Media Digest 3/16/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters, Carlos Ghosn will give up his responsibilities for the US and will focus on overseas markets for Nissan and Renault. Nissan is doing poorly in its home market.

Reuters writes that lender Accredited Home (LEND) will sell $2.7 billion of its loans at a sharp discount.

Reuters writes that the IntercontinentalExchange Inc has made a $9.9 billion bid to buy buy futures market CBOT Holdings Inc.

Reuters writes that Imperial Tobacco has made a $15.2 billion bid for Gauloises and Fortuna cigarette maker Altadis.

The Wall Street Journal writes that Cisco (CSCO) will buy video-conferencing company Webex (WEBX) for $3.2 billion.

The Wall Street Journal writes that shares in IPO Big Band Networks (BBND) rose 31% in their first day of trading.

The FT writes that Cadbury has become a takeover target now that it is dividing its North America drinks and confectionery operations.

Barron’s reports that shares in coal stocks are oversold. "

Shares of some of the leading mining companies, including Peabody Energy and Consol Energy, have fallen along with coal prices. But the long-term picture remains strong."
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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