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Media Digest (10/16/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Google (NASDAQ:GOOG) and IBM (NYSE:IBM) posted strong results. Reuters:   Bank of America’s (NYSE:BAC) Lewis will skip 2009 pay. Reuters:   Japan Airlines says bankruptcy is an option to solving its problems. Reuters:   Soros says…

Douglas A. McIntyre · 17 years ago

24/7 Wall St. TV: Tough Earnings At IBM And Google

IBM (NYSE:IBM) and Google (NASDAQ:GOOG) each reported better-than-expected earnings. Wall St.’s reaction to the Google numbers was muted and its stock moved up 3% to $547. IBM raised its guidance for the year, but…

Douglas A. McIntyre · 17 years ago

Google (GOOG) Looks For Amazon’s (AMZN) Weakness

Too many companies want to compete with Amazon’s (NASDAQ:AMZN) relatively successful Kindle unit, although investors are concerned that the devices, priced at $249, will never have mass market appeal. Barnes & Noble (NYSE:BKS) is…

Douglas A. McIntyre · 17 years ago

Media Digest (10/15/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Goldman Sachs (NYSE:GS) is having trouble justifying its huge bonuses. Reuters:   Bruce Wasserstein, M&A giant and head of Lazard (NYSE:LAZ), died. Reuters:   Congress will probe compensation at AIG (NYSE:AIG). Reuters:   US foreclosures fell…

Douglas A. McIntyre · 17 years ago

The New York Times (NYT) Will Keep The Boston Globe

The newspaper industry must be looking up. Recently, Gannett (NYSE:GCI) said its last quarter was better than expected. Today, The New York Times Company (NYSE:NYT) said it would keep The Boston Globe which has…

Douglas A. McIntyre · 17 years ago

IBM Is The Key to DJIA 10,000 (JPM, INTC, IBM, DIA)

The Dow Jones Industrial Average is literally within 20 points of the psychological DJIA 10,000 mark.  We have not seen Dow-10K since October, 2008, but that month we saw 11,000 and saw under 8,000…

Douglas A. McIntyre · 17 years ago

Media Digest 10/14/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Aggressive trading in gold in China may be pushing the price of the metal up. Reuters:   Blackstone’s (NYSE:BX) CEO says the worst of the crisis is over. Reuters:   The House has begun to…

Douglas A. McIntyre · 17 years ago

Cuban’s Demand For Legal Fees May Have Spurred SEC Appeal

Last week the SEC announced that it intended to appeal the dismissal of insider trading charges against Mark Cuban. Cuban is accused of having sold his stake in Mamma.com after the company’s chief executive officer…

Douglas A. McIntyre · 17 years ago

Media Digest 10/13/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters: The healthcare plan is about to take a step forward in Congress. Reuters:   The debt swap at CIT (NYSE:CIT) is in trouble and could cause bankruptcy. Reuters:   Summers says Obama policies saved economy.

Douglas A. McIntyre · 17 years ago