Media Digest 6/25/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Reuters:   Political battles are likely to make this a tough year for the Fed.

Reuters:   The head of Toyota (TM) warned of two more tough years.

Reuters:   Lawmakers accused Fed of a cover-up in dealing with Bank of America (BAC)

Reuters:   California is set to issues IOUs to conserve cash.

Reuters:   The new TARP chief says economy is on the mend.

Reuters:   BP (BP) selected Ericsson’s (ERIC) CEO as its next chairman.

Reuters:   Buffett says that US economy has “no bounce.”

Reuters:   The Fed held policy steady and said the recession is easing.

WSJ:   Driving is dropping as fuel costs alter peoples’ plans.

WSJ:   GMAC is cutting wholesale financing to some dealers.

WSJ:   The economy and housing should rise together.

WSJ:   The OECD says the economy is improving.

WSJ:   The SEC voted to insist money market funds have more liquidity.

WSJ:   KKR will go public in Europe.

WSJ:   Yahoo! (YHOO) is planning a major brand overhaul.

WSJ:   The IRS is stepping up scrutiny of off-shore funds.

WSJ:   Wall St has lost interest in the hotel industry.

WSJ:   Barclays (BCS) is being asked to give more data on Lehman.

WSJ:   Advertisers are giving consumers more power over how their data is used on the web.

WSJ:   Best Buy (BBY) is targeting 15% market share of cellphone industry.

WSJ:   As banks dress up their balance sheets, credit spreads will spike.

WSJ:   Short sellers increased bets on NYSE stocks.

WSJ:   Time Warner Cable (TWC) and Comcast (CMCSA) are not doing enough to protect their programs on the web.

WSJ:   Delays in the Boeing (BA) 787 could hurt airlines in Asia.

WSJ:   Monsanto (MON) will restructure its herbicide business.

WSJ:   Nike’s (NKE) net fell 30% on restructuring.

WSJ:   Sanofi will cut research and dive into generic drugs.

NYT:   The GOP will paint Bernanke as a friend of big government.

NYT:   The developing world is seen as an engine for the recovery.

NYT:   The World Bank says Russia faces a long recession.

NYT:   A CME group disputed the notion that speculators drove up oil prices.

FT:   The ECB is pumping 442 billion euros into the banking system.

FT:   Critics emerged about Citigroup’s (C) plan to raise pay of some executives.

Bloomberg:   Treasuries fell as new auction added to supply concerns.

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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