Media Digest 6/17/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Media

Douglas A. McIntyre

Published: June 17, 2009 3:08 am

Last Updated: April 28, 2020 1:24 am

newspaper Reuters: The US faces a long period of economic stagnation.

Reuters: Obama will release plans for a financial market overhaul.

Reuters: The White House will not help California fix its deficit.

Reuters: Large US company bankruptcies are accelerating.

Retuers: News Corp’s (NWS) MySpace fired 30% of its staff.

Reuters: Developing world leaders showed their new power at their summit.

Reuters: US housing starts rose and inflation is in check.

Reuters: Carlyle and Blackstone (BX) will bid for First Republic.

Reuters: Adobe’s (ADBE) profit margins narrowed.

Reuters: Morgan Stanley (MS) may make changed in its prime brokerage unit.

Reuters: Boeing (BA) will discuss 787 costs with suppliers.

Reuters: Barclays (BCS) accepted BlackRock’s (BCK) offer for its money management unit.

Reuters: Systematic banking risk may be within Congress’ purview.

Reuters: The former CEO of AIG (AIG) denied that he had fiduciary responsibility for some of his actions.

WSJ: The new financial regulation proposal will create a new consumer protection agency.

WSJ: The US will provide four firms with $18.5 billion to help revive the US nuclear power industry. Unistar, NRG, Scana (SGC), and Southern (SO).

WSJ: Morgan Stanley will offer new options to hedge fund clients.

WSJ: Red tape makes it harder for people to modify mortgages, even when they are in trouble.

WSJ: The hedge fund manager who predicted the “black swan” that hit the markets is betting on inflation.

WSJ: The FDA warned about use of Matrixx (MTXX) Zicam.

WSJ: Reynolds did not infringe on Star Scientific (STSI) patents.

WSJ: The IRS was asked to drop a tax on cellphones (S)(T)(VZ)(VOD)(RIMM)(PALM)(AAPL)

WSJ: A request for aid by auto suppliers was turned down.

WSJ: Genzyme (GENZ) closed a contaminated plant.

WSJ: Best Buy (BBY) offered a cautious outlook.

WSJ: Morgan Stanly (MS) will repay TARP funds.

WSJ: RIM (RIMM) launched the Blackberry Tour.

WSJ: The pick to run the FCC favors broadband expansion.

‘WSJ: Fedex (FDX) results may not say much about the future of the economy.

WSJ: A leading hedge fund is betting the government stimulus in Asia will fail.

WSJ: The former CFTC chairman joined NYSE (NYX).

WSJ: Moody’s (MCO) downgraded Beazer (BZH).

WSJ: The Fed’s buying boosted Treasuries.

WSJ: A ruling may cost Expedia (EXPE) millions in fines.

WSJ: Biogen (BIIB) has gained an edge in drug talks against Genentech.

WSJ: DirecTV (DTV) will offer targeted ads.

WSJ: Sinopec (SNP) plans it first deep water well.

WSJ: Starbucks (SBUX) is working to make its coffee fresher.

NYT: Overseas banks are buying cheap Wall St. assets.

NYT: General Mills, Macy’s (M) and P&G (PG) are using ads that recall the ’60s.

NYT: Boeing (BA) and Airbus are preparing for another fight over a military tanker.

FT: A new “Buy China” program will set off charges of protectionism.

FT: The US is urging Twitter to delay a service break due to it being a “vital tool” for citizens.

Bloomberg: Shell says Nigerian disruption problems will extend to next month.

Bloomberg: Toyota (TM) may build the Prius in California

Douglas A. McIntre

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.