What’s Important in the Financial World (5/24/2012) MSNBC.com, Toyota’s New Markets

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By Douglas A. McIntyre Published
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Toyota (NYSE: TM) announced it would move more aggressively into emerging markets. The Wall Street Journal reports that:

Toyota, Japan’s biggest car maker by volume, plans to sell more than 1 million subcompacts in more than 100 countries and regions, such as China, Southeast Asia, India and Brazil, by 2015.

Toyota does not have many other places to go for expansion. The European markets are nearly dead. China’s market has slowed considerably. Toyota’s sales have picked up a great deal in America, but the market has become progressively more competitive as U.S. car companies has been revived and large firms, including Volkswagen, BMW and Mercedes, have aggressively exploited the one region in which they have an ongoing chance for rising sales volume.

A New Web Browser

For some reason, Yahoo! (NASDAQ: YHOO) wants to be in the crowded web browser arena. Its new product is called Axis. It is meant to compete with Apple’s (NASDAQ: AAPL) iPhone, iPad and iPod Touch products. But Apple already has its own Safari browser. And the industry is controlled by Microsoft’s (NASDAQ: MSFT) Internet Explorer, Google’s (NASDAQ: GOOG) Chrome, and Firefox. It is a good guess that Yahoo! wants to use Axis to move further into mobile search, but it already has lost most of that market to Google. And there is no reason for the great majority of users to switch from their preferred browser when they move from computer to portable device.

Galaxy S3’s U.S. Launch

The wildly successful Samsung Galaxy S III will be available in the United States starting on June 1. But the first wave of handsets will not be sold by carriers. Amazon.com (NASDAQ: AMZN) will sell the new Galaxy without a wireless contract. Wireless companies underwrite the costs of smartphones because they get two-year subscriptions from customers. Amazon will sell the Galaxy S III for $800. The product will be “unlocked” so it can be used on a number of networks. There is some debate over whether its powerful processor is set to work on superfast 4G LTE networks, or if a less-powerful processor will be required to operate on those systems. The Samsung Galaxy is widely regarded as the primary competitor to the Apple iPhone 4S, so early sales in the U.S. will prove whether that perception is true.

MSNBC.com Buyout Talks

Comcast’s (NASDAQ: CMCSA) NBCUniversal operations is in talks with Microsoft to takeover the part of MSNBC.com that it does not already own. The rumor was reported in Adweek. Microsoft may not want to part with the stake. NBC could use it as a portal to increase traffic to its media sites. But Microsoft has its large MSN.com operation, which has a close relationship with MSNBC.com. As Microsoft works to drive traffic to its Bing search engine, MSNBC.com is strategically important.

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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