Media Digest 12/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Reuters:   Dubai said the market’s perceptions of its problems is “softening.”

Reuters:   Citigroup (NYSE:C) could sell $20 billion in shares soon.

Reuters:   Hershey (NYSE:HSY) is near a decision on Cadbury (NYSE:CBY).

Reuters:   GM named a new head of Chevrolet.

WSJ:   A large number of Americans are renting homes instead of owning them.

WSJ:   More firms in the US and UK are putting limits on executive pay.

WSJ:   Apple (NASDAQ:AAPL) is changing the way iTunes works to extend its reach on the internet.

WSJ:   Some hedge funds made large sums betting against the sovereign debt of weak countries.

WSJ:   Credit Suisse (NYSE:CS) named a new chairman.

WSJ:   VW bought a stake in Suzuki.

WSJ:   Oracle (NASDAQ:ORCL) will defend its deal to buy Sun Microsystems(NASDAQ:JAVA) in meetings with the EU.

WSJ:   AT&T (NASDAQ:T) is facing problems with the large amounts of data being sent over its 3G network.

WSJ:   IBM (NASDAQ:IBM) is adding to its cloud computing capacity.

WSJ:   AOL (NYSE:AOL) becomes a public company today.

WSJ:   Wholesale sales increased as did inventories.

WSJ:   Neiman Marcus is working on plans to sell less expensive clothes.

WSJ:   Large oil companies are aggressively seeking to drill in Iraq.

WSJ:   Medtronic (NYSE:MDT) received a subpoena over one of its heart devices.

WSJ:   NCR (NYSE:NCR) and Blockbuster (NYSE:BBI) will increase kioks in a challenge to Redbox.

WSJ:   China is trying to balance more economic stimulus with too much liquidity in markets.

WSJ:   Pfizer/Wyeth and Merck/Schering-Plough (PFE)(MRK) merger deals are being probed for insider trading.

WSJ:   The IPO market in Hong Kong is starting to falter.

NYT:   AIG (NYSE:AIG) is returning to success selling annuities but it is doing so though operations that do not use its name.

NYT:   Chinese consumers are buying goods aggressively as the stimulus package there helps the middle class.

NYT:   CIT exited Chapter 11.

NYT:   Ford (NYSE:F) may use stock to pay its obligation to a retiree fund.

NYT:   The CEO of GE (NYSE:GE) attacked executive greed.

Bloomberg:   A new poll shows Americans want the government to spend on jobs and send the tax bill to the rich.

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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