Media Digest (10/21/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   China is having trouble managing supply and demand.

Reuters:   Geithner said the core programs of the TARP are ending.

Reuters:   Yahoo! (NASDAQ:YHOO) tripled it profits.

Reuters:   Sun Microsystems (NASDAQ:JAVA) will cut 3,000 jobs due to delays in the Oracle (NASDAQ:ORCL) buyout of the company.

Reuters:   The SEC is looking for ways to make dark pools of money more transparent.

Reuters:   The Fed’s Yellen said there will be no tightening in the next several months.

Reuters:   Bank of America (NYSE:BAC) may have known of Merrill Lynch losses as early as November.

Reuters:   The special inspector general for the U.S. Treasury’s Troubled Asset Relief Program said the U.S. government’s $700 billion financial bailout program has increased moral hazard in the markets by infusing capital into banks that caused the financial crisis.

WSJ:   Businesses that sell to corporations say that their sales are looking up.

WSJ:   The head of the Bank of England said that breaking up the largest banks may be necessary to protect the financial system.

WSJ:   Deutsche Bank’s (NYSE:DB) profits were up.

WSJ:   Cadbury raised financial forecasts.

WSJ:   California sued State Street (NYSE:STT) over management of some of the state’s large pension funds.

WSJ:   Casino gambling receipts in Macau rose 23% in the third quarter to $3.8 billion.

WSJ:   Bonuses for UK bankers will be up 50%.

WSJ:   Apple (NASDAQ;AAPL) updated its iMac line.

WSJ:   Housing starts rose less than expected.

WSJ:   The owners of the New York Mets made money on Madoff.

WSJ:   Boeing (NYSE:BA) is still a risky investment.

WSJ:   More retailers including Target (NYSE:TGT) and Macy’s (NYSE:M) are offering free shipping for the holidays.

WSJ:   Disney (NYSE:DIS) is developing ways to replace DVDs with digital products.

WSJ:   MGM Mirage (NYSE:MGM) will take write downs on its huge Las Vegas project.

WSJ:   Some cable carriers may set up pay-as-you-go access to the internet.

NYT:   Volker believes that giant banks should be broken apart but few in the Administration agree.

NYT:   Rising debt is a threat to the economy in Japan.

NYT:   Credit Suisse (NYSE:CS) is cracking down on compensation.

NYT:   Only 20% of car buyers are sticking with their earlier brand.

FT:   The US is suffering set-backs in plans to regulate oil speculation.

FT:   US companies are producing an upbeat start to earnings season.

FT:   Barnes & Noble (NYSE:BKS) launched it e-reader.

FT:   Neil Barofsky, the special inspector general for the $700 billion government bailout fund, threatened to subpoena documents from the administration.

Bloomberg:   JPMorgan (NYSE:JPM) is leading Goldman Sachs (NYSE:GS) in advising on mergers for the first time since 2000.

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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