The Market Opens, Jobs Is Set Free

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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The big news before the open of the market is that Apple’s board has complete confidence in Steve Jobs. The fact that he seemed to know about some miss-timed options grants notwithstanding. He will not be taken away in handcuffs with a raincoat over he head.Apple’s stock should run like a scalded dog at the open. It is up 4% in the pre-market.

Additionally, AT&T is making concessions to the FCC to try to get its BellSouth acquisitions approved. Standalone DSL and some pledge to not charge companies like Google for significant use of AT&T pipes seem to be the big peace offerings.

Exxon is going to court to try to get a decision to recind its leases in the North Slope’s Point Thomson oil and gas field overturned.

Marsh & McClennan is selling its Putnam mutual fund company to a firm in Canada.

Oil seems to be fairly steady, so driving over the holidays should be affordable.

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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