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247WallSt.com brings you the daily recap of the printed word from major publications: REUTERS: Bernanke said the Fed was ready to cut rates sharply in the face of a falling economy. November trade gap was greatest it has been since…

By Douglas A. McIntyre
Published January 11, 2008, 8:43am ET · 2 min read

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247WallSt.com brings you the daily recap of the printed word from major publications:

REUTERS:

  • Bernanke said the Fed was ready to cut rates sharply in the face of a falling economy.
  • November trade gap was greatest it has been since July.
  • UBS (UBS) has told shareholders it will need an emergency capital hike.

WALL STREET JOURNAL:

  • Countrywide (CFC) may be recused in a buy-out from Bank of America (BAC).
  • ConocoPhillips (COP) has emerged as the front-runner for a $10 billion project to develop Abu Dhabi’s Shah natural-gas field
  • The board of Delta (DAL) is considering a merger with Northwest (NWA) or United (UAUA).
  • The slowdown hit results at American Express (AXP).
  • Toyota (TM) is looking to India for future growth.
  • Microsoft (MSFT) has named a new head of its large business software unit.
  • Verizon (VZ) is seeing no slowdown in its business.

NEW YORK TIMES:

  • A huge oil field found off Brazil could turn the country into a major power in the world energy market.
  • Merrill Lynch (MER) could report a huge write-down of $15 billion.
  • New York Attorney General is opening an antitrust probe into Intel (INTC).

FINANCIAL TIMES:

  • Toyota (TM) Prius sales have passed Ford (F) Explorer sales in the US.

BARRON’S:

  • Yahoo! (YHOO) jumped on rumors of a bid from Microsoft (MSFT).

OR………….

  • REUTERS: Bernanke said the Fed was ready to cut rates sharply in the face of a falling economy.  November trade gap was greatest it has been since July.  UBS (UBS) has told shareholders it will need an emergency capital hike.
  • WALL STREET JOURNAL: Countrywide (CFC) may be recused in a buy-out from Bank of America (BAC).  ConocoPhillips (COP) has emerged as the front-runner for a $10 billion project to develop Abu Dhabi’s Shah natural-gas field.  The board of Delta (DAL) is considering a merger with Northwest (NWA) or United (UAUA).  The slowdown hit results at American Express (AXP).  Toyota (TM) is looking to India for future growth.  Microsoft (MSFT) has named a new head of its large business software unit.  Verizon (VZ) is seeing no slowdown in its business.
  • NEW YORK TIMES: A huge oil field found off Brazil could turn the country into a major power in the world energy market.  Merrill Lynch (MER) could report a huge write-down of $15 billion.  New York Attorney General is opening an antitrust probe into Intel (INTC).
  • FINANCIAL TIMES: Toyota (TM) Prius sales have passed Ford (F) Explorer sales in the US.
  • BARRON’S: Yahoo! (YHOO) jumped on rumors of a bid from Microsoft (MSFT).

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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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