Media Digest 12/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Reuters:   The GM board pushed out CEO Henderson.

Reuters:   Bernanke will defend the Fed’s record and his before Congress.

Reuters:   China will let foreigners set up limited partnerships.

Reuters:   Manufacturing is growing again but the recovery is fragile.

Reuters:   The Fed’s Plosser said the agency must be ready to raise rates again.

Reuters:   The COO of McDonald’s (NYSE:MCD) will retire.

Reuters:   Credit cards offers are improving for very select customers.

WSJ:   The SEC is picking up the pace of insider trading probes.

WSJ:   Barrick Gold is cutting programs to hedge against falling gold prices.

WSJ:   Two candidates for the CEO job at Bank of America (NYSE:BAC) said the bank should be broken up.

WSJ:   Northrup Grumman (NYSE:NOC) may not bid on a huge Air Force tanker project.

WSJ:   The FCC wants to reallocate more spectrum to wireless carriers.

WSJ:   The Fed has renewed worries about housing and credit bubbles.

WSJ:   The FHA is trying to find ways to increase reserves.

WSJ:   Ford’s Fiesta is in the process of becoming a global car.

WSJ:   A new Airbus transport is making progress toward manufacturing.

WSJ:   A meeting at the FTC caused more debate about charging for online news.

WSJ:   Google (NASDAQ:GOOG) will let some publishers limit the number of articles that appear on the search engine.

WSJ:   AIG (NYSE:AIG) cut a deal to lower its debt.

NYT:   Retailers appear to have done better in November than they did last year.

NYT:   Pfizer (NYSE:PFE) is moving aggressively into the business of treating rare diseases.

NYT:   The New York Fed took ownership piece of two AIG insurance companies.

NYT:   The EPA will raise to 15% the amount of ethanol that can be in fuel blends.

NYT:   Pending home sales were higher based on access to credit for buyers.

FT:   The UN halted funding for Chinese wind farms.

FT:   Gold moved above $1,200.

FT:   GE (NYSE:GE) will not make cash payments to Vivendi for its NBCU stake until next year.

FT:   Fears are growing over overheated debt markets.

FT:   Murdoch of News Corp (NYSE:NWS) attacked news aggregators again.

FT:   Bernanke faces a tough Congressional hearing.

Bloomberg:   Europe’s biggest banks are getting bigger raising concerns about the effects of another credit crisis.

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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