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Media Digest (8/28/2012) Reuters, WSJ, NYT, Bloomberg

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By Douglas A. McIntyre Published
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Apple Inc. (NASDAQ: AAPL) pushes for a ban on eight Samsung phones. (Reuters)

Best Buy Co. Inc. (NYSE: BBY) will allow former chairman Richard Schulze to review its books with an eye toward a buyout bid. (Reuters)

M&T Bank Corp. (NYSE: MTB) buys Hudson City Bancorp Inc. (NASDAQ: HCBK) for $3.7 billion as it moves into the NYC market. (WSJ)

Chevron Corp. (NYSE: CVX) has a balance sheet with $21 billion in cash that it could use for M&A activity. (WSJ)

Ford Motor Co. (NYSE: F) will start to sell Lincolns in China. (WSJ)

The recession in Spain picks up speed in the second quarter. Statistics institute INE reports that gross domestic product contracted 0.4% compared with the first quarter. (WSJ)

General Motors Co. (NYSE: GM) will cut production of the Chevy Volt. (WSJ)

Walt Disney Co. (NYSE: DIS) says its huge expenditures on films and parks has started to bear fruit. (WSJ)

Boeing Co. (NYSE: BA) increases its Dreamliner production capacity. (WSJ)

Manufacturers have asked Washington for a simpler tax code and better national infrastructure. (WSJ)

The FAA will investigate whether people can use electronic devices during takeoff and landing of passenger planes. (WSJ)

The FDA approves a Gilead Sciences Inc. (NASDAQ: GILD) HIV medicine. (WSJ)

Isaac causes a shuttering of Gulf Coast refineries, which pushes gas futures up. (WSJ)

Cocoa reaches a nine-month high. (WSJ)

The Apple victory over Samsung makes it more likely it will challenge Google Inc. (NASDAQ: GOOG) on Android. (NYT)

Amazon.com Inc.’s (NASDAQ: AMZN) cloud business has allowed a number of large companies to move into data businesses without capital expenditures. (NYT)

The senior German official at the European Central Bank sided with the stance that bond buying by the central bank was essential to the financial health of the regions, a stance many Germans reject. (NYT)

The ECB wants weaker Basel liquidity rules. (Bloomberg)

Credit Agricole’s second-quarter net drops 67% because of exposure to Greece. (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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