Media Digest (9/11/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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George Soros says Germany should back the European Union or leave it. (Reuters)

The new Apple Inc. (NASDAQ: AAPL) iPhone could boast fourth-quarter gross domestic product by 0.5%, according to a J.P. Morgan Chase & Co. (NYSE: JPM) analyst. (Reuters)

Google Inc.’s (NASDAQ: GOOG) YouTube puts out a new iPhone app. (Reuters)

Zynga Inc. (NASDAQ: ZNGA) loses its chief marketing officer. (Reuters)

Advanced Micro Devices Inc. (NYSE: AMD) releases a low-powered server platform. (Reuters)

The new iPhone will test the ability of U.S. cellular companies to make money from the popular device. (WSJ)

Fedex Corp. (NYSE: FDX) and United Parcel Service Inc. (NYSE: UPS) pick up market share in China. (WSJ)

Hewlett-Packard Co. (NYSE: HPQ) increases planned layoffs to 29,000. (WSJ)

Kodak’s CFO departs and the firm lays off another 1,000 people. (WSJ)

Alcatel-Lucent S.A. (NYSE: ALU) reorganizes its top management. (WSJ)

Spanish Prime Minister Mariano Rajoy says potential European Central Bank funding had pushed down borrowing costs and made a bailout of his country less likely. (WSJ)

The updating of older gas-drilling products helps the services industries that support them. (WSJ)

Plains Exploration & Production Co. (NYSE: PXP) will raise $7 billion to buy Gulf assets from BP PLC (NYSE: BP) and Royal Dutch Shell PLC (NYSE: RDS-A). (WSJ)

Transocean Ltd. (NYSE: RIG) will sell 38 shallow water rigs, and a potential settlement with the government over Deepwater Horizon progresses. (WSJ)

Traders cannot figure out why there is a surplus of copper. (WSJ)

The new CEO of Barclays PLC (NYSE: BCS) says he will not break up the bank. (WSJ)

Foxconn, an Apple supplier, may use “interns” as low-paid workers. (NYT)

ECB support of bonds helps firms that bought the sovereign paper of Ireland, Portugal, Spain and Italy. (NYT)

Glencore International says its new offer for Xstrata is its final one. (NYT)

JAL will raise $8.5 billion with its new initial public offering. (NYT)

The United States has made $15 billion on its “investment” in American International Group Inc. (NYSE: AIG). (Bloomberg)

General Motors Co. (NYSE: GM) supports the new CEO of Opel and says it is committed to fixing the unit. (Bloomberg)

The new iPhone is likely to sell millions of units in just a few weeks. (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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