Media Digest 4/25/2007 Reuters, WSJ, NYTimes, FT, Reuters

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By Douglas A. McIntyre Published
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According to Reuters, three banks lead by Royal Bank of Scotland have topped Barclays (BCS) bid for ABN Amro (ABN).

Reurters writes that IBM (IBM) will start selling software from MySQL, a developer of open source databases used by companies including Yahoo! (YHOO), Google (GOOG) and YouTube.

Reuters reports that GM’s (GM) Onstar is going into a partnership with Time Warner (TWX) map location business, Mapquest.

Reuters also writes that Reuters (RTRSY) revenue rose 6.5% in the last quarter.

The Wall Street Journal reports that Apple’s (AAPL) former CFO says that Steve Jobs was aware of options backdating at the company and misled him about board action.

The Wall Street Journal also reports that Amazon’s (AMZN) net income rose sharply on lower costs and a 32% increase in revenue.

The Wall Streeet Journal also writes that Siemens (SI) board will vote on the renewal of its CEO’s contract as the company is in the midst of several scandals.

The Wall Street Journal also reports that Vonage (VG) received a cout ruling that will allow it to continue selling new VoIP subscriptions.

The WSJ reports that Honda (HMC) said in its quarterly report that sales rose in the US, Europe and Asia.

The WSJ reports that AMD (AMD) was able to tap the bond markets for $2 billion despite poor earnings.

The New York Times reports that sales of previously owned homes dropped sharply to 1989 levels.

The New York Times writes that Alcatel-Lucent (ALU) warned of more losses.

FT reports that a large number of shareholders in The New York Times Company (NYT) voted against re-election of directors to protest the company’s dual share structure.

Barron’s writes that revenue at Sun Microsystems (SUNW) rose only 3% raising questions about the company’s recovery.

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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