Stocks: (BKS)(LOW)(BUD)(TGT)(NWS)(MSFT)(GOOG)(C)(HD)(TWX)(GE)According to Reuters, Bershire Hathaway added shares in Nike and Lowe’s, but may have reduced positions in Anheuser Busch and Target.The Wall Street Journal reports that Boeing may win up to $10 billion in new plane orders in the coming weeks as airline replace older planes.Reuters writes that News Corporation believes that its operating profits will be up in double digits although advertising in it major markets will be flat. Fox, satellite holdings, and new media should drive the growth, the company said.Reuters reports that Microsoft believes that web based software will be the most important development affecting the company over the next decade. However, MSFT believes that server delivered software will operate with software already loaded on the PC. This contrast with Google’s model of delivering software strictly over the web.The Wall Street Journal reports that Citigroup now seems to be the lead bidder for a $3.1 billion investment in China’s Guangdong Development Bank.The WSJ also reports that seven major investment banks in Europe are working on a stock trading system that could take trading from the London Stock Exchange. The banks include Goldman Sachs, Merrill, and Citigroup.The Wall Street Journal writes that bankrupt car parts company Collins & Aikman will sell itself off to satify creditors.The Wall Street Journal also writes that Home Depot had a 3.1% earnings drop and cut forecasts due to a soft housing market.The New York Times reports that the president of the NBCUniversal television group is in talks to join Time Warner’s AOL unit. Randy Falco might take over as CEO at AOL.Douglas A. McIntyre
Media Digest 11/15/2006 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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