Media Digest 10/26/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   Corporate directors are on the hot seat over management pay.

Reuters:   The US healthcare system wastes up to $800 billion a year.

Reuters:   Capmark Financial filed for bankrupcy.

Reuters:   The land dealer advisor resigned from Calpers.

Reuters:   Legg Mason (NYSE:LM) will elect Nelson Peltz to its board.

Reuters:   HealthSouth will fund the expenses of dissident nominees to its board.

Reuters:   Deloitte said global revenue at its member firms was down 4.9%.

Reuters:   Barron’s says investors should swap Yahoo! (NASDAQ:YHOO) shares for Google (NASDAQ:GOOG).

Reuters:   Oil fell below $80 on economic recovery concerns.

WSJ:   Gold and stocks are recovering at the same time, which does not usually happen.

WSJ:   Netflix (NASDAQ:NFLX) will offer movies on the Sony (NYSE:SNE) PlayStation.

WSJ:   Ford (NYSE:F) is gaining market share and may have become profitable in Q3.

WSJ:   US household debt is shrinking which may help the recovery.

WSJ:   Two Chinese fund companies will begin to buy securities off-shore.

WSJ:   Asian chip makers are experiencing a turnaround.

WSJ:   The fall of the Chinese yuan is worrying other nations in Asia.

WSJ:   Global shipping may be a reliable standard for measuring the recovery.

WSJ:   Treasury sales will increase this week but it seems that the demand is present.

WSJ:   With oil prices rising, Dubai is considering raising $6.5 billion in debt.

WSJ:   Kraft (NYSE:KFT) needs Cadbury to help its bottom line.

NYT:   The Obama Administration is trying to figure out what to do with financial firms that are too big to fail.

NYT:    “Twitter is “smart enough, or lucky enough” to let its users create new features for it, says an M.I.T. professor.”

NYT:   Hollywood is struggling to replace the DVD.

NYT:   Advertiser are dropping newspaper sites for more targeted media.

NYT:   Big cellphone makers are shifting to Google (NYSE:GOOG) Android.

NYT:   Michael Eisner’s Vuguru will launch with Canadian backing.

NYT:   The EU warned of antitrust concerns about a tie-up of American (NYSE:AMR), British Airways, and Iberia.

FT:  Beijing will allow overseas investment after a 17 month pause.

FT:   House Democrats would like to wind down the largest financial firms.

Bloomberg;  Pay of the top executives at Bank of America (NYSE:BAC) and Citigroup (NYSE:C) averaged $18 million last year.

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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