Media Digest (10/16/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   Google (NASDAQ:GOOG) and IBM (NYSE:IBM) posted strong results.

Reuters:   Bank of America’s (NYSE:BAC) Lewis will skip 2009 pay.

Reuters:   Japan Airlines says bankruptcy is an option to solving its problems.

Reuters:   Soros says US economy will drag on world growth.

Reuters:   A Congressional committee approved rules for over-the-counter derivatives.

Reuters:   Wasserstein’s death will result in a $186 million payment for restricted stock.

Reuters:   Goldman Sachs (NYSE:GS) will devote a smaller part of revenue to compensation to help quiet critics.

Reuters:   The Fed’s Fisher said rates would stay low and inflation is not a risk.

WSJ:   Wal-Mart (NYSE:WMT) will push Amazon’s (NASDAQ:AMZN) book initiative by offering $10 online deals.

WSJ:   The US is resisting a merger between Live Nation (NYSE:LYV) and TicketMaster (NASDAQ:TKTM)

WSJ:   The loss widened at Sony Ericsson (NYSE:SNE) (NASDAQ:ERIC)

WSJ:   Construction may rebound in 2010.

WSJ:   The Consumer Product Safety Commission will ask China to pay for some of the repairs to home using drywall made in the country.

WSJ:   AMD (NYSE:AMD) posted a small-than-expected loss and Nokia (NYSE:NOK) results were hit by write-offs.

WSJ:   China will probably not support sanctions on Iran.

WSJ:   AIG (NYSE:AIG) will post a loss on the sale of its Taiwan unit.

WSJ:   Profits at Schwab (NASDAQ:SCHW) fell.

WSJ:   Profit margin that measures interest income on a bank’s assets was bad at Citigroup (NYSE:C).

WSJ:   Gap (NYSE:GPS) will open a store in China.

NYT:   Airlines are increasing fares for holiday travel.

NYT:   Some analysts do not see the improvement in earnings at IBM and Google as a sign of a tech turnaround.

NYT:   Federal jobs programs are missing many states that need them most.

NYT:   Ad revenue at McClatchy (NYSE:MNI) declined.

FT:   The Treasury stopped short of saying China manipulates its currency

Bloomberg:   LBOs are making a comeback cutting financing costs for Blackstone (NYSE:BX).

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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