Media Digest 10/5/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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newspaperReuters:   Toyota (NYSE:TM) returned to a profit.

Reuters:   The Fed will keep rates near zero for an extended period.

Reuters:   Cisco (NASDAQ:CSCO) beat forecasts.

Reuters:   Gold is near $1,100.

Reuters:   The Senate approved new jobless benefits and housing aid.

Reuters:   Chrysler offered its new turnaround plan.

Reuters:   Cable and film operations helped profits at Time Warner (NYSE:TWX) and News Corp (NYSE:NWS).

Reuters:   Google will seek revenue from online retailers.

Reuters:   Former Countrywide CEO Mozilo will face fraud charges.

WSJ:   A battle is shaping in the Senate over Dodd’s plan to have only one bank regulator.

WSJ:   The Senate may raise the taxes of multinationals but help the tax burden of big companies hurt by recession.

WSJ:   Wall St. incentive pay will be up 40%.

WSJ:   Private equity owned firms had their worst default rates in a decade.

WSJ:   Qualcomm’s (NASDAQ:QCOM) profits were hit by charges.

WSJ:   Verizon’s (NYSE:VZ) Droid phone could hurt RIM (NASDAQ:RIMM) Blackberry sales.

WSJ:   Microsoft (NASDAQ:MSFT) cut another 800 jobs.

WSJ:   Politicians are urging the government to go easy on small community banks which could cause trouble later.

WSJ:   The credit rally should help AIG’s (NYSE:AIG) rights.

WSJ:   NYS hit Intel (NASDAQ:INTC) will antitrust charges.

WSJ:   Merck (NYSE:MRK) is looking at buying biotech companies.

NYT:  Medical device companies may not see heavy regulation under new healthcare legislation.

NYT:   Chrysler’s cash balance is up since June.

NYT:   Germany is angry over GM’s decision to keep Opel.

NYT:   Moody’s says four of the ten largest private equity deals have defaulted.

NYT:   Google (NASDAQ:GOOG) and other companies are challenging an EU settlement with Microsoft (NASDAQ:MSFT) on its web browser.

NYT:   A quarter of all businesses are run by women.

NYT:   The World Bank raised its forecast for China’s economy.

FT:   Goldman Sachs (NYSE:GS) had only one daily trading loss in the third quarter.

FT:   Impulse buying has given way to frugality in the US.

FT:   News Corp (NYSE:NWS) said its $900 million deal with Google to supply ads for MySpace is at risk.

Bloomberg:   UBS (NASDAQ:UBS) gets poor ratings from analysts.

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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