Media Digest 3/31/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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newspaper28According to Reuters, government talk of auto company bankruptcy may cause creditors and the UAW to renew talks with GM (GM) and Chrysler.

Reuters reports that Obama is talking a hefty agenda with him to the G20.

Reuters writes that the US recession may not have bottomed.

Reuters reports that Obama is pitching an economic recovery to get a budget passed.

Reuters reports that Asia is split over disagreements between the US and China.

Reuters writes that the Chrysler tie-up with Fiat faces tough problems.

Reuters reports that Intel (INTC) rolled out a powerful new server chip.

Reuters reports that Morgan Stanley (MS) is completing a $6 billion property fund.

Reuters writes that Disney (DIS) will launch ad-supported channels on Google’s (GOOG) YouTube.

The Wall Street Journal reports that life insurers find their fates tied to the stock market.

The Wall Street Journal reports that Russia warned about low oil prices and said it would coordinate its actions with OPEC.

The Wall Street Journal reports that questions are arising about how effective the IMF can be in the economic crisis.

The Wall Street Journal reports that Google plans a $100 million venture fund.

The Wall Street Journal reports that Barclays (BCS) will not take new aid from the UK government.

The Wall Street Journal reports that a key Goldman Sachs (GS) executive has left the company.

The Wall Street Journal reports that General Growth has avoided Chapter 11.

The Wall Street Journal reports that the firing of Wagoner puts other CEOs on the hot seat.

The Wall Street Journal reports that GM will replace at least six board members.

The Wall Street Journal writes that Google launched an online music service in China.

The Wall Street Journal reports that the Cerberus stake in Chrysler will be wiped out.

The Wall Street Journal reports that earnings for companies in the S&P may not be as high as forecast.

The Wall Street Journal reports that dividend funds are scrambling as firms cut pay-outs.

The Wall Street Journal reports that Blackstone (BX) returns are still in a black box.

The Wall Street Journal reports that Eli Lilly (LLY) is looking for M&A targets.

The Wall Street Journal reports that soft drink sales in the US are falling quickly.

The Wall Street Journal reports that spending on internet advertising is starting to cool

The New York Times reports that the government may provide incentives for people who buy fuel-efficient cars.

The New York Times reports that the rift between bulls and bears on Wall St. is widening.

The New York Times reports that overrunning cost on weapons systems are has high as $296  billion.

The New York Times reports that the slump in Russia is worsening.

The FT reports that the OECD expects a 10% jobless rates in developed countries.

Bloomberg report that Ford (F) may flip from laggard to leader in Detroit.

Bloomberg reports that “The U.S. government and the Federal Reserve have spent, lent or guaranteed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s. ”

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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