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Media

Media Digest 3/9/2007 Reuters, WSJ, NYTimes, FT, Barron’s

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By Douglas A. McIntyre Published
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According to Reuters, two large Nikko Cordial shareholders are now opposed to the bid from Citigroup (C) to take over the Japanese brokerage.

Reuters writes that New Century Financial (NEW) has stopped taking new loan applications.

Reuters writes that losses at Airbus cut profits at its parent EADS by 86% to $526 million. It said that free cash flow this year would be negative.

Reuters writes that CVS (CVS) has upped its bid for Caremark (CMX) to $23.9 billion in an attempt to top a rival bid from Express Scripts (ESRX).

The Wall Street Journal writes that Yahoo! (YHOO) and AT&T (T) are renegotiating the 2001 deal that jointly sold internet access. The move could cost Yahoo! $200 million a year.

The Wall Street Journal writes that Vonage (VG) lost a patent lawsuit to Verizon (VZ) and will have to pay $58 million plus future licensing fees.

The New York Times says that Palm (PALM) has hired a top software designer to work on features that will rival Apple’s (AAPL) new iPhone.

FT writes that Boeing’s (BA) $15 billion contract with the Air Force to build helicopters is unlikely to reopended to competition despite concerns of "the main US spending watchdog".

Barron’s writes that shares in Countrywide may be attractive after its fall due to problems in the sub-prime lending market. The company is in better financial shape than many traders realize.

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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Media Digest 6/27/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, M&A activity is down sharply. Reuters writes that Anheuser-Busch (BUD) turned down an offer from InBeve. Reuters…
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Media Digest 1/9/2007 Reuters, WSJ, NYTimes, Barron’s, FT

According to The Wall Street Journal, GE  (GE) is taking bids for its plastics unit which it hopes to sell…
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Media Digest 1/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Bank of America will get a huge financial aid package from the government. Reuters reports that Congress…
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Media Digest 6/29/2007 Reuters, WSJ, NYTimes, FT, Barron’s

According to Reuters, the Apple (AAPL) iPhone will hit stores today giving the mobile industry a jolt. Reuters writes that…
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Media Digest 3/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, a price battle among goods makers is beginning. Reuters reports that payments to AIG (AIG) employees is…
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Media Digest 9/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Warren Buffett invested $5 billion in Goldman Sachs (GS). Reuters says that the Paulson bailout plan is…
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Media Digest 6/10/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Lehman (LEH) may have to merge due to its financial problems. Reuters writes that Apple (AAPL) introduced…
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Media Digest 10/17/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, policy makers around the world are trying to deal with the fact that the economy is moving…
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Media Digest 9/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Citigroup (C) is considering buying Washington Mutual (WM). Reuters reports that US markets rallied on word of…

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