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

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By Douglas A. McIntyre Published
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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

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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