Media Digest 6/1/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters, the family that controls Dow Jones (DJ) has agreed to talkd with News Corp (NWS) about a possible takeover.

Reuters writes that Dell’s (DELL) earnings were stronger than expected and the the company will cut 10% of its workforce.

The Wall Street Journal reports that the head of Coca-Cola (KO) is trying to jump-start sales by "retooling" some of the company’s bottlers.

The WSJ writes that Mercury Interactive paid $28 million to settle SEC options back-dating problems.

The WSJ reports that Google (GOOG) plans to build software applications for cell phones and also to offer a platform for products from other software developers. The company is essentially building its own operating system for handsets.

The WSJ reports that Hovnanian (HOV) posted a loss as its sales fell  The company blamed the housing slump.

The New York Times writes that GE (GE) is developing projects in India so that its sales can keep pace with the country’s growth.

The FT writes that the Intercontinental Exchange signalled that it might make a hostile bid for the CBOT.

Barron’s writes that Credit Suisse thinks that prospects at Alcatel-Lucent (ALU) are improving.

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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