Media Digest 1/9/2008 Reuters, WSJ, NYTimes, FT, Barron’s

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters, Bear Stearns (BSC) replaced its CEO James Cayne who will remain chairman.

Reuters writes that the CEO of Best Buy (BBY) sees the retail climate getting tougher.

Reuters writes that shares in PC company Lenovo dropped on concerns that the US economy is slowing.

Retuers reports that Ford (F) says the US economy is  a concern for hitting its numbers.

Reuters reports that GM (GM) is working on partnerships to expand sales in India.

The Wall Street Journal reports that the head of AT&T (T) says the company is seeing softening of its consumer business.

The Wall Street Journal writes that Calpers has bought about 10% of buy-out firm Silver Lake.

The Wall Street Journal reports that leasing company AWAS is buying 100 Airbus planes.

The Wall Street Journal reports that HP (HPQ) plans to improve the energy efficiency of it PCs by 25% over the next two years.

The New York Times writes that Citigroup (C) is putting all of its mortgage operations into one division.

The New York Times reports that McGraw-Hill (MHP) will cut 3% of its staff.

The FT reports that TV will get a big spending boost from the election.

Barron’s reports that the head of the FCC said that cable was the most expensive and least open network in the US.

Bloomberg reports that Apple (AAPL) iTunes will allow people to rent film including those from Fox and Warner Brothers.

CNN Money writes that Intel (INTC) is betting on making chips for devices smaller than standard PCs

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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