Media Digest 12/29/2009 Reuters, WSJ, NYTime, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Reuters:   GM is offering huge incentives to sell its inventory of Pontiacs and Saturns.

Reuters:   Morgan Stanley (NYSE:MS) will overhaul the pay of senior management.

Reuters:   The departing AIG (NYSE:AIG) general counsel will get millions in severance.

Reuters:   JAL shares fell on bankruptcy concerns.

WSJ:   The new head of Bank of America (NYSE:BAC) is faced with fixing the firm’s troubled credit card unit.

WSJ:   The Fed is proposing a method for taking back money it has loaned to banks.

WSJ:   AT&T (NYSE:T) curtailed Apple (NASDAQ:AAPL) iPhone sales in New York City, perhaps due to overload from traffic created by the handset.

WSJ:   Russia will curtail the use of speculative capital.

WSJ:   Several consumer groups oppose the deal for Google (NASDAQ:GOOG) to buy wireless ad company AdMob.

WSJ:   Snow removal bills are cutting into state budgets.

WSJ:   The competition to supply screens for e-readers is getting heated.

WSJ:   Audi will spend $10.5 billion on factory upgrades.

WSJ:   Expensive home prices have much further to fall.

WSJ:   China’s bank landing increases could cause investment bubble problems next year.

WSJ:   Amazon (NASDAQ:AMZN) is seen as the holiday retail winner.

NYT:   More non-profits are tracking the emissions records of big companies.

NYT:   More broadcasters are pushing for high fees for carrying their programming.

NYT:   The Fed wants to set up interest bearing deposits for banks to fight inflation.

NYT:   TMZ admits it was dupped by a photo of JFK with naked women.

FT:   Google is pitching YouTube as a place for premium content companies to place their content over creating websites of their own.

FT:   JPMorgan Chase (NYSE:JPM) may not locate its European headquarters in London after a British tax on banker bonuses.

Bloomberg:   Investors Barton Biggs and Mark Faber predict a dollar rally and rise in S&P

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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