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

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By Douglas A. McIntyre Updated Published
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Reuters:   GM says most of its cost cutting is done and its sales chief left.

Reuters:   Spot gold hit a record above $1,050.

Reuters:   The Senate healthcare bill weighs in at $829 billion.

Reuters:   Dell (NASDAQ:DELL) plans its first smartphone to be launched with AT&T (NYSE:T) using the Google (NASDAQ:GOOG) Android OS

Reuters:   Alcoa (NYSE:AA) had a surprise quarterly profit.

Reuters:   ECB will hold rates and cautioned on the recovery.

Reuters:   The Justice Department opened an IBM (NYSE:IBM) antitrust probe.

Reuters:   BlackRock (NYSE:BLK) is competing for a role in rating risk.

Reuters:   “Dark pools” of capital are outpacing regulation according to experts.

Reuters:   As bonds improve Wall St. is hiring some fixed income people back.

Reuters:   Starbucks (NASDAQ:SBUX) sued an executive who left for Dunkin’ Donuts.

WSJ:   Consumer credit outstanding dropped 12% in August, a trend that could hurt the recovery.

WSJ:   The UK is blocking to stop the TicketMaster (NASDAQ:TKTM) buyout of Live Nation (NYSE:LYV).

WSJ:   Retail vacancies hit 20-year highs.

WSJ:   The management at Citigroup (NYSE:C) got good reviews from an outside consulting firm.

WSJ:   The FCC is eying airwave growth for the cellular industry.

WSJ:   The EU says it can settle the Microsoft (NASDAQ:MSFT) antitrust case by year end.

WSJ:   Google (NASDAQ:GOOG) will submit an amended digital book pact.

WSJ:   Qualcomm (NASDAQ:QCOM) unveiled a pocket TV player.

WSJ:   HSBC (NYSE:HBC) is interested in buying certain RBC assets.

WSJ:   Regulators are worried that laws regulating over the counter derivatives are too lax.

WSJ:   Banks will probably report shrinking earnings and higher loan losses for last quarter.

WSJ:   An offering of $20 billion in 10-year Treasuries did well.

WSJ:   The new Skype (NASDAQ:EBAY) application for the Apple (NASDAQ:AAPL) could hurt AT&T (NYSE:T) wireless income.

WSJ:   Ford (NYSE:F) is stepping up its ad campaign.

NYT:   A large shareholder wants Bank of America (NYSE:BAC) to replace its CEO with an outsider.

FT; Obama is under pressure on the falling dollar.

Bloomberg:   Earnings estimates for Deutsche Bank (NYSE:DB) and Credit Suisse (NYSE:CS) were raised by Morgan Stanley (NYSE:MS).

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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