Today’s Best Market Rumors (10/21/2009) (TWX)(AAPL)(BKS)
Updated throughout the day. Updated at 1.11 PM EST: Bank of America (NYSE:BAC) will sell First Republic for $1 billion. (The Deal) Updated 1.05 PM EST: Google (NASDAQ:GOOG) may be teaming up with record labels to launch a music service …
Updated at 1.11 PM EST: Bank of America (NYSE:BAC) will sell First Republic for $1 billion. (The Deal)
Updated 1.05 PM EST: Google (NASDAQ:GOOG) may be teaming up with record labels to launch a music service (Reuters)
Updated 1.00 PM EST: Credit Suisse says Orbitz (NYSE:OWW) may be a takeover target (Barron’s)
Bank of America (NYSE:BAC) knew about Merrill Lynch losses as early as November. (Bloomberg)
The new Barnes & Noble (NYSE:BKS) e-reader will run the Google (NASDAQ:GOOG) Android OS (Ars Technica).
Apple (NASDAQ:AAPL) will soon release Mac OS X 10.6.2 (MacRumors)
Congressional officials want to talk to three banking officials in Massachusetts before continuing to pursue their investigation of the Bank of America (NYSE:BAC) buy-out of Merrill Lynch (The Boston Globe)
Small online financial sites may soon be more valuable than Fortune Magazine (NYSE:TWX) (The Deal)
The housing market may have bottomed (CNBC)
Douglas A. McIntyre
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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.