Today’s Best Market Rumors (11/12/2009) (VZ)(EBAY)(SBUX)

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By Douglas A. McIntyre Updated Published
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magazinUpdated throughout the day.

Ebay (NASDAQ:EBAY) PayPal profits will increase sharply in Q4. (TheStreet)

A former lead director at Bank of America (NYSE:BAC) is pushing for the firm to pick an insider as the new CEO  (TheDeal)

British Airways will merge with Iberia  (Bloomberg)

Starbucks (NASDAQ:SBUX) employees and customers are upset that the company has gone into the instant coffee business.  (BusinessWeek)

Verizon (NYSE:VZ) may be spending as much as $100 a phone to market the Motorola (NYSE:MOT) Droid  (Fortune)

Bain Capital has made a $1 billion bid for Japanese telemarketing company Bellsystems24. (NYTimes)

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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