Media Digest 8/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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newspaperReuters:   China is now Africa’s largest trading partner.

Reuters:   Australia says China’s latest Rio Tinto (RTP) charges are not new.

Reuters:   Publicis will buy Razorfish from Microsoft (MSFT).

Reuters:   UBS (UBS) tax talks with the US have hit a roadblock.

Reuters:   The Fed will keep rates lows and stop buying Treasuries,  experts predict.

Reuters:   Geithner has asked Congress for a higher debt limit. It stands at $12.1 trillion now.

Reuters:   Oil is at $71 helped by US stocks and a weak dollar.

Reuters:   Paulson and the head of Goldman Sachs (GS) spoke often during the financial crisis.

WSJ:   The economy is not strong enough to help a further run-up in the stock and bond markets.

WSJ:   States are being hurt by a drop in gambling.

WSJ:   Wal-Mart (WMT) is betting on Latino-themed warehouses.

WSJ:   Taxes of premium health plans could hit a very wide group of employees.

WSJ:   Miners are resisting a government plan to get them to pay  more royalties.

WSJ:   Textbooks are being offered on the Apple (AAPL) iPhone.

WSJ:   GM and Ebay (EBAY) will start a program for consumers to bargain for cars online.

WSJ:   The stage is set for a jobs rebound.

WSJ:   TV networks are holding back on selling inventory betting the economy will rebound.

WSJ:   Ex-workers are suing Hewlett-Packard (HPQ) over sales pay.

WSJ:   Pressures on commodities prices will continue.

WSJ:   The Fed is giving special treatment to GE (GE) over issues at GE Capital.

WSJ:   Maguire Properties will default on about $1.1 billion in property loans.

NYT:   The rise in bonus guarantees is hurting the government’s effort to control Wall St. pay.

NYT:   Taobao, China’s online shopping website, is growing quickly.

NYT:   Major companies know they need applications for smartphones but they are having trouble making them pay.

NYT:   A bank will allow people will allow people to deposit checks using their Apple (AAPL) iPhones.

FT:  Banks will collect over $38 billion in overdraft fees.

FT:   Climate changes and the economic crisis are forcing more companies to source supplies locally.

FT:   Advertisers are posting discreet messages on Facebook.

Bloomberg:   The VIX is signally a drop in the S&P 500 in September.

Bloomberg:   Buffett’s Berkshire Hathaway (BRK.A) buying debt and cutting investment in stocks.

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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