Media Digest 1/9/2007 Reuters, WSJ, NYTimes, Barron’s, FT

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to The Wall Street Journal, GE  (GE) is taking bids for its plastics unit which it hopes to sell for $10 billion.

According to Reuters, Sprint (S) offered a mediocre outlook for 2007 and its shares dropped 8%.

According to Reuters, Microsoft (MSFT) may challenge Apple’s (AAPL) iPhone with a cell phone version of it Zune portable media player.

According to Reuters, Cisco (CSCO) will focus its M&A activity on small companies and not direct rivals.

The Wall Street Journal writes that Apple will announce its iPhone cellular device and it will work on the Cingular phone network controlled by AT&T (T).

According to the WSJ, Gap (GPS) is considering strategic alternatives including the sale of the company.

The WSJ writes that the head of procurement at Wal-Mart (WMT) has resigned amidst poor same-store sales at the large retailer.

The New York Times writes that Express Scripts (ESRX) is trying to stop a takeover of its rival Caremark Rx (CMX) by CVS (CVS).

The NYT writes that Yahoo! (YHOO) has released a mobile version of some of its services to try to take a lead in the wireless search and information markets.

FT writes that Japanes new lending law will force Citigroup (C) to take a charge of $370 million and close branchs.

Barron’s writes that insiders at Vornado Realty sold $184 million worth of stock in Q4.

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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