Media Digest 10/7/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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newspaperReuters:   Wealth management firms are starting to target the not-so wealthy.

Reuters:   Gold’s record price drew a muted response.

Reuters:   Google (NASDAQ:GOOG), Microsoft (NASDAQ:MSFT), and Palm (NASDAQ:PALM) are heating up the smartphone software race.

Reuters:   US banks are slow to assume commercial property losses.

Reuters:   The SEC is investigating hospital giant HCA over fraudulent billing charges.

Reuters:   A slump in bank M&A could last many months.

Reuters:   Amazon (NASDAQ:AMZN) will start to sell the Kindle around the world.

Reuters:   Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) will start to help mortgage banks.

WSJ:   Hilton executives may face charges for stealing documents from rival Starwood (NYSE:HOT).

WSJ:   The Fed is worried the commercial real estate problems could mirror the problems of the mortgage bust.

WSJ:   Amazon (NYSE:AMZN) cut the price of the Kindle in the US by $40.

WSJ:   Office rents are diving.

WSJ:   Bank of America (NYSE:BAC) cut the list of candidates for its CEO job.

WSJ:   Boeing (NYSE:BA) took more losses on product delays and it likely to have rough quarters ahead.

WSJ:   AIG (NYSE:AIG) is looking at bids for its Taiwan unit.

WSJ:   Exxon Mobil (NYSE:XOM) bought a stake in a large Ghana oil field.

WSJ:   Qualcomm (NASDAQ:QCOM) is pushing deeper into the mobile TV business.

WSJ:   Jobless numbers will be key to Democrats getting re-elected in 2010.

WSJ:   Saudi Arabia is seeking to keep its role in the IMF.

WSJ:   Bank of America (NYSE:BAC) will freeze credit card interest rates.

WSJ:   The top executives at Sirius XM (NASDAQ:SIRI) will sell stock in the company when options vest.

WSJ:   Oil prices face a drop in winter heating demand.

WSJ:   AT&T (NYSE:T) will allow eBay’s (NASDAQ:EBAY) Skype and other VoIP applications on the Apple (NASDAQ:AAPL) iPhone.

WSJ:   Sales of luxury cars in China are helping the industry.

NYT:   The federal government may offer tax credits to companies that hire new workers.

NYT:   Government cutbacks in aid to asset-backed securities could hurt the credit markets.

NYT:   Authors and librarians are opposing Google’s (NASDAQ:GOOG) digital book plans.

NYT:   The ECB is balancing economic aid against inflation.

NYT:   Deplhi came out of Chapter 11 and sold some asset to GM.

NYT:   The FDIC will sell assets of Corus Bancshares.

FT:   Citigroup (NYSE:C) may sell off its commodities group which is run by Andrew Hall who made $100 million last year.

FT:   Santander Brazil raised $8 billion in IPO and is as big as Deutsche Bank (NYSE:DB) in market cap.

FT:   Coca-Cola (NYSE:KO) is working with doctors on obesity to avoid at tax on its drinks.

Bloomberg:   A major investor says cash reserves will push markets up well into 2010.

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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