Media Digest 6/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters, a proposal from the SEC would cut the role of credit rating agencies.

Reuters writes that United (UAUA) will lay-off 950 pilots.

Reuters reports that GM (GM) will cut truck output and offer interest free financing on most models.

Reuters reports that UPS (UPS) cuts its earnings outlook on higher gas prices.

Reuters reports that Paulson has suggested oil producing nations up their output.

The Wall Street Journal reports that Google (GOOG) will offer a new product which measures web traffic to specific sites.

The Wall Street Journal writes that Rio Tinto (RTP) and BHP (BHP) won an 85% increase in the benchmark price for iron ore in China.

The Wall Street Journal writes that coal producers are having trouble meeting demand.

The Wall Street Journal writes that Huntsman (HUN) has sued Apollo over its withdrawal from a buy-out.

The Wall Street Journal writes that Nokia (NOK) will lift its stake in major phone software firm Symbian.

The Wall Street Journal writes that Ticketmaster will pay IAC (IACI) $750 million before it is spun-off.

The New York Times writes that NYSE Euronext (NYX) will by 25% of the Doha Securities Market i Qatar.

The New York Times writes that Google (GOOG) data will be used in a Florida trial to argue that explicit material doesn’t violate community values.

The New York Times writes that Google News has experienced a slowing of its traffic.

The New York Times writes that several hundred US companies got a total $265 billion for bringing captial overseas back into the US.

The New York Times writes that ad sales at cable channels are growing faster than those on broadcast TV.

The New York Times writes that the NYT.com website would merge with it sister site for the International Herald Tribune.

The FT writes that banks was more concessions in the BCE (BCE) buy-out.

Bloomberg writes that Toyota (TM) may cut its 2008 sales goals.

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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