Media Digest 8/5/2008 Reuters, WSJ, NYTImes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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NewspaperAccording to Reuters, large Yahoo! (YHOO) holder Capital Research want to know whether vote counts from the company’s annula meeting were accurate.

Reuters writes that the Fed is seen as holding rates steady.

Reuters writes that after damaging their reputations, credit ratings agencies are seeking redemption.

Reuters reports that Alan Greenspan says there will be more bank failures.

Reuters writes that the CEO of Merrill Lynch (MER) told CNBC that the broker may have to raise more money.

The Wall Street Journal writes that Alcatel-Lucent (ALU) is looking for a new top management team.

The Wall Street Journal reports that defaults are hitting credit card bonds.

The Wall Street Journal writes that a battle has begun over Bristol-Myers (BMY) bid for Imclone (IMCL).

The Wall Street Journal reports that AT&T (T) will start a cloud computing business for its enterprise customers.

The Wall Street Journal writes that Dish Network (DISH) may be looking for a deal to get DirecTV (DTV)

The Wall Street Journal writes that Google’s (GOOG) YouTube will provide coverage of the Olympics.

The New York Times writes that the CEO of Freddie Mac (FRE) disregarded warnings about its practices as early as 2004.

The New York Times reports that China has begun to worry about a slowdown in its economy.

The New York Times reports that an Eli Lilly (LLY) drug Byetta, an injectable, that lowers blood sugar, may help people with diabetes to live longer.

The FT writes that oil prices are dropping on concerns about global economic growth.

Bloomberg writes that Societe Generale profits fell 63% on losses in its investment bank.

Bloomberg reports that Fannie Mae (FNM) and Freddie Mac losses may extend into 2009 as delinquencies rise.

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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