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Investing

Market Open 12/26/2006

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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The day after Chritmas, the market opens anew.

Holiday retail sales were poor, rising only 5.5%. Stores must now hope that after-holiday sales drive better numbers.

Oil prices increased because of strained relationships with Iran. That and retail sales could make for a choppy day of trading.

Level 3 bought Savvis’s media delivery business for $135 million

Digital River said that the SEC wants information on how it granted stock options.

GlaxoSmithKline announced that the Food and Drug Administration has issued an approvable letter for its Altabax topical antibacterial to treat secondarily infected traumatic lesions, according to MarketWatch.com.

Honda reported worldwide sales rose 10.6% in November.

Software security experts say they have found major flaws in Microsoft’s new Vista operating system.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

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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