Media Digest 11/23/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   The dollar may keep rising as investors close out bets on oil and the currency.

Reuters:   Black Friday deals may not signal a retail comeback.

Reuters:   Kraft (NYSE:KFT) is weighing a higher Cadbury bid as competition from Hershey (NYSE:HSY) and Nestle may emerge.

Reuters:   A group of economists raised their estimates for US growth next year.

Reuters:   Microsoft (NASDAQ:MSFT) and News Corp (NASDAQ:NWS) are working on a distribution deal that would take News Corp’s news sites off Google (NASDAQ:GOOG).

Reuters:   A Fed official said the mortgage-related asset purchase program should be extended.

Reuters:   Chieftain Capital may break into two firms.

Reuters:   JPMorgan (NYSE:JPM), Goldman Sachs (NYSE:GS), and Morgan Stanley (NYSE:MS) may outsource some back office operations to India which would bring hundreds of millions of dollars in sales to Wipro (NYSE:WIT), Infsys (NASDAQ:INFY) and Tata Consultancy. More US financial firms may move operations as they pay TARP funds.

Reuters:   Japan is leaning toward buying F-35 fighters from Lockheed Martin (NYSE:LMT).

WSJ:   Investors are backing away from risk as the year ends.

WSJ:   Italy’s Eni will buy oil stake in Uganda.

WSJ:   Reliance Industries made a $12 billion bid to take control of LyondellBasell

WSJ:   Nissan may produce its electric cars in China.

WSJ:   eBay’s (NASDAQ:EBAY) search feature was down on Saturday.

WSJ:   Existing home sales are up but that has not helped the US housing market much.

WSJ:   Banks are playing a dangerous game by using short term debt to fund loans.

WSJ:   Chrysler is offering 10% financing and $5,000 cash back on 2010 models.

WSJ:   Government payments on debt are based on interest rates that are likely to rise and by 2019 debt service could be $700 billion a year.

FT:   Microsoft and News Corp are talking about a web deal to counter Google News.

FT:   Coca-Cola (NYSE:KO) will work to triple sales in China within a decade.

Bloomberg:   The dollar may not bottom until next 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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