Media Digest 12/7/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   The Treasury says the TARP loss will be $200 billion less than expected.

Reuters:   Cadbury (NYSE:CBY) will respond to the Kraft (NYSE:KFT) offer on the 14th of December.

Reuters:   Five AIG (NYSE:AIG) executives may quit over pay restrictions

Reuters:   The US and Japan will open the options for carriers to fly to Tokyo.

Reuters:   Dubai will not sell assets to support Dubai World.

Reuters:   Citigroup (NYSE:C) is seeking government approval to pay its loans.

Reuters:   GM hired Spencer Stuart for find a CEO.

Reuters:   Senior lawmakers are near a deal to regulate swaps.

Reuters:   Credit contraction in the US continues to grow.

Reuters:   Saks (NYSE:SKS) is facing frugal upper class shoppers.

Reuters:   The Organization of Economic Cooperation says public debt will hurt the recovery.

WSJ:   Businesses are upset by a rule regulating carbon dioxide emissions.

WSJ:   The bull market is showing signs of near-term slowing.

WSJ:   Big retailers are under more financial pressure because of federal laws that may prevent them from extending credit.

WSJ:   Toyota (NYSE:TM) faces a US safety probe.

WSJ:   Kuwait sold its $4.1 billion stake in Citigroup (NYSE:C).

WSJ:   Barnes & Noble (NASDAQ:BKS) delayed the release of its Nook e-readers in stores.

WSJ:   Ebay (NASDAQ:EBAY) and Craigslist will face off in court.

WSJ:   There is still a great deal of systemic risk in the credit system.

WSJ:   The Boeing (NYSE:BA) Dreamliner is close to its first test flight.

WSJ:   Intel (NASDAQ:INTC) killed plans for a graphics chip.

WSJ:   Clear Channel will seek to raise debt.

WSJ:   With yields falling US companies may be forced to look at more M&A.

WSJ:   Banks must increase debt to cover capital requirements.

NYT:   The loss on the TARP will be $42 billion out of $370 billion loaned, according to new forecasts.

NYT:   The NBCU deal puts the future of broadcast TV in doubt.

NYT:   Big sovereign wealth funds have made huge profits on bailing out financial firms.

FT:   Citigroup (NYSE:C) is in a race to repay TARP funds.

FT:   Obama hopes the TARP fund can be used for job creation.

FT:   Bloomberg is looking for more media acquisitions.

FT:   Silicon Valley is preparing for a comeback in IPOs.

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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