Media Digest 8/23/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters, a group of California gas stations filed suit against Chevron (CVX), Saudi Aramco, and Royal Dutch Shell for price fixing.

Reuters writes that Canon (CAJ) is spending another $862 million on its share buy-back.

Reuters reports that Bank of American (BAC) has invested $2 billion in Countrywide Financial (CFC).

The Wall Street Journal writes that Facebook is working on an ad system that will target marketers messages based on information given by the website’s members.

The Wall Street Journal writes that Nokia (NOK) will preload Microsoft (MSFT) applications on phones in eleven countries in an attempt to get additional revenue from web services.

The New York Times reports that customers are troubled by the multi-page billes they get from AT&T (T) for their Apple (AAPL) iPhones

The FT writes that Samsung is about to overtake Motorola (MOT) as the No.2 handset company.

The FT reports that the private equity deal for Home Depot (HD) Supply may be in deep trouble.

Barron’s reports that JDSU beat forecasts.

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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