Media Digest 7/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Reuters:   The economic crisis will dominate the G8 summit.

Reuters:   A NY court ruled against AIG (AIG) in a battle with former CEO Greenberg.

Reuters:   Google (GOOG) will launch an operating system for low end PCs to compete with Microsoft (MSFT).

Reuters:   US apartment vacancies are near historic highs.

Reuters:   Amcor is close to buying Rio Tinto’s (RTP) non-US packaging assets.

Reuters:   Pickens is backing off his wind farm project.

Reuters:   The CFTC is considering trading curbs on some commodities.

Reuters:   A theft of trading code could cost Goldman Sachs (GS) millions of dollars.

Reuters:   US regulators may try to defend a new consumer protection agency.

Reuters:   The US is looking at a second stimulus package.

WSJ:   Oil speculators are under fire.

WSJ:   Alcoa (AA) is investing in new markets that should help it during a recovery.

WSJ:   Entrepreneurs won a tax case against the IRS.

WSJ:   Kodak’s (EK) CEO is betting big on printers.

WSJ:   A royalty plane was set for online radio.

WSJ:   The old Merrill Lynch investment bank is disappearing inside Bank of America (BAC).

WSJ:   Boeing (BA) will buy a plant that supplies key functions for its Dreamliner.

WSJ:   Sony (SNE) is moving into the netbook business.

WSJ:   Bull are turning into bears in Asia.

WSJ:   Vornado is making a big bet on distressed properties.

WSJ:   Large banks may still be too big to fail.

WSJ:   Consumer credit card delinquencies mean spending may do little to help the recovery.

WSJ:   Car dealers left after the industry downsizing are trying to get customers from closed dealers.

WSJ:   China is seeking GM technology with its Opel bid.

WSJ:   Arcelor, the world’s largest steel company, is ramping up production.

WSJ:   Amgen’s (AMG) new bone drug is promising.

WSJ:   Palm (PALM) signed up carriers in Europe.

NYT:   A major cyber attack targeted some large websites.

NYT:   The huge federal budget gap is becoming a big problem, but efforts to improve it are faltering.

NYT:   The smartphone is starting to replace the GPS.

NYT:   The NY Times (NYT) deadline for offers for The Boston Globe was pushed back.

FT:   Private equity firms are objecting to FDIC rules effecting the sale of banks.

For Apple (AAPL) news go to AppleFinancialNews.com.

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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