Media Digest 12/1/2009 Reuters, WSJ, NY Times, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   A $25 billion debt plan for Dubai World helped calm markets.

Reuters:   GE (NASDAQ:GE) and Vivendi agreed to value NBCU at a price which gives the French company $5.8 billion for its 20% share.

Reuters:   The unemployed face higher healthcare premiums.

Reuters:   White House financial adviser Summers said unemployment will stay high.

Reuters:   November sales will shed more light on the holiday season.

Reuters:   The Treasury is pressuring mortgage companies to provide home loan relief.

Reuters:   Car company Geely will get $1.8 billion from Chinese banks to buy Volvo.

Reuters:   Black Friday sales disappointed investors.

Reuters:   The Treasury gave guidance that should speed “short sales” of homes.

WSJ:   As the stimulus money for highway construction drops the industry will layoff workers.

WSJ:   A federal judge is questioning an SEC deal to settle an insider trading of shares in Nova Chemicals.

WSJ:   “Cyber Monday” sales were helped by discounts.

WSJ:   GM directors will decide the fate of Saab at their upcoming meeting.

WSJ:   Nokia (NYSE:NOK) sued Asian LCD makers.

WSJ:   The CBO says the stimulus package sustained 600,000 to 1.6 million jobs in Q3.

WSJ:   DeBeers said shareholders will put $1 billion into the company.

WSJ:   US steel companies are shutting plants.

WSJ:   India’s growth is pressuring its central bank to raise rates.

WSJ:   Blockbuster (NYSE:BBI) plans kiosks to compete with Redbox.

WSJ:   Charter Communications came out of bankruptcy.

NYT:   Oil companies are making big investment in Iraq.

NYT:   Experts are trying to predict the next blow-up after Dubai.

NYT:   Sanford C. Bernstein said AIG’s (NYSE:AIG) P&C business has a $11.9 billion shortfall in reserves to pay claims.

NYT:   The Fed is beginning to test the effect of moving out of its securities support effort.

NYT:   Caterpillar (NYSE:CAT) bought a manufacturer in South Korea.

FT:   The CBO expects little savings on insurance premiums from the healthcare program.

FT:   US commercial real estate default rates hit 3.4% in the third quarter.

FT:   BP (NYSE:BP) faces a new probe over an Alaska pipeline spill.

FT:   Carlyle was sued by Kuwait over its management of funds.

FT:   US manufacturers said they need relief from environmental laws.

Bloomberg:   China manufacturing rose again last month.

Bloomberg:   GM may sell some assets of Saab to Beijing Auto and close the brand.

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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