Media Digest 1/20/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published
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Reuters:   Obama said he will not let companies who owe the US taxes to bid for government work.

Reuters:   Republican Scott Brown won the Senate race in Massachusetts putting the Obama healthcare proposal at risk.

Reuters:   The government made banks pay more than the face value for warrants which it received as part of the TARP funding.

Reuters:   China is putting a brake on bank lending.

Reuters:   Unemployment will be high in many cities through 2013.

Reuters:   The Fed defended its actions in the AIG (NYSE:AIG) rescue and said it welcomes an inquiry.

Reuters:   IBM (NYSE:IBM) raised guidance but investors remained concerned.

Reuters:   Schwab (NASDAQ:SCHW) and TD Ameritrade (NASDAQ:AMTD) posted low earnings and asked investors to be patient as interest rates rise and traders come back into the market.

WSJ:   AIG (NYSE:AIG) is close to selling one of its units to MetLife (NYSE:MET) for $14 billion to $15 billion, which would give the New York Fed $9 billion to pay back loans.

WSJ:   Google (NASDAQ:GOOG) delayed the launch of its handsets in China.

WSJ:   Toyota (NYSE:TM) is seeking lithium to supply its electric engines.

WSJ:   Chevron (NYSE:CVX) will cut refining jobs.

WSJ:   Baidu (NASDAQ:BIDU) faulted Register.com for some of the hacking of the Chinese company’s systems

WSJ:   Chinese homegrown movies are starting to win away consumers of Western films.

WSJ:   Homebuilders say they expect a building recovery this year.

WSJ:   Hershey (NYSE:HSY) has limited options to operate on its own.

WSJ:   Omega 3 fatty acids have been linked to longevity.

WSJ:   Banks are being forced to put more money into faltering real estate projects or shut them down.

NYT:   When children are awake, they are usually online.

NYT:   Sony (NYSE:SNE) delayed the launch of its motion controller until fall.

NYT:   The Senate is considering dropping the consumer protection agency.

NYT:   CEO Pandit is running out of time to clean up Citigroup (NYSE:C)

NYT:   The FHA will raise standard  for mortgage insurance.

NYT:   The IMF sees global growth above 3% this year.

NYT:   There is evidence that the cyber attack on Google (NASDAQ:GOOG) was based on technical data from China.

FT:   Some analysts say that the Fed made a “killing” on AIG (NYSE:AIG) CDO contracts.

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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