Media Digest (11/23/2011) Reuters, WSJ, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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China’s factory activity reaches a 32-month low. (Reuters)

Merck (NYSE: MRK) pays $950 million to settle Vioxx charges brought by the government. (Reuters)

FCC head wants more examination of the AT&T (NYSE: T) deal to buy T-Mobile. (Reuters)

GM (NYSE: GM) will have a hard time repairing its Opel division. (Reuters)

Banks that will face new stress tests by the Federal Reserve include Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), Citigroup (NYSE: C), JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC). Some tests assume 13% unemployment by early 2013. (WSJ)

Foreclosure practice settlement negotiations will move forward without California, which has goals for its own settlements. (WSJ)

Groupon (NASDAQ: GRPN) shares fall 15% on renewed concern about the viability of its business model. (WSJ)

The jobless rate fell in most states last month. (WSJ)

Virgin America’s website continues to crash. (WSJ)

EU banks have trouble as they seek new deposits. (WSJ)

The National Retail Federation says the number of shoppers will be 10% higher this weekend. (WSJ)

AMR (NYSE: AMR) will continue its suits against travel service providers. (WSJ)

The price of Research In Motion’s (NASDAQ: RIMM) tablet will be sharply reduced in America. (WSJ)

Large oil producers would like to hold OPEC to current production levels. (WSJ)

Bank borrowing from the ECB is up sharply. (NYT)

Nomura (NYSE: NMR) will continue to sell assets. (FT)

Bond markets keep yields on Spanish and Italian sovereign paper high. (FT)

Plans by Citigroup and Bank of America (NYSE: BAC) to raise dividends may not materialize. (Bloomberg)

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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