Media Digest 12/21/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   The healthcare bill moved over key hurdles in the Senate.

Reuters:   Oil is above $73 on Iran-Iraq tensions.

Reuters:   Citadel filed for Chapter 11.

Reuters:   The head of AIG (NYSE:AIG) said his company would get aggressive about repaying the US government.

Reuters:   OPEC will keep prices of oil firm as they remain high.

WSJ:   The last decade was the worst for stocks since th 1820s.

WSJ:   GM is seeing renewed interest in Saab

WSJ:   Shell is seeking buyers for its assets in Nigeria.

WSJ:   Treasury dealers said yields will rise in the year ahead.

WSJ:   David Tepper’s hedge fund made $7 billion betting on the recovery.

WSJ:   Buyers turned out last weekend despite a heavy storm.

WSJ:   Store sales are down but e-commerce is having a great year.

WSJ:   Verizon Wireless (NYSE:VZ)(NYSE:VOD) set a new $350 fee to break cellphone contracts.

WSJ:   China Telecom will offer the RIM (NYSE:RIMM) Blackberry.

WSJ:   The economy will end the year more strongly than most economist had expected.

WSJ:   Barnes & Noble (NYSE:BKS) said that buyers who do not get Nook e-reader by Christmas will get a $100 gift certificate.

WSJ:   The new head of Morgan Stanley (NYSE:MS) is trying to cut the firm’s appetite for risk established under John Mack.

WSJ”  S&P estimates that corporate pensions lost $400 billion in the market drop.

NYT:   Companies are hiring many temp workers and may make some of those positions permanent.

NYT:   Pfizer (NYSE:PFE) bought a stem cell research program.

FT:   China sovereign fund CIC will receive $200 billion in new capital.

FT”   Asian demand for Japanese goods is recovering.

FT:   Oil demand next year will keep prices between $70 and $80.

FT:   Returns on high yield bonds soared.

Bloomberg:   Dubai may not be able to offer a standstill agreement on its $22 billion in debt causing more trouble for lenders.

Bloomberg:   Citigroup’s (NYSE:C) warrants may offer the government a low return.

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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