News Digest 6/5/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Published
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According to Reuters, nuclear energy is beginning to make a comeback

Reuters reports that Vodafone (VOD) said Verizon Wireless is in talks to buy Alltel.

Reuters writes that Corporate Express will open its books to potential buyer Staples (SPLS).

Reuters writes that Bernanke said US inflation is too high.

The Wall Street Journal writes that a clash between Steve Ballmber and BIll Gates eight years ago lead tothe company’s current management structure.

The Wall Street Journal writes that a Walton will join the Wal-Mart (WMT) board in what could be the early stages of a management change.

The Wall Street Journal writes that Yahoo! (YHOO) rebuffed Carl Icahn’s last attack.

The Wall Street Journal writes that Ford (F) and GM (GM) narrowed the quality gap between themselves and their rivals in the latest JP Power survey.

The Wall Street Journal writes that Lehman Bros (LEH) is open to having one large investor.

The New York Times writes that investors are pouring billons of dollars into farming.

The New York Times writest that the Big Three are competing for a shrinking truck market.

The New York Times writes that Monsanto plans to create seeds that would sharply increase crop yields.

The New York Times writes that E^Trade (ETFC) will make it easier to trade on a RIM (RIMM) Blackberry.

The FT writes that short bets against Lehman (LEH) are at record levels.

The FT reports that United (UAUA) will cut its fleet and jobs.

Bloomberg writes that MBIA (MBI) and Ambac (ABK) may give up their fight to keep Aaa ratings as Moody’s (MCO) said it may downgrade them.

Douglas A. McIntyre

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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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