Media Digest 11/9/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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newspaperReuters:   Hurricane Ida is heading toward Gulf oil fields.

Reuters:   Kraft (NYSE:KFT) will make its bid for Cadbury.

Reuters:   GE (NYSE:GE) and Comcast (NASDAQ:CMCSA) have agreed to an NBCU valuation.

Reuters:   The IMF is considering an insurance levy on banks.

Reuters:   Opel unions want autonomy as a condition for talks.

Reuters:   Advanta filed for bankruptcy protection.

Reuters:   Morgan Stanley (NYSE:MS) will try to sell its stake in China bank CICC.

Reuters:   Sprint (NYSE:S) will invest more in Clearwire (NASDAQ:CLWR).

Reuters:   China said it hopes the US will keep its deficit at an “appropriate” size.

Reuters:   The head of Goldman Sachs (NYSE:GS) said banks do “God’s work.”

WSJ:   Companies that sell to consumers say that the customers will be frugal for a long time.

WSJ:   G20 officials disagreed on a tax on bank transactions.

WSJ:   NBCU will be valued at $30 billion.

WSJ:   AXA AsiaPacific rejected at $10 billion bid from AMP.

WSJ:   Northrup Grumman (NYSE:NOC) will sell its TASC unit for $1.7 billion.

WSJ:   A healthcare bill would cause wide oversight of insurance companies.

WSJ:   Dollar General is about to go public.

WSJ:   Microsoft (NASDAQ:MSFT) Windows 7 sales are off to a strong start.

WSJ:   S&P has begun considering offering potential loss numbers from some residential bonds.

WSJ:   Public company stock listings have dropped sharply in recent years.

WSJ:   Las Vegas Sands (NYSE:LVS) hopes to raise $3.83 billion in the IPO of its Asia unit.

WSJ:   Some of the largest banks do not provide adequate data about investment banks and securities operations.

WSJ:   Wal-Mart (NYSE:WMT) risks little in its e-book and DVD prices wars because online sales are only 1% of revenue

WSJ:   The Supreme Court will decide when a business when a business method can be patented

WSJ:   Lear is set to exit Chapter 11 as a smaller car parts firm

NYT:  Rent the Runway wants to do for fashion what NetFlix (NASDAQ:NFLX) did for movies.

NYT:   Circulation at The New York Post, owned by News Corp (NYSE:NWS) is down about 30% in a little over two years.

NYT:   Wal-Mart (NYSE:WMT) is working on a program to help people who run out of money at the end of a month.

NYT:   The strength of the US economy is overstated because of the way imports are accounted for in measures of gross domestic product and worker productivity.

NYT:   The number of Twitter tweets a day rose to 26 million a day in October from 2.4 million in January.

FT:   The markets’ inflation readings are moving up.

FT:  Long-dated oil prices have risen to within a whisker of $100 a barrel.

FT:   News Corp is paying $1 million a month for empty MySpace offices

FT: Robot hamster toys are popular for Christmas.

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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