Media Digest (8/3/2012) Reuters, WSJ, NY Times, FT

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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The jobs situation may have been weak enough to spur Fed action. (Reuters)

As Facebook Inc. (NASDAQ: FB) shares fall, insiders will be able to sell shares. (Reuters)

GlaxoSmithKline PLC (NYSE: GSK) finishes its $3 billion dollar buyout of Human Genome Sciences. (Reuters)

The European Central Bank’s lack of action on sovereign bonds rocks the markets. (WSJ)

Losses at Royal Bank of Scotland Group PLC (NYSE: RBS) top $3 billion. (WSJ)

Knight Capital Group Inc. (NYSE: KCG) will open its books to try to find a partner or acquirer after $440 million in losses due to botched trades. (WSJ)

Facebook shares drop below $20. (WSJ)

General Motors Co. (NYSE: GM) earnings are badly hurt by Europe. (WSJ)

Apple Inc. (NASDAQ: AAPL) has become a force in the game business because of the size of its app store and the number of iPhones and iPads in the market. (WSJ)

Oracle Corp. (NASDAQ: ORCL) will get $300 million from SAP AG (NYSE: SAP) to settle patent claims. (WSJ)

Target Corp. (NYSE: TGT) and Macy’s Inc. (NYSE: M) were among the few retailers to post good sales improvements. (WSJ)

LinkedIn Corp. (NYSE: LNKD) posts strong earnings. (WSJ)

Comcast Corp. (NASDAQ: CMCSA) and Time Warner Cable Inc. (NYSE: TWC) move away from TV products and toward high-speed broadband. (WSJ)

Efforts by the ECB to buy European bonds have been partially blocked by Germany. (WSJ)

Strong quarterly numbers help lift Toyota Motor Corp. (NYSE: TM), which upped forecasts. (NYT)

Yields on Spain’s bonds rise on concerns about ECB actions. (FT)

JAL initial public offering will raise $8.5 billion. (FT)

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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