Media Digest 8/24/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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newspaperReuters:   A faltering stock market may make it hard for China to cut financial support to the capital markets.

Reuters:   Roubini warned of a double dip recession.

Reuters:   Warner Chilcott will buy the P&G (PG) drug business.

Reuters:   The head of Germany said GM must make an immediate decision on Opel.

Reuters:   A senator has asked the SEC to make a broad review of the stock market structure.

Reuters:   Central banks are stressing that they will not rush moving out of supporting financial and credit markets.

WSJ:   Early bulls on the US market are turning skeptical.

WSJ:   The oil industry detailed the costs of the climate bill.

WSJ:   Goldman Sachs (GS) gives trading tips to key clients.

WSJ:   Policy makers are trying to learn from the 1937 recession.

WSJ:   The race is on to file for the “cash for clunkers” deals.

WSJ:   The Harvard endowment will run more money internally.

WSJ:   Chinalco is open to talks with Rio Tinto (RTP) on cooperation in bauxite production.

WSJ:   The profits at Sinopec (SNP) quadrupled.

WSJ:   Yahoo! (YHOO) China is being hurt by decisions made by partner Alibaba.

WSJ:   AT&T (T) says it played no role in Apple (AAPL) rejecting a Google (GOOG) voice app.

WSJ:   Large companies are fighting the law firm practice of billing them by the hour.

WSJ:   China is making huge investments in Latin America.

WSJ:   Shares in Citigroup (C) are up 70% in a month and could go higher.

WSJ:   More energy companies are passing up insurance coverage.

NYT:   Asia’s rapid recovery highlights the new economic power of China.

NYT:   Warner has become the top producer of TV shows.

NYT:   The FTC is looking at the future of the news business.

FT:   The US government is sitting on an $11 billion profit from its investment in Citigroup (C).

FT:   An appetite for municipal bonds is returning.

FT:   Nokia (NOK) will press its smartphone push against Apple (AAPL).

FT:   Coal prices are up on Chinese demand.

Bloomberg:   GM is close to a sale of Hummer to a Chinese machinery company.

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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