Media Digest 4/21/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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newspaper19According to Reuters, the government will give Chrysler and GM (GM) new aid.

Reuters reports that IBM (IBM) revenue fell more than expected.

Reuters writes that the Treasury’s plan to get toxic assets off bank balance sheets may be subject to abuse.

Reuters reports that TI’s (TXN) first quarter revenue and second quarter forecast topped estimates.

Reuters reports that Apples (AAPL) investors are looking beyond earnings to new products and Jobs’ health.

Reuters writes that FDIC officials have discussed Pandit’s future at Citigroup (C).

Reuters reports that Geithner said he would consider the health of the financial system before taking back TARP funds.

Reuters reports that Oracle (ORCL) bought Sun (JAVA).

The Wall Street Journal reports that Bank of America’s (BAC) $4.2 billion profit is not a fix for the company.

The Wall Street Journal reports that Rattner’s former firm paid finder’s fees for pension business.

The Wall Street Journal reports that the Treasury is pressuring Fiat and Chrysler.

The Wall Street Journal writes that China is considering new rules for loans.

The Wall Street Journal reports that oil dropped below $46.

The Wall Street Journal reports that the ratings agencies may rely on the Constitutional right to opinion.

The Wall Street Journal reports that the US is targeting credit card practices.

The Wall Street Journal reports that the program to make medical files electronic faces huge hurdles.

The Wall Street Journal reports that food retailers are adjusting to what may be a permanent change in eating habits.

The Wall Street Journal reports that China may regulate lending to make sure stimulus money is used correctly.

The Wall Street Journal reports that Japan will issue $109 billion in debt.

The Wall Street Journal reports that trading has turned into a gold mine for banks.

The Wall Street Journal reports that Boston Scientific (BSX) swung to a first quarter loss.

The Wall Street Journal reports that the EU is probing cooperation among airlines.

The New York Times reports that Spain’s falling prices are upping deflation fear in Europe.

The New York Times reports that a watchdog said that the government was not watching what banks do with bailout money.

The New York Times reports that huge tech firms have the cash for M&A transactions.

The New York Times reports that Obama plans a $100 billion loan to the IMF.

The FT reports that Geithner faces a report which is critical of the bailout.

The FT reports that software and services helped IBM (IBM) reach profit goals.

The FT reports that critics say proposed regulations for hedge funds are almost useless.

Bloomberg reports that “The U.S. Treasury estimated $900 million in losses as of the end of last year on $301 billion in Citigroup Inc. assets that the government is guaranteeing, according to a new audit report.”

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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