News Digest 4/47/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters, Royal Bank of Scotland is stepping up its pressure on ABN Amro (ABN) to take its bid to buy the company.

Reuters writes that Microsoft (MSFT) surpassed Wall St. earnings expectations on strong sales of Vista.

Reuters writes that Ford’s (F) results beat estimates as it lowered costs and saw profit improvement in several regions.

Reuters also reports that KKR will acquire audio equipment company Harman (HAR).

The Wall Street Journal reports that ExxonMobil’s (XOM) rose 10%.

The WSJ reports that GM (GM) shut down activity at two plants after failing to reach agreements with the UAW.

The New York Times reports that News Corp’s (NWS) MySpace will open a unit in China.

FT reports that Citigroup (C) has closed its deal to buy Japanese bank Nikko Cordial for $13.4 billion.

Barron’s writes that staffing company Robert Half (RHI) has lost 20% of its value in the last year, but, as prospects improve, the stock may be cheap.

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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