Media Digest 1/22/2007 Reuters, WSJ, NYTimes, Barron’s, FT

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters, Citigroup (C) will buy the ABN AMRO Mortagage Group which makes loans in the US.

Reuters writes that Philips Electronics (PHG.AS) beat estimates when its announced its most recent quarter.

Reuters writes that IBM (IBM) will renew its software rivalry with Microsoft (MSFT) by introducing products for social networking at businesses.

The Wall Street Journal writes that Sun (SUNW) and Intel (INTC) have been negotiating a deal for the largest chip manufacturer to sell the server company its products. Sun had used Intel rival AMD (AMD) exclusively.

The WSJ also writes that Toyota (TM) and Ford (F) have indicated that they may want to deepen ties but it would not be a link-up like the equity deals of the 1990s.

The WSJ writes that Kimberly-Clark (KMB) will start to market "Kleenex laced with a mild pesticide to fight cold and flu viruses" to ward off generic competition.

The Wall Street Journal also writes that the new CEO of Sanofi-Aventis (SNY) is prepared to speak more openly about experimental drugs in its pipeline.

The New York Times reports that some technology companies are increasing their support for open source operating system Linux. IBM (IBM), Intel (INTC), and Hewlett-Packard (HPQ) are supporting moves to make the software more mainstream in businesses.

The FT reports that independent record labels will start selling music on News Corp (NWS) social network site MySpace.

Barron’s reports that the buzz around WiMax is increasing with research firm Canaccord Adams naming WiMax company AirSpan (AIRN) as its "Best Idea".

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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