Media Digest 12/22/2009 Greece Debt Downgraded By Moody’s: Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Updated Published

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MarketWatch:   Moody’s (NYSE:MCO) downgraded Greece’s debt to A2 from A1 and said it had a negative outlook on the nation’s sovereign paper.

Reuters:   The FBI is probing a cyber attack on Citigroup (NYSE:C).

Reuters:   China is asking the WTO to rule on US duties on tires.

Reuters:   The US mortgage industry will have trouble with new disclosure rules.

Reuters:   A Chinese mining company backed out of a deal to buy a part of a US mining company when the US government objected.

Reuters:   Banks with political ties got bailouts according to a new study.

Reuters:   The US pay czar will allow incentives for some AIG (NYSE:AIG) executives.

Reuters:   GM named Microsoft’s (NASDAQ:MSFT) CFO as head of finance at the big car company.

WSJ:   A breach of Citi security by hackers, perhaps from Russia, caused the theft of millions of dollars.

WSJ:   Apple (NASDAQ:AAPL) may offer online TV subscriptions. Disney (NYSE:DIS) and CBS (NYSE:CBS) are in talks with Apple.

WSJ:   Stores are hoping last-minute shopping will make up for the weekend on which weather hurt sales.

WSJ:   Yahoo! (NASDAQ:YHOO) will shut down for a week to save money.

WSJ:   Redefault rates are hurting programs to help people with mortgage problems.

WSJ:   E*Trade (NASDAQ:EFTC) appointed a new CEO.

WSJ:   Altera named a new CFO from Sun Microsystems.

WSJ:   Alcoa (NYSE:AA) has joined a huge Saudi metals project.

WSJ:   Xerox (NYSE:XRX) and Hewlett-Packard (NYSE:HPQ) are making money on corporate printing outsourcing.

WSJ:   GM will start to run assembly lines around the clock.

WSJ:   Honda (NYSE:HMC) will expand in China.

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

WSJ:   R&D spending in the US is rebounding.

WSJ:   Dubai World started talks to restructure debt.

WSJ:   OPEC will probably keep oil prices steady.

NYT:   A business is growing to manage better returns from search ads on Google (NASDAQ:GOOG).

NYT:   The founder of Galleon pled not guilty to fraud charges.

FT:   Collapsed Lehman paid out bonuses.

FT:   China is moving to improve capital ratios at banks.

FT:   Bankers fear what many happen to some sovereign debt in 2010.

Bloomberg:   Sands China may have revenue of $5 billion.

Douglas A. McIntyre

Contact [email protected] for any questions or corrections.

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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