Media Digest 6/9/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters, Lehman (LEH) is close to rasing $5 billion.

Reuters writes that one Goldman analyst see oil at $150 this summer.

Reuters reports that HP (HPQ) has settled its patenet litigation with Acer.

The Wall Street Journal writes that several large investors are asking AIG’s (AIG) board to improve senior management.

The Wall Street Journal reports that the price of gas hit $4.

The Wall Street Journal writes that LandSource filed for bankruptcy.

The Wall Street Journal writes that bond markets are showing concern about inflation and slowing growth.

The Wall Street Journal writes that Wal-Mart (WMT) is cutting deals which highlight its growing influence on music sales.

The Wall Street Journal writes that WiMax patent holders are creating a pool of their IP interests.

The Wall Street Journal writes that banks may have trouble raising capital for a second time as their share prices have fallen.

The New York Times writes that the rural US is being his especially hard by the gas price crisis.

The New York Times writes that The Tribune Company is further cutting costs by shrinking the amount of news its runs in its papers.

The New York Times writes that RBS (RBS) got a 95% take-up on its rights issue to raise over $23 billion.

The FT writes that the head of the New York Fed suggested a global framework of unified regulations.

The FT reports that the US mortgage crisis is shifting to regional lenders.

The FT writes that soaring shipping costs are fueling inflation

The  FT reports that Brazil plans a $200 billion soveign fund.

Bloomberg reports that the price of US corn rose to a record.

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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