailout plan.

Reuters reports that Twitter will seek more revenue from businesses.

Reuters reports that a house panel approved the $3.45 trillion budget.

Reuters reports that IBM (IBM) is on the short list to bid for Satyam.

Reuters writes that the US toxic asset plan should help big banks.

Reuters reports that Roche has picked up 96% of the shares in Genentech (DNA).

Reuters writes that Rio Tinto (RTP) will sell more assets if its deal to sell equity to a Chinese firm fails.

Reuters reports that Treasury is preparing a plan to take control of troubled non-bank firms.

Reuters reports that bond spreads are creating a new bank crisis measurement.

The Wall Street Journal reports that the auto task force will suggest more federal loans to GM (GM) and Chrysler.

The Wall Street Journal reports that Barclays shareholders are losing patience with management as it tries to keep the bank from government ownership.

The Wall Street Journal reports that gas prices could rise going into the summer.

The Wall Street Journal reports that the Administration wants to eliminate certain oil and gas company tax credits.

The Wall Street Journal reports that IBM (IBM) will cut 5,000 jobs.

The Wall Street Journal reports that Volvo bidders are talking to Ford (F).

The Wall Street Journal reports that commercial real estate loan failures are picking up.

The Wall Street Journal reports the the commodities rally lacks underlying demand.

The Wall Street Journal reports that trading in credit markets does not back the stock rally.

The Wall Street Journal reports that Intel (INTC) has big hopes for its new chip.

The Wall Street Journal reports that Nintendo’s new game platform is coming to the US.

The Wall Street Journal reports that PetroChina’s (PTR) profits dropped and its may curb output.

The New York Times reports that a number of firms getting government money will pay employees retention bonuses.

The New York Times reports that the latest Treasury auction showed weak demand.

The New York Times reports that Geithner reaffirmed the dollar’s role in the world of global finance.

The New York Times reports that a senior European leader attacked the US stimulus plan.

The New York Times reports that the IMF has announced a financial rescue for Romania.

The FT reports that US retail investors put large amount of money from the stock market into bank accounts.

The FT reports that debt holders are slowing the US car company bailout.

The FT reports that there has been a surge in short sellers.

Bloomberg repors that Morgan Stanley (MS) and Mitsubishi UFJ will form a large Japanese brokerage operation.

Bloomberg reports that Geithner want more power to regulate hedge funds and derivatives.

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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