Media Digest 11/16/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters, the pace of capital spending in China rose quickly, making a rate increase likely.

Reuters writes that an investigation into the finances of Fannie Mae (FNM) is likely after Fortune magazine questioned the company’s accounting.

Reuters reports that Starbucks (SBUX) reported its first traffic drop.

Reuters also reports that Microsoft (MSFT) aims to be one of the top two companies in online advertising in the next three to five years.

Reuters writes that US sales of game console jumped sharply lead by the Nintendo Wii.

Reuters reports that sales of Sony’s (SNE) PS3 more than doubled in the US after the company cut the price of the product.

The Wall Street Journal writes that Google (GOOG) is prepared to buy wireless spectrum in the upcoming FCC auction. Bids could go above $4.6 billion.

The Wall Street Journal says that Gannett’s (GCI) USA Today will cut nearly 10% of its editorial staff.

The New York Times writes that online video is stealing viewer from TV.

The FT writes that China is worried that a US economic slowdown could hurt the Asian country’s growth rate.

The FT reports that Ford (F) will not close five US plants as part of a deal with the UAW.

Barron’s writes that BEA Systems (BEAS) earnings topped 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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