Media Digest (10/15/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   Goldman Sachs (NYSE:GS) is having trouble justifying its huge bonuses.

Reuters:   Bruce Wasserstein, M&A giant and head of Lazard (NYSE:LAZ), died.

Reuters:   Congress will probe compensation at AIG (NYSE:AIG).

Reuters:   US foreclosures fell for a second month but stayed high.

Reuters:   The Fed discussed rasing its asset purchases at the last FOMC.

Reuters:   Roche’s results were helped by Tamiflu sales.

Reuters:   JPMorga (NYSE:JPM) had a $3.6 billion profit setting a high bar for rivals.

Reuters:   RIM (NASDAQ:RIMM) launched a touchscreen version of the Blackberry.

WSJ: “Calpers said a former board member had reaped $50 million in fees for arranging investments that could saddle state taxpayers with hundreds of millions of dollars in losses.”

WSJ:   AT&T (NYSE:T) slammed Google (NASDAQ:GOOG) over call blocking by its Voice application

WSJ:   Sumner Redstone will cut his stakes in CBS (NYSE:CBS) and Viacom (NYSE:VIA).

WSJ:   Overseas Chinese Banking Corp bought certain assets of ING.

WSJ:   BHP Billiton (NYSE:BHP) and Rio Tinto (NYSE:RTP) dropped a plan to co-market some of their products.

WSJ:   Sour mortgages could hurt GE (NYSE:GE) earnings.

WSJ:   Microsoft (NASDAQ:MSFT) is opening its first retail stores.

WSJ:   Wal-Mart (NYSE:WMT) is expanding its wireless programs.

WSJ:   Google’s (NASDAQ:GOOG) results are likely to show that the recession is passing.

WSJ:   China’s foreign currency reserves hit $2.273 billion.

WSJ:   Obama is proposing at $250 payment to 57 million seniors, veterans and people with disabilities next year.

WSJ:   Congress is concerned about the usefulness of first time homebuyer credits.

WSJ:   Options traders are favoring IBM’s (NYSE:IBM) earnings prospects.

WSJ:   China faces a big retrenchment of its factories as exports remain slow.

WSJ:   GM predicted big growth in China.

WSJ:   Oracle (NASDAQ:ORCL) is targeting IBM with some of its new products.

WSJ:   Skype’s founders are trying to get an injunction against a sale of the company by eBay (NASDAQ:EBAY)

WSJ:   The Wall Street Journal (NYSE:NWS) is likely to pass USA Today (NYSE:GCI) in paid circulation.

NYT:   Electronic markets are threatening The New York Stock Exchange (NYSE:NYX).

NYT:   Treasury officials want more banks to pay back bailout money.

NYT:   A suit filed against the SEC claims it did not detect the Madoff scheme.

NYT:   Thomson Reuters (NYSE:TRI) will buy Breakingviews.

NYT:   The head of EADS said the aircraft industry will do better than expected.

NYT:   Crédit Agricole will repay bailout money.

NYT:   About 7,300 people gave offshore tax data to the IRS.

FT:   The dollar was hit on signs from the Fed that rates will stay low.

FT:   Geithner aides made million on Wall St.

Bloomberg:   Xstrada dropped its $49 billion bid for Anglo American.

Bloomberg:   Consumer prices will probably show that inflation is not a risk.

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Douglas A. McIntyre

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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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