Media Digest 6/27/2007 Reuters, WSJ, NYTimes, FT, Barron's

Investing

Published: June 27, 2007 3:12 am

According to Reuters, Bear Stearns (BCS) will put its CFO into a job overseeing its troubled hedge funds.

Reuters writes that the Swedish government will review the Nasdaq’s (NDAQ) purchase of Nordic bourses owner OMX.

Reuters writes that Citigroup (C) is "in advanced talks to buy Automated Trading Desk, an electronic trading firm, for about $700 million."

Reuters reports that Sprint (S) will launch an ad campaign pointing to the speed of its network compared to that of competing services.

Reuters writes that McDonald’s (MCD) efforts to move upscale in Europe are increasing sales.

The Wall Street Journal writes that Exxon (XOM) and Conoco (COP) are walking away from multi-billion investments in Venezuala as the government nationalized the oil industry.

The Wall Street Journal writes that new handsets from companies like Nokia (NOK) give customers access to Wi-Fi as well at cellular networks.

The Wall Street Journal writes that profits at Oracle (ORCL) rose 23%.

The Wall Street Journal reports that Amazon (AMZN) is "gaining fame as a place to buy digital storage and computing power."

The New York Times reports that News Corp (NWS) MySpace will launch MySpact TV to compete with Google (GOOG) You Tube.

The FT writes that Dow Jones (DJ) is close to a deal with News Corp to oversee the editorial independence of the WSJ if the company is sold.

Barron’s writes that Oracle (ORCL) says it plans to make more acquisitions.

Douglas A. McIntyre

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