Media Digest 2/9/2008 Reuters, WSJ, NYTimes, FT, Barron’s

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuers, Exxon (XOM) won a court order freezing $12 billion of its assets in Venezuela.

Reuters writes that Congress has passed an economic stimulus package and sent it to Bush.

Reuters writes that Wal-Mart (WMT) is willing to pay more for "green" goods that hurt the environment less than some of its current products.

The Wall Street Journal writes that inflation concerns are increasing at the Fed.

The Wall Street Journal writes that credit card delinquencies are risings and consumers may be sharply cutting spending.

The Wall Street Journal writes that the Justice Department is looking into Merrill Lynch (MER) mortgage-backed securities activities.

The Wall Street Journal writes that China may invest in the US-based Flowers Fund.

The Wall Street Journal writes that Alcatel-Lucent (ALU) posted a loss and cut its dividend.

The Wall Street Journal writes that cash flow is falling sharply at Sears (SHLD).

The Wall Steet Journal writes that biofuels may hurt the environment more than help it.

The Wall Street Jounal writes that the Justice Department is looking into a plan by Universal Music to team with its rivals to compete with Apple (AAPL) iTunes.

The FT wrtes that both Infineon and Cisco (CSCO) issued weak forecasts for tech spending.

Barron’s writes that shares of Aruba Networks (ARUN) fell 23% after hours on a weak forecast.

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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