Media Digest 6/23/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters, a new survey put Google (GOOG) first in reputation among US companies.

Reuters reports that gas prices climbed to a record $4.10.

Reuters writes that Bunge ((BG) will buy Corn Products ((CPO) for $4.4 billion.

Reuters writes that Citigroup (C) will cut 10% of its investment bank employees

Reuters writes that a study from Harvard says the housing rebound is far off.

Retuers writes that GE’s infrastructure unit plans to keep its forecasts, most due to growth in Asia.

The Wall Street Journal reports that there has been a surge in oil speculation since 2000.

The Wall Street Journal writes that the Saudis tried to calm fears of oil price by slightly raising production.

The Wall Street Journal reports that banks are struggling to get new capital.

The Wall Street Journal writes that plans for a Google mobile handset have slowed.

The Wall Street Journal reports that China and India have two of the world’s worst performing markets so far this year.

The New York Times writes that Nokia (NOK) is trying to make itself into a next generation entertainment company.

The New York Times reports that the fall-off in newspaper advertising is accelerating.

The FT writes that Goldman Sachs (GS) will cut investment banking staff this week.

According to the FT, Ambac (ABK) and MBIA (MBI) "are talking to banks about wiping out $125bn of insurance on risky debt securities."

The FT reports that Facebook has now claimed the lead over MySpace (NWS) in terms of unique visitors.

Bloomberg writes that high oil prices have undermined Barnanke’s cures for inflation.

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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