Media Digest 11/24/2009 Reuters, WSJ, NYTime, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   Hewlett-Packard’s (NYSE:HPQ) profit was up 14% and the company will triple its share buyback.

Reuters:   Banks have been asked to give their TARP repayment plans to the government.

Reuters:   Rich people are likely to shop early this year.

Reuters:   The US pitched the F-35 fighter to Israel.

Reuters:   Home sales hit a 2 1/2 year high.

Reuters:   Hedge funds may get $11 billion frozen at Lehman.

Reuters:   Businesses are still cautious on borrowing.

Reuters:   Murdoch’s News Corp (NYSE:NWS) may face trouble if he blocks Google (NASDAQ:GOOG) News.

Reuters:   A falling Chicago Fed index is a bad sign for the economy.

WSJ:   One in four US homeowners is underwater.

WSJ:   HSBC (NYSE:HBC) is telling individual investors to move their gold out of its New York vault to make room for institutional clients.

WSJ:   Some government factions are urging pay czar Ken Feinberg to ease up on AIG (NYSE:AIG) pay restrictions.

WSJ:   Early numbers show electronics sales may be good this holiday but apparel sales will not be.

WSJ:   Fitch cut the rating of Mexico’s debt.

WSJ:   The Organization for Economic Cooperation and Development said rich nations are moving out of a recession but that stimulus spending was still necessary.

WSJ:   The EU will coordinate will coordinate national spending deal with GM’s Opel.

WSJ:   Banks have trillions of dollars in debt due over the next few years.

WSJ:   Google (NASDAQ:GOOG) bought display ad start-up Teracent.

WSJ:   China is slowing bank lending activity.

WSJ:   Hershey’s (NYSE:HSY) bid for Cadbury could hurt the company financially.

WSJ:   Upscale auto companies are doing well in China.

WSJ:   Playboy (NYSE:PLA) will outsource much of its magazine’s  business operation.

WSJ:   Amazon (NASDAQ:AMZN) and Wal-Mart (NYSE:WMT), offering big discounts, are fighting over the future of retailing.

NYT:   Many analysts believe that customers are saving money to spend the day after Thanksgiving.

NYT:   A public database could be used to help monitor drug safety.

FT:   The IMF chief said an early exit from stimulus packages could cripple the recovery.

FT:   The EU dropped its antitrust probe of Qualcomm (NASDAQ:QCOM).

FT:   S&P raised issues over the health of many banks that will have to raise more money.

FT:   China’s rules on derivatives are hurting banks.

Bloomberg:   China’s five largest banks gave regulators plans for them to raise capital.

Bloomberg:   The Fed ask stress tested bank to set schedules for pay back TARP.

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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