Media Digest 10/14/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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newspaperReuters:   Aggressive trading in gold in China may be pushing the price of the metal up.

Reuters:   Blackstone’s (NYSE:BX) CEO says the worst of the crisis is over.

Reuters:   The House has begun to create a financial regulation bill.

Reuters:   Intel (NASDAQ:INTC) beat Street estimates.

Reuters:   Crude oil hit new highs for 2009.

Reuters:   New investors are moving into the battered US housing market.

Reuters:   The US pay czar say that AIG (NYSE:AIG) should lower compensation meant to retain employees.

Reuters:   Pepsi (NYSE:PEP) and Anheuser-Busch Inbev (BB: BBI) will jointly buy some supplies.

WSJ:   Wall St. is on track to have record compensation for employees at its major firms–about $140 billion.

WSJ:   E-mails from a Bank of America (NYSE:BAC) director pointed out the actions by the government were making the firm hurt shareholders.

WSJ:   The Bank of Japan kept rates unchanged.

WSJ:   Bloomberg will buy BusinessWeek from McGraw-Hill (NYSE:MHP)

WSJ:   Cisco (NASDAQ:CSCO) will by Starent for $2.9 billion.

WSJ:   The Fed’s Kohn sees a tamed inflation risk.

WSJ:   The head of CIT (NYSE:CIT) will leave.

WSJ:   Samsung is trying to match the success of the Apple (NASDAQ:AAPL) iPhone.

WSJ:   The FCC is seeking broad open internet rules.

WSJ:   Amazon (NASDAQ:AMZN) is looking to Europe to sell more Kindles.

WSJ:   Natural gas futures were hurt when UNG said it may move some money out of the market

WSJ:   Intel’s earnings raised hope for PC companies Dell (NASDAQ:DELL) and HP (NYSE:HPQ).

WSJ:   Ford (NYSE:F) made a large recall of some of its older cars.

NYT:   Pay cuts are occurring more that at any other time since The Great Depression.

NYT:   China used the recession to increase its hold on global trade.

NYT:   Saudi officials reiterated a call for oil-producing countries to be compensated if rich nations reduce their consumption.

NYT:   RIM (NASDAQ:RIMM) is upgrading the Blackberry to give it broader appeal.

NYT:   The UAW and Ford reached a tentative agreement.

FT:   A decline in China’s trade showed sharply.

FT:   RBS may sell 300 branches.

FT:   Deep job cuts are giving US companies and edge in profits over EU firms.

Bloomberg:   Some Geithner advisors made million from fees paid by Goldman Sachs (NYSE:GS), Citigroup (NYSE:C), and Blackstone (NYSE:BX).

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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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