Media Digest 3/8/2010 Reuters, WSJ. NYTimes, FT, Bloomberg
Reuters: Met Life (MET) is close to buying AIG’s (AIG) foreign insurance unit for $15.5 billion. Reuters: Subway will try to catch McDonald’s (MCD) in China by 2020. Reuters: Greece’s central bank chief said his nation would not need outside…
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Reuters: Subway will try to catch McDonald’s (MCD) in China by 2020.
Reuters: Greece’s central bank chief said his nation would not need outside aid.
Reuters: The head of the IMF said Greece’s debt problem would not spread.
Reuters: Senators are debating the issue of the oversight of the Fed.
Reuters: The FDIC is trying to get pension funds to invest in failed banks.
Reuters: Economists believe that the Fed will hike rates in six months.
Reuters: Kraft (KFT) is under investigation in the UK over its deal to buy Cadbury.
Reuters: Cablevision (CVC) got ABC (DIS) back online for the Oscar’s
Reuters: Bulls may run further from the market’s March 2009 lows.
WSJ: One of the great bull markets in history hit its one-year anniversary but many individual investors are missing.
WSJ: Royal Dutch Shell (RDS) and PetroChina (PTR) made a bid for Arrow Energy.
WSJ: Cisco (CSCO) will try to emerge from the recession stronger than when it went in.
WSJ: China Unicom (CHU) is working with Apple (AAPL) to market iPhones with WiFi capacity.
WSJ: Last year, the number of coupons redeemed rose 27% to 3.3 billion.
WSJ: A federal law will kill a 10-year period when Social Security payments were not made on defaulted debt.
WSJ: China says the ball is in the US court to improve relationships.
WSJ: The Treasury may have to offer higher yields for its paper.
WSJ: GM will try to sell Cadillacs in Europe.
NYT: Obama will offer a plan to give home sellers $1,500 to sell houses at a loss and incentives for banks.
NYT: Ebay (EBAY) is developing ways to sell green products.
NYT: Microsoft’s (MSFT) requirement to open its browser offerings in Europe is helping smaller firms.
FT: Some Senators want bank oversight to stay at the Fed.
FT: China may kill the relationship between the yuan and US dollar.
FT: The Euro zone is considering its own IMF-style fund.
FT: Toyota (TM) will fight claims that electronics problems caused accelerator issues.
Bloomberg: The President of France said he was willing to aid Greece.
Bloomberg: Dubai World has asked banks to allow it to delay payment by six months.
Douglas A. McIntyre
Contact [email protected] for any questions or corrections.
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.