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Media Digest 7/6/2006 Reuters, WSJ, NYTimes, FT, Barron’s

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By Douglas A. McIntyre Published
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According to Reuters, Advanced Medical Optic (EYE) has made a $4.23 billion bid forBausch & Lomb (BOL).

Reuters writes that UBS has replaced its CEO after loses at it hedge fund.

The Wall Street Journal reports that Microsoft (MFST) will take a $1.1 billion charge for costs related to warranties for its Xbox.

The Wall Street Journal writes that Congress is passing a bill the would allow OPEC members to be sued under antitrust laws.

The Wall Street Journal also writes that hackers have figured out ways to get passed some of the restrictions AT&T (T) and Apple (AAPL) have put on the iPhone.

The Wall Street Journal writes that Motorola (MOT) will take a $101 million charge for laying off employees.

The New York Times writes that the new head of Siemens (SI) plans to overhaul the company and makes its actions more transparent.

The FT writes that the head of Nestle is worried that rising food prices, based to some extent on use of corn for biofuel and demand in China and India, could cut margins.

The FT also writes that Dell (DELL) is looking to retail store sales in Asia to help with it comeback.

Barron’s reports that Cablevision (CVC) could be worth twice what the Dolan family plans to pay for it.

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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