Stocks: (GOOG)(MRK)(MSFT)(NOVL)(BZH)(TOL)(BA)(FDX)According to Reuters, Democrats gained control of the House of Representatives and were on the verge of talking a majority in the Senate.Reuters reports that Big Oil will be a target of the new Democrat-controlled House. The new majority may roll back tax incentives to the industry.Reuters also writes that the CEO of Google has denied that the company has a legal reserve for potential copyright violation actions against YouTube.Reuters also reports that Google is preparing to make a move into the radio industry by purchasing as much as $1 billion in air time.The Wall Street Journal reports that Merck has four separate tsx disputes that total $5.58 billion.The Wall Street Journal also writes that Microsoft will spend $400 million on its new Linux collaboration with Novell.The Wall Street Journal also reports that Fedex has cancelled orders for 10 Airbus 380 jet liners because of delays in its production. The orders will go to Boeing instead.The New York Times writes that new technology is helping Big Oil companies find billions of barrels of oil in the Gulf of Mexico.The New York Times also reports that home builders Toll Brothers and Beazer both reported that the US housing market in in a deepening slump.The New York Times also writes that consumer borrowing is off sharply as borrowing for new cars falls.Douglas A. McIntyre
Media Digest 11/8/2006 Reuters, Wall Street Journal, New York Times
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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