News Digest 10/22/2007 Reuters, WSJ, NYTimes, FT, Barron’s

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By Douglas A. McIntyre Published
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According to Reuters, Halliburton (HAL) increased its third quarter profit by 19%.

Reuters writes that Wal-Mart (WMT) will buy the part of its Japanese operations that it does not own for $350 million.

The Wall Street Journal writes that KKR and Goldman Sachs will cancel their takeover of Harman (HAR), but make an investment in the company to avoid a lawsuit.

The Wall Street Journal also writes that Sandisk (SNDK) will begin o sell a small storage device so consumers can move video from PC to TV.

The Wall Street Journal reports that AT&T (T) will sell wireless access to Napster’s collection of five million songs. The service will not work with Apple’s (AAPL) iPhone

The Wall Street Journal writes that an ITC judge ruled that Nokia’s (NOK) patent complaint against Qualcomm (QCOM) should he dropped.

The New York Times writes that the FTC has decided not to open a formal antitrust inquiry into Intel’s (INTC) practices.

The New York Times writes that libraries are rejecting offers from Microsoft (MSFT) and Google (GOOG) to move their libraries online.

The New York Times writes that Apple’s (AAPL) Mac sales are surging and the company plans several years of software upgrades to feed the increase.

The NYT says that a new poll indicates Americans are still willing to buy Chinese products.

The FT writes that a number of financiers want transparency into the securities that a new super-fund may be buying so that they do not get artificial pricing.

CNNMoney writes that the UAW deal with Chrysler is in trouble.

Bloomberg writes that sales outside the US allowed GM (GM) to sell more cars worldwide than Toyota (TM) in the first nine months of the year.

Douglas A. McIntrye

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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