Media Digest 4/11/2007 Reuters WSJ NYTImes FT Barron’s

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters Shell will pay $353 million to settle an overbooking scandal involving its reserves.

Reuters writes that LG Philips results moved up more than expected in Q1.

The Walls Street Journal writes that DaimlerChrysler (DCX) will meet with bidders for the Chrysler unit but the meetings will not include Kirk Kerkorian.

The Walll Street Journal reports that Nasdaq (NDAQ) is in talks to buy the Philadelphia Stock Exchange which would give it a large foothold in the options business. 

The WSJ reports that earnings at Alcoa (AA) grew 8.9% on increased global demand for aluminum.

The WSJ also reports that Erbitux a drug from Bristol-Myers (BMY) and ImClone (IMCL) is not effective in treating pancreatic cancer.

The New York Times reports that Viacom (VIA) will use Yahoo! (YHOO) search and text ads across its internet properties.

FT reports that Sony (SNE) is in talks to use its PS3 in networks for corporate computing needs.

Barron’s reports that Wall St.’s opinion of Intel‘s (INTC) prospects as its rival AMD (AMD) faces financial and market problems.

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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