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Today’s Best Market Rumors (4/29/2010)

Updated throughout the day. Short covering may have driven Palm’s (NASDAQ: PALM) price up after the Hewlett-Packard (NYSE: HPQ) offer. (Barron’s) “Omers, the Canadian pension fund, is close to agreeing its first European buy-out since opening a London office six months ago, after…

By Douglas A. McIntyre
Published April 29, 2010, 9:06am ET · 1 min read

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Updated throughout the day.

Short covering may have driven Palm’s (NASDAQ: PALM) price up after the Hewlett-Packard (NYSE: HPQ) offer. (Barron’s)

“Omers, the Canadian pension fund, is close to agreeing its first European buy-out since opening a London office six months ago, after it emerged as the favourite to buy Inchcape Shipping Services, the port and shipping agent.” (FT)

“Goldman Sachs is in talks over a potential settlement with an investor that claims that it lost money and went out of business after buying into a $1bn (£660,000) mortgage-backed security.” (FT)

Goldman Sachs Group (NYSE: GS) may try to settle charges by the SEC (NYPost)

Douglas A. McIntyre

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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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