Media

Media Digest 7/29/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   China and the US vowed close ties to bring the economy out of recession.

Reuters:   Microsoft (MSFT) and Yahoo! (YHOO) are close to a search deal.

Reuters:   The Senate may drop a public health care option.

Reuters:   Honda (HMC) posted a profit and raised forecasts.

Reuters:   An executive pay bill was approved by a House committee.

Reuters:   AMR (AMR) is hoping to close an alliance with British Air and Iberia this year.

Reuters:   Subprime lenders say US programs to help home loans in default may increase borrower costs.

Reuters:   The CFTC plans to be more aggressive on limiting positions in certain instruments.

Reuters:   American Express (AXP) is trying to get growth from its user base which is reluctant to spend.

Reuters:   Many banks probably have too many branches.

WSJ:   KKR plans an IPO of Dollar General.

WSJ:   Nomura is having trouble trying to expand globally.

WSJ:   Home prices are beginning to rise.

WSJ:   ArceloMittal swung to a loss.

WSJ:   GM plans to begin leasing cars again.

WSJ:   IBM (IBM) bought SPSS for $1.2 billion.

WSJ:   Sanofi-Aventis lifted its forecasts.

WSJ:   New tech to follow web traffic is helping to stop viruses.

WSJ:   China voiced concern over the rising US deficit.

WSJ:   Oil companies are against Nigeria’s plan to overhaul its energy policies.

WSJ:   Ambac’s(ABK) debt ratings were cut deeper into junk status.

WSJ:   Earnings at some banks may not have recovered as much as investors believe.

WSJ:   Gambling firm Station Casinos filed for Chapter 11.

WSJ:   Sprint (S) got further into prepaid cellular by buying Virgin Mobile USA.

WSJ:   Toyota (TM) kept its No.1 spot in global cars sales in the first half.

WSJ:   GE (GE) says its efforts to shrink its financial unit and post a profit are on target.

WSJ:   Apple (AAPL) won’t let Google (GOOG) distribute an internet telephone software package on the iPhone.

NYT:   Shares in China’s larges home builder rose on its public trading debut.

NYT:   Avtovaz, Russia’s largest car marker, may lay-off 27,000 people.

NYT:   Condo sales in Miami are improving as prices plunge.

FT:   Cable TV companies could be a payment mechanism to charge for online content.

Douglas A. McIntyre

Travel Cards Are Getting Too Good To Ignore (sponsored)

Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.

We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.

It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.

We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.