Media Digest 10/29/2009 Reuters, WSJ. NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

newspaperReuters:   House Democrats unveiled their healthcare bill.

Reuters:   Senators may extend home purchase credits until April.

Reuters:   China will launch a case against The Big Three auto companies.

Reuters:   Galleon paid Wall St. bankers millions to give data that would allow a trading “edge.”

Reuters:   The SEC is looking for ways to follow fast trading.

Reuters:   CIT (NYSE:CIT) was able to secure a $4.5 billion lending facility.

Reuters:   New home sales dropped last month.

Reuters:   Big US companies are lining up against the healthcare public option.

Reuters:   Accounting irregularities may be on the rise in the US.

Reuters:   US holiday spending could fall more than expected.

Reuters:   GM’s CEO said the money the government has given it is adequate.

Reuters:   McKinsey and Akamai (NASDAQ:AKAM) are opening investigations into Galleon trading.

WSJ:   Senators and Congressman are meddling in management decisions at GM and Bank of America (NYSE:BAC).

WSJ:   The FTC may get expanded powers.

WSJ:   AIG (NYSE:AIG) is getting billions of dollars from banks as credit-default-swap trades have reversed in its favor.

WSJ:   P&G (NYSE:PG) may kill some brands.

WSJ:   Motorola’s (NYSE:MOT) new phone will launch today.

WSJ:   Deutsche Bank’s (NYSE:DB) net rose.

WSJ:   Saks (NYSE:SKS) will test private sales for certain customers online.

WSJ:   Google (NASDAQ:GOOG) will limit call blocking in its voice application.

WSJ:   Some debt issuers find they do not need credit rating agencies.

WSJ:   Many economists believe that brisk GDP growth cannot last.

WSJ:   Greenhill will spin out its private equity operations.

WSJ:   GM will draw more funds, mostly to help Delphi.

WSJ:   Ford (NYSE:F) has tapped China’s Geely as the lead bidder for Volvo.

WSJ:   Costco (NASDAQ:COST) will allow customers to use food stamps.

WSJ:   US Airways (NYSE:LCC) will cut more routes.

NYT:   Nintendo will launch a larger screen DS for $222.

NYT:   Google’s (NASDAQ:GOOG) move into mobile GPS will be a challenge for many other companies.’

NYT:   GM is seeing an improvement in sales and market share.

NYT:   Europe approved the break up of Northern Rock.

FT:   China’s sovereign wealth fund warned of an asset price bubble.

FT:   401K funds are improving but still at the mercy of the market.

Bloomberg:   Buffett beat Gross in a global poll for which investor has the most wisdom.

Bloomberg:   The Fed is cutting purchases of paper that held down yields.

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.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618