Media Digest 6/17/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Accoriding to MarketWatch, Belgian newspaper De Standaard reports that Warren Buffett support a takeover of Anheuser-Busch (BUD) by InBev.

According to Reuters, economists think the PPI will rise 1%.

Reuters writes that a key Yahoo! (YHOO) executive has left for a venture capital firm.

Reuters reports that Adobe (ADBE) posted disappointing earnings.

The Wall Street Journal writes that the Fed is likely to keep rates unchanged.

The Wall Street Journal reports that hedge funds are going though a major shake-out with smaller firms having hte most trouble.

The Wall Street Journal reports the flood in the Midwest could drive food prices higher.

The Wall Street Journal reports that Intel (INTC) will spin-off its solar panel unit.

The Wall Street Journal reports that Barclays (BCS) may seek more capital.

The Wall Street Journal writes that the new CEO of AIG (AIG) says the company still faces major earnings risks.

The Wall Street Journal reports that Disney (DIS) is adding to its list of teenage stars.

The Wall Street Journal writes that hurdles still remain to closing the Sirius (SIRI) merger with XM (XMSR).

The Wall Street Journal writes that newspaper chain McClatchy (MNI) cut 10% of its work force.

The Wall Street Journal reports that Google (GOOG) will try to get Yahoo! (YHOO) instant messaging service to work with its to expand the network of the products.

The New York Times writes that the head of Lehman (LEH) still remains confident about the firm’s future.

The New York Times reports that Honda (HMC) has launched a hydrogen powered car.

The New York Times writes that Bernanke feel healthcare costs may be among largest challenges to economy.

The FT writes that oil hit a new high near $140 a barrel.

According to Bloomberg, fixed income profits at Goldman Sachs (GS) and Morgan Stanley (MS) mask their reliance on commodities.

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.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618