Media Digest 7/13/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters, Energizer (ENR) will buy Playtex (PYX) for just under $1.2 billion.

Reuters writes that GE (GE) plans to sell its WMC mortage unit.

Reuters reports that Boeing’s (BA) orders for the year still trail Airbus’s.

Reuters also reports that shares in Target (TGT) rose sharply after news that a corporate raider had taken a stake.

Reuters also writes that the head of Google (GOOG) said that Facebook will probably stay independent.

The Wall Street Journal writes that the CEO of Jones Apparel (JNY) stepped down as the company is looking at options in a tough clothing environment.

The Wall Street Journal also reports that the Financial Times (PSO) and CNBC (GE) are considering sharing editorial resources.

The Wall Street Journal reports that the CEO of Westwood One (WON) has left as the company is in the midst of negotiations with CBS (CBS) over a management contract.

The New York Times reports that Chinese cars are quietly entering the European market.

The FT writes that Google (GOOG) faces a lawsuit from an Australian goverment agency which says it does not distinquish enough between search results and text ads.

Barron’s writes that a Bank of America research upgrade sent Intel (INTC) shares up sharply.

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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