Media Digest 12/30/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   GMAC will get $3.5 billion in additional fund from the government.

Reuters:   Oil rose near $80 on low supply and the economic recovery.

Reuters:   Share in JAL dropped over 20% on bankruptcy concerns.

Reuters:   Target (NYSE:TGT) was the victim of a hacker who stole credit card numbers.

Reuters:   The Chicago PMI is out today.

WSJ:   Now that bank stocks are rallying, the FDIC wants equity in firms that got assets from failed banks.

WSJ:   Home prices moved up, but the outlook is cloudy.

WSJ:   States and cities are still spending money and tax credits to get new businesses to move to their areas.

WSJ:   Shell is increasing it biofuels spending.

WSJ:   The ITC will rule on US complaints that China is dumping steel.

WSJ:   Nokia (NYSE:NOK) filed IP charges against Apple (NASDAQ:AAPL) with the ITC.

WSJ:   State and local taxes dropped 7% in the third quarter.

WSJ:   J&J (NYSE:JNJ) widened its recall of Tylenol products.

WSJ:   Microsoft’s (NASDAQ:MSFT) role in the mobile market is quickly disappearing.

WSJ:  A medical journal questioned how the FDA approved certain heart devices.

WSJ:   “Smartbooks”, a new type of small laptop, will start to compete with smartphones.

WSJ:   WiMax firms are widening their focus to build chips for the emerging Long Term Evolution standard which will compete with WiMax-based carriers.

WSJ:   Consensus earnings estimates for 2010 are high, a challenge to the rise of US stock markets.

NYT:   Many homeowners find that banks have little incentive to renegotiate mortgages.

NYT:   Employee fraud using gift cards is increasing.

NYT:   Market in Brazil, Russia, China, and India are racing ahead of most expectations.

NYT:   Music downloads funded by advertising are taking on new life.

NYT:   Japan introduced a long-term plan to help its economy.

FT:   Russia will curb inflows of speculative cash.

FT:   Broadcom (NASDAQ:BRCM) settled stock back-dating claims for $160 million.

FT:   Rising indebtedness is hurting America’s image as a financial leader.

FT:   Emerging market funds are growing rapidly.

Bloomberg:   Morgan Stanley (NYSE:MS) says an M&A rebound may be years away.

Bloomberg:   The worst US investment funds for the last decade never recovered from the technology stock free fall.

Bloomberg:   Treasuries are set for their worst year since 1978 on high funding needs and an early economic recovery.

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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