Media Digest (10/20/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   Apple (NASDAQ:AAPL) beat earnings forecasts.

Reuters:   The IRS is probing some homebuyers’ tax credit gains.

Reuters:   The US is ready to bring more insider trading cases.

Reuters:   More US companies are cutting bonuses.

Reuters:   Icahn offered to underwrite a $6 billion loan to CIT (NYSE:CIT).

Reuters:   Retailers like Saks (NYSE:SKS) Macy’s (NYSE:M), and Dillard’s (NYSE:DDS) cut inventories so much that they are scrambling to buy holiday goods.

Reuters:   An IBM (NYSE:IBM) executive was put on leave after insider trading charges were filed against him.

Reuters:   Bernanke called for action on global imbalances.

Reuters:   Texas Instruments (NYSE:TXN) posted good profits.

Reuters:   Boston Scientific (NYSE:BSX) cut its forecasts.

WSJ:   Galleon holders are selling their interests in the hedge fund.

WSJ:   Changes in government healthcare policies are causing mergers within the industry.

WSJ:   Cerberus is considering an IPO of gun maker Freedom Group.

WSJ:   Employers are holding off hiring even though they have higher profits.

WSJ:   Target (NYSE:TGT) is joining Wal-Mart (NYSE:WMT) in an online price war.

WSJ:   Barnes & Noble (NYSE:BKS) has introduced its own e-reader.

WSJ:   Large ad agencies urged regulators to approve a search deal between Yahoo! (NASDAQ:YHOO) and Microsoft (NASDAQ:MSFT).

WSJ:   The German government said financial aid would be available to any buyer that GM picks for Opel.

WSJ:   Sales of luxury goods are still soft.

WSJ:   Intel’s (NASDAQ:INTC) CEO did not know about an insider trading probe of one of his employees.

WSJ:   Sprint (NASDAQ:S) will buy iPCS for $426 million.

WSJ:   Caterpillar’s (NYSE:CAT) future is looking better.

WSJ:   Qatar’s sovereign fund is selling its stake in Barclays (NYSE:BCS) for a 750 million pound gain.

WSJ:   Moody’s (NYSE:MCO) analysts were warned to keep secrets after the Galleon probe was announced.

WSJ:   The EU’s hedging rules could hurt airlines and banks.

WSJ:   AIG (NYSE:AIG) provided another $2 billion to its aircraft leasing unit.

WSJ:   Investments in hedge funds were up in the third quarter.

WSJ:   China will set tariffs on Nylon.

WSJ:   Deals to increase China oil holdings are actually low.

WSJ:   Health care data company IMS Health may sell itself to private equity interests.

WSJ:   Luxury goods sales may not recover until 2012.

WSJ:   Third quarter earnings will show if there is increasing demand for goods and services.

WSJ:   The New York Times (NYSE:NYT) cut 100 editorial jobs.

NYT:   A thin line separates insider trading from research.

NYT:   Bernanke says Asia economies are raising world out of trouble.

NYT:   Former News Corp (NYSE:NWS) executives are advising Comcast (NASDAQ:CMCSA) as it looks at buying content properties

NYT:   The FDA turned down a new Amgen (NYSE:AMGN) bone drug.

NYT:   The Fed is preparing a plan to drain cash from banks if inflation begins.

FT:   Diesel stock piles could curb crude’s rally.

Bloomberg:   Federal officials told Bank of America (NYSE:BAC) that a deal to buy Merrill Lynch would help its shares.

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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