Media Digest 11/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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newspaperReuters:   Investors in the banking sector were disturbed by the CIT (NYSE:CIT) bankruptcy.

Reuters:   Summers will lead a high level meeting on the economy.

Reuters:   US companies are holding more cash.

Reuters:   The Fed is likely to keep interest rates flat due to economic uncertainty.

Reuters:   Comcast (NASDAQ:CMCSA) is close to gaining control of NBC Universal from GE (NYSE:GE).

Reuters:   Bank of American (NYSE:BAC) is trying to get the head of BNY Mellon (NYSE:BK) to take CEO job.

Reuters:   Goldman Sachs (NYSE:GS) is close to buying Fannie Mae (NYSE:FNM) tax credits.

Reuters:   Wal-Mart (NYSE:WMT) announced a second round of toy cost cuts.

Reuters:   October retail sales could be a disappointment.

WSJ:   The US and GMAC are fighting about capital levels at the lending company.

WSJ:   The head of BNY Mellon told Bank of America that he is not interested in the CEO job.

WSJ:   Danbury Resources (NYSE:DNR) will buy Encore Acquisition  (NYSE:EAC) for $3.25 billion .

WSJ:   The Apple (NASDAQ:AAPL) iPhone got a luke warm reception in China.

WSJ:   Editorial content at The Detroit Free Press is being influenced by advertisers.

WSJ:   EBay (NASDAQ:EBAY) will begin an ad campaign.

WSJ:   Companies hold more assets in cash that at any time in four decades.

WSJ:   The Fed is looking at raising interest rates.

WSJ:   More college presidents are earning over $1 million a year.

WSJ:   The Institute for Supply Management numbers for last month should be up a bit.

WSJ:   Blackstone (NYSE:BX) will broaden its business in China.

WSJ:   Investors in banks should look at loss buffers.

WSJ:   Ford (NYSE:F) may change the locations of where it builds some cars after losing a UAW vote.

NYT:   Human Genome Sciences (NASDAQ:HGSI) has a promising lupus drug.

FT:   The US Senate will introduce a draft financial bill.

FT:   Wal-Mart (NYSE:WMT) is looking at urban expansion in the US.

FT:   Pfizer (NYSE:PFE) says it back US health reform.

Bloomberg:   Citigroup (NYSE:C) and JP Morgan (NYSE:JPM) are hoarding cash as if another crisis is coming which will hurt returns.

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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