Media Digest 8/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Reuters:   A bubble may be forming in the corporate bond market.

Reuters:   Wall St. firms have made $1 billion on the break up of AIG (AIG). Morgan Stanley(MS), Goldman Sachs (GS), JP Morgan (JPM) and Blackstone (BX) could get large fees.

Reuters:   A judge would not approve an SEC settlement with Bank of America (BAC)

Reuters:   The Administration is considering splitting Fannie Mae (FNM) and Freddie Mac (FRE).

Reuters:   The SEC plans a new enforcement unit.

Reuters:   Cisco (CSCO) was cautious about its recovery prospects.

Reuters:   News Corp (NWS) said it would charge for its news sites and expressed displeasure with the Amazon (AMZN) Kindle and its relationship with newspapers.

Reuters:   Monster’s (MNST) only jobs index fell in July.

Reuters:   Las Vegas Sands (LVS) and Wynn (WYNN) IPOs are seen as doing well.

WSJ:   P&G (PG) is creating cheaper detergent to fight the downturn.

WSJ:   Bank of America (BAC) did not disclose $2 billion in Merrill losses just before the deal was approved.

WSJ:   Jobs losses are still hindering the recovery.

WSJ:   The CEO of American Express (AXP) is still concerned about the recovery.

WSJ:   Deutsche Telekom (DT) results were in line with expectations.

WSJ:   Prudential Financial (PRU) ended a string of quarterly losses.

WSJ:   The government says GM will go public before Chrysler.

WSJ:   Google (GOOG) set a deal to buy video compression firm On2 (ONT).

WSJ:   Vonage (VG) posted another deficit.

WSJ:   The Fed may work to extend programs for consumer and business lending.

WSJ:   The Treasury will sell more inflation-adjusted bonds to encourage China purchases.

WSJ:   The CFTC appears ready to impose limits on energy trading.

NYT:   Geithner says small disagreements between regulators should not halt reform.

NYT:   Goldman Sachs (GS) officials are defiant about the firm’s profits.

NYT:   The Administration will provide $2.4 billion for battery development, mostly for electric cars.

NYT:   Toyota (TM) plans a US sports car.

FT:   The SEC is seeking funds for complex investigations.

FT:   Goldman Sachs (GS) has 46 trading days of over $100 million in the last quarter.

FT   Google (GOOG) is set to take on Apple (AAPL) in the China cell phone market.

FT:   China has suffered its largest bank fraud.

Bloomberg:   Hank Greenberg may face SEC charges involving his role at AIG (AIG).

Bloomberg:   The former head of American Express (AXP) may become chairman of AIG.

Douglas A. McIntyre is the former chairman and CEO of On2 Technologies (ONT)

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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