Media Digest 8/28/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters, State Street (STT) faces $22 billion exposure to asset-backed commercial paper conduits, the off-balance sheet vehicles that have caused problems for rivals in recent weeks.

Reuters writes that social networks are drawing new investors as Classmates.com and Bebo.com consider IPOs.

The Wall Street Journal expects that Nasdaq (NDAQ) will have trouble selling its stake in the London Stock Exchange.

The Wall Street Journal writes that HP (HPQ) is coming out with new printers to offset the sharing of documents and photos over the internet.

The New York Times writes that Macau is passing Las Vegas as the work capital of gambling as companies like Wynn and MGM Mirage open casinos there.

The FT writes that credit card defaults are rising in the US.

Barron’s writes that Citi has dropped its rating on AMD (AMD).

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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