Media Digest (9/5/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Facebook Inc. (NASDAQ: FB) will not sell shares to cover a $2 billion tax bill. (Reuters)

Government papers accuse BP PLC (NYSE: BP) of gross negligence in the Deepwater Horizon incident. (Reuters)

Nokia Corp. (NYSE: NOK) and Microsoft Corp. (NASDAQ: MSFT) will set their hopes for success in the smartphone market on the new Lumia handset. (Reuters)

Apple Inc. (NASDAQ: AAPL) schedules a September 12 event, which is expected to be the launch of the iPhone 5. (Reuters)

Amazon.com Inc. (NASDAQ: AMZN) sets an exclusive deal with premium video provider Epix, causing shares of the e-commerce firm’s rival Netflix Inc. (NASDAQ: NFLX) to fall. (Reuters)

FedEx Corp. (NYSE: FDX) says the economy will hurt its earnings. (WSJ)

European Central Bank rate cuts have not helped all of Europe because of the differences in lending costs from nation to nation. (WSJ)

A judge rules that bankrupt AMR can reject pilot labor deals. (WSJ)

Intel Corp. (NASDAQ: INTC) says it can cut energy use by its current flagship chip by 41%. (WSJ)

The United Nations says that the summer drought could cause a food crisis similar to the one in 2008. (WSJ)

Volkswagen will upgrade its Golf model as it tries to better compete with Toyota Motor Corp. (NYSE: TM). (WSJ)

Spain’s bank problems grow worse, causing a need for ECB action. (WSJ)

Chinese city Guangzhou will restrict use of cars. (NYT)

States may sue large banks over Libor manipulation. (NYT)

Negative interest rates may hurt money market investors. (FT)

China Labor Watch says Samsung abuses workers in its factories in the People’s Republic. (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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