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Media

Media Digest 12/18/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   Merger activity will grow slowly in 2010.

Reuters:   Bank of America’s new CEO said he would focus on execution.

Reuters:   Profits at RIM (NASDAQ:RIMM) topped forecasts.

Reuters:   Oracle (NASDAQ:ORCL) posed a surprise rise in sales.

Reuters:   Kraft (NYSE:KFT) lender Barclays (NYSE:BCS) suspended research coverage of Cadbury (NYSE:CBY)

Reuters:   Fedex’s (NYSE:FDX) forecast disappointed Wall St.

WSJ:   Regulators are fighting over control of the banking industry.

WSJ:   Infighting about TARP came to the surface as Citigroup (NYSE:C) and Bank of America (NYSE:BAC) left the program.

WSJ:   Palm (NASDAQ:PALM) posted a loss.

WSJ:   TV makers like Sony (NYSE:SNE) are gambling on 3D TV in the home.

WSJ:   News Corp (NYSE:NWS) is fighting Time Warner Cable (NYSE:TWC) to get fees for carrying channels like Fox.

WSJ:   Take-Two’s (NASDAQ:TTWO) loss widened and Icahn took and 11% stake.

WSJ:   The number of homes that had electricity shut off due to non-payment rose this year.

WSJ:   Intel (NASDAQ:INTC) will release new chips that will pressure AMD ((NYSE:AMD) and Nvidia (NASDAQ:NVDA).

WSJ:   China stores are avoiding sharp holiday discounts.

WSJ:   China said a link-up of the iron ore operations of Rio Tinto (NYSE:RTP) and BHP Billiton (NYSE:BHP) would threaten to raise steel prices.

WSJ:   GM is in better shape than the government expected.

WSJ:   OPEC will keep production steady.

WSJ:   Securities regulators are investigating private dissemination of Wall St. research.

WSJ:   Meredith Whitney cut earnings forecasts for Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS).

NYT:   Foreign investors trying to buy US industrial assets are facing blocks from the government.

NYT:   Mobile phones are becoming essential for holiday shopping.

NYT:   Google (NASDAQ:GOOG) may buy Yelp which reviews local businesses.

FT:   Activists are targeting CEO succession.

FT:   Ryainair cut off talks with Boeing (NYSE:BA) about buying 200 planes.

Bloomberg:   Pimco is increasing its cash holdings to highest level since Lehman collapse.

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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