Stocks: (JNJ)(AMGN)(V)(TWX)(MSFT)(S)(MRK)(DELL)(GM)(T)According to Reuters, VW’s stock is up on speculation that Porsche could make a bid for the entire company. Porsche is already the largest shareholder.Reuters writes that Hertz IPO raised $1.32 billion.Reuters reports that Vivendi’s profits were lifted by its video game business.Reuters also writes that Time Warner ousted the CEO of AOL and replaced him with a high ranking executive from NBC Universal.According to the Wall Street Journal, US Airways offered Delta $8.67 billion for the airline which is still in Chapter 11.The Wall Street Journal writes that Dell has announced that the SEC has stepped up its investigation into the computer makers accounting practices which will cause a delay in quarterly filing from the company.The Wall Street Journal reports that GM will name a former AT&T financial official as its chief accounting officer after a series of financial restatements at the large car maker.The Wall Street Journal also writes that Merck has won another federal trial over the affects of its painkiller Vioxx.The Wall Street Journal also reports that Sprint will begin to offer local search on its phones. The system will be powered by Microsoft.The New York Times writes that high doses of anemia drugs from Johnson & Johnson and Amgen are linked to heart attacks. Sales of the two drugs total about $9 billion a year.Douglas A. McIntyre
Media Digest 11/16/2006 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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