Media Digest 8/6/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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NewspaperAccording to Reuters, a new tally of votes for the Yahoo! (YHOO) board election shows a high percentage of protest votes.

Reuters reports that the Fed held rates steady and indicated it would not raise rates soon.

Bloomberg writes that Morgan Stanley (MS) has frozen some of its customers’ home equity loans.

Reuters reports that high commodities prices are pressuring margains at restaraunts.

Reuters writes that Fannie Mae (FNM) is raising its fees against ot help offset losses.

Reuters reports that Starbuckss (SBUX) has begun to offer an afternoon beverage discount.

The Wall Street Journal reports that Citigroup (C) is in talks to settle auction-rate securities charges.

The Wall Street Journal reports that Sony (SNE) bought out all of its music partnership with Bertelsmann.

The Wall Street Journal reports that Whole Foods (WFMI) missed earnings estimates.

The Wall Street Journal reports that Cablevision (CVC) may spin off some of its businesses.

The Wall Street Journal reports that Barclays (BCS) will update investors on its write-offs.

The Wall Street Journal reports that Toyota (TM) will take a write-down for US car leases.

The New York Times reports that home energy prices are expected to jomp sharply.

The New York Times reports that Google (GOOG) will release a new set of tools to track the popularity of certain search terms

The New York Times reports that Morgan Stanley (MS) will advise the US on the asset values of Freddie Mac (FRE) and Fannie Mae (FNM).

The FT reports that ADM (ADM) is in talks to tap ethanol reserves in Brazil.

Bloomberg reports that BNP Paribas earnings fell on increasd bad debt provisions

Douglas A. McInryre

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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