Media Digest 8/27/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Derivatives traders dipped into $4 trillion in client collateral. Reuters: Home sales and durable orders improved. Reuters: The US softened its stance on private equity deals to buy banks. Reuters: The “pay car” will probably approve the AIG (AIG)…
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Reuters: Home sales and durable orders improved.
Reuters: The US softened its stance on private equity deals to buy banks.
Reuters: The “pay car” will probably approve the AIG (AIG) CEO package.
Reuters: Germany says results and not speed are the key to the Opel deal.
Reuters: Apple (AAPL) is not expected to launch its tablet soon.
Reuters: The economy has left some workers stuck in bad jobs.
Reuters: Time Warner Cable (TWC) will test TV on the Internet.
Reuters: A Caspian Sea oil field is one of the biggest discoveries of recent years.
Reuters: The SEC may have a stronger hand after its Bank of America (BAC) debacle.
WSJ: Apple (AAPL) is preparing to launch the iPhone in China.
WSJ: Bondholders want an investigation of the Zell buyout of The Tribune Company.
WSJ: The biofuel industry is losing its traction.
WSJ: Massachusetts wants more information on releases of private analysts opinions by Goldman Sachs (GS).
WSJ: World trade volume moved up 2.5%.
WSJ: Credit Agricole’s profits jumped.
WSJ: China Telecom earnings were hurt by its move into the mobile market.
WSJ: Sirius XM (SIRI) has launched a product that works with Apple (AAPL) iPods and iPhones.
WSJ: Analysts will look for evidence of a revival of corporate spending when Dell (DELL) announces results.
WSJ: Sony (SNE) launched a rival to the Amazon (AMZN) Kindle.
WSJ: Borrowing in dollars has become cheaper that the yen.
WSJ: S&P cut the AAA rating of Mass Mutual.
WSJ: Starbucks (SBUX) faces challenges in an improving economy.
WSJ: Foreign car makers fear us policy will favor GM, Ford (F), and Chrysler.
WSJ: WPP says the improving economy is not translating into a return of large ad campaigns.
WSJ: Tivo (TIVO) filed patent suits against Verizon (VZ) and AT&T (T).
WSJ: Cnooc’s net fell 55%.
NYT: Toyota (TM) did the best in the “cash for clunkers” program.
NYT: Solar panels are dropping in price.
NYT: More than half a million option ARMs reset in the next four years, which could hurt housing.
NYT: Toyota (TM) will cut production at one of its large Japan plants.
NYT: Nissan and Chrysler will stop making cars for one another.
FT: The German government may support a restructured Opel with GM continuing as the owner.
FT: GE (GE) may sell its security division for $2 billion.
Douglas A. McIntyre
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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.