Media Digest 12/4/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Reuters:   Goldman Sachs (NYSE:GS) may make bonus payments in stock.

Reuters:   China is worried about sticking to dollar deposits.

Reuters:   A well-known economist says housing will continue to fall.

Reuters:   Bank of America (NYSE:BAC) sold more than $19 billion in stock.

WSJ:   Raj Rajaratnam of Galleon was investigated ten years ago.

WSJ:   Chavez may nationalize banks in Venezuela.

WSJ:   TARP cash may be put toward jobs programs.

WSJ:   General Motors and SAIC will move their auto joint venture beyond China into India.

WSJ:   Write-downs hurt Toll Brothers (NYSE:TOL).

WSJ:   Cisco (NASDAQ:CSCO) missed the milestone to get 90% of the shares in Tandberg to vote for its buyout.

WSJ:   Take-Two (NASDAQ:TTWO) issued a week forecast and shares fell.

WSJ:   Activity in the services sector fell in November.

WSJ:   The Comcast (NASDAQ:CMCSA) deal to take control of NBCU from GE (NYSE:GE) faces regulatory approval.

WSJ:   GE (NYSE:GE) will invest in its industrial arm.

WSJ:   Boeing (NYSE:BA) is asking airlines to consider replacing parts on its 777.

WSJ:   Retailers are likely to have to cut prices further.

WSJ:   Sony (NYSE:SNE) may have to cut costs more to counteract the effects of a week dollar.

WSJ:   Microsoft (NASDAQ:MSFT) is upgrading Bing maps to better compete with Google (NASDAQ:GOOG).

WSJ:   The head of the St. Louis Fed said a jobless recovery may be the norm for a long time.

WSJ:   China blamed Wall St. for derivatives losses at some of its state-owned companies.

WSJ:   Credit default swap prices on sovereign debt are rising.

NYT:   The issues of making money on web TV are at the core of the NBCU deal

NYT:   Citigroup (NYSE:C) is at several disadvantages because it has not repaid TARP funds.

NYT:   GM may give up some ownership in its China operations to cover losses in South Korea.

NYT:  Sony (NYSE:SNE) will create internet services to move premium content to its game and consumer electronics platforms.

NYT:   The AMR (NYSE:AMR) bid for aid to JAL may go as high at $1.8 billion.

FT:   S&P downgraded banks in the UAE.

Bloomberg:   Citigroup may need Treasury to sell its stake in the bank before its can repay TARP funds.

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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