Media Digest 10/5/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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newspaperReuters:   A bear market could kill the extraordinary rally in corporate bonds.

Reuters:   Treasury will announce three more funds are buying toxic assets.

Reuters:   Bank of America (BAC) will select an emergency CEO this week.

Reuters:   Goldman Sachs (GS) is owed $1 billion if CIT (CIT) fails.

Reuters:   The Lehman administrator would like to pay out assets.

Reuters:   A new report says that the government made US banks seemed safer that they were when they received TARP funds.

Reuters:   A US-lead groups wants to buy Volvo.

Reuters:   The IMF made little progress in giving more voting power to emerging nations.

WSJ:   September retail sales will predict holiday activity.

WSJ:   The Lehman administrator would like to pay out $16 billion instead of letting the court handle the process.

WSJ:   Corporations are starting to use bond sales to fund dividends and stock buybacks.

WSJ:   Brocade (BRCD) has put itself up for sale.

WSJ:   CIT’s (CIT) plan to reorganize itself falls short in terms of fixing the company’s lending business.

WSJ:   Tech outsourcing companies want to take over IT functions completely for some companies.

WSJ:   Wal-Mart (WMT) is scaling back its DVD display business.

WSJ:   Government problems and supply issues will slow administration of swine flu vaccine.

WSJ:   There may be no new Las Vegas casino for a decade.

WSJ:   Many lost jobs will never return.

WSJ:   Futures spreads are helping to keep oil higher.

WSJ:   Independent power producers may be hurt by the glut in natural gas.

WSJ:   Wal-Mart (WMT) is planning sales that will hurt rival’s at their bottom lines.

NYT:   The dream of a tablet PC is no longer far away.

NYT:   China is spending billions of dollars to compete with companies like News Corp (NWS) and Time Warner (TWX).

NYT:   A plan by Google (GOOG) to offer ads on high-end phones keeps hitting glitches.

NYT:   A study by the Pew Project for Excellence in Journalism says the press overlooked economic problems of ordinary people.

NYT:   Greenspan sees unemployment rising to 10%.

FT:   Greenspan says growth could pass 3% this quarter.

FT:   The head of HSBC (HBC) is concerned about a second economic downturn.

FT:   The IMF has been told to aid an orderly exit for stimulus packages.

Bloomberg:   Roubini say stocks and commodities have risen too fast too soon.

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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