Media Digest 9/10/2008

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Newspaper_2According to Reuters, the bailout of Fannie Mae and Freddie Mac (FRE) was greeted with cautious optimism.

Reuters says the the Justice Department has hired a litigator to look into antitrust issues at Google (GOOG).

The Boeing (BA) strike is having an impact on suppliers and customers around the world, according to Reuters.

Reuters reports that Nokia (NOK) is looking for more acquisitions for its internet business.

The Wall Street Journal reports that BG Group said it will let its offer to buy Australia’s Origin Energy lapse, a day after the target company agreed to sell a half share of key assets to ConocoPhillips (COP)

The Wall Street Journal reports that the CEO of Ford (F) is expecting help from the US government.

The Wall Street Journal reports that a survey of hedge funds shows 35% lost assets through August

The Wall Street Journal reports that O3b Networks plans to launch as many as 16 satellites to bring internet to hundreds of million of poor people.

The New York Times reports that the firing of the head of VMWare (VMW) is still hurting the company.

The FT says that the oil minister of Saudi Arabia cast doubt on a production cut at OPEC.

The FT reports that a new survey of companies shows 43% are cutting their rate of IT spending.

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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