Media Digest 12/15/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) will pay back TARP funds.

Reuters:   Kraft (NYSE:KFT) says it will be disciplined in its Cadbury (NYSE:CBY) buyout effort.

Reuters:   Some of AIG’s (NYSE:AIG) top staff are struggling financially.

Reuters:   Geithner said the US would make a profit on TARP.

Reuters:   Goldman Sachs (NYSE:GS) faces a lawsuit over bonuses.

Reuters:   Citigroup pay and bonus cuts will remain despite TARP repayment.

WSJ:   Exxon Mobil (NYSE:XOM) is making a big bet on natural gas by buying XTO Energy (NYSE:XTO).

WSJ:   Bankers told Obama that they would support some level of regulation.

WSJ:   Dubai’s plan to repay some of its debt may not repair its reputation.

WSJ:   Bank of America (NYSE:BAC) was not able to get the Bank of New York Mellon (NYSE:BK) to take its top job.

WSJ:   GE’s (NYSE:GE) Immelt will draw on the lessons he has learned running the company in an investor presentation.

WSJ:   New mortgage asset guidelines are being proposed.

WSJ:   Wal-Mart (NYSE:WMT) is using its logistics skills to compete with Amazon (NASDAQ:AMZN).

WSJ:   Google (NASDAQ:GOOG) and T-Mobile (NYSE:DT) are discussing a handset marketing partnership.

WSJ:   The EU will probably approve the bid by Oracle (NASDAQ:ORCL) to buy Sun (NYSE:JAVA).

WSJ:   ArcelorMittal will cut thousands of more jobs.

WSJ:   Apple (NASDAQ:AAPL) faces delays in iMac shipments.

WSJ:   Pfizer (NYSE:PFE) salesmen are using new PCs to pitch products and help them comply with regulations.

WSJ:   Toyota’s (NYSE:TM) into hybrids is going global.

NYT:   A new poll shows how badly unemployment has hit many families.

NYT:   GM’s new CEO is trying to change the firm’s bureaucratic culture.

NYT:   Obama pressed big banks to lend more.

NYT:   Abu Dhabi’s loan to Dubai will give it more control over its troubled neighbor.

NYT:   A new study says the impact of electic hybrids could be decades away.

FT:   China moved ahead of the US in the IPO market with $27.2 billion raised.

Bloomberg:   Dubai will need more help to pay bonds due in 2010 and 2011.

Bloomberg:   JP Morgan (NYSE:JPM), Bank of America, and Citigroup are leading a comeback in collateralized debt obligations

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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