Media Digest (9/14/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The Federal Reserve plans to gamble that QE3 will combat a flagging economy. (Reuters)

Brent crude rises to $117 on the Fed announcement. (Reuters)

The Nintendo Wii U will allow video program lists and recording shows for viewing later. The device launches in the U.S. in November. (Reuters)

Apple Inc. (NASDAQ: AAPL) will not support a new mobile payment standard. (Reuters)

The board of Xstrada is expected to support Glencore’s new bid. (Reuters)

Commercial and industrial loans become a larger part of bank activity. (WSJ)

Goldman Sachs Group Inc. (NYSE: GS) cuts back on recruiting and pay for entry-level analysts. (WSJ)

S&P upgrades its rating of South Korea. (WSJ)

Acer postpones the launch of a new phone that runs on the Alibaba OS. (WSJ)

The U.S. House of Representatives passes a $500 billion spending package to fund the government beyond September. (WSJ)

Apple’s position at the top of the smartphone industry in China continues to erode. (WSJ)

The move by the Fed will make it harder for investors to find relatively safe products with reasonable yields. (WSJ)

Oil companies increase money given to efforts to defeat Obama. (NYT)

Facebook Inc. (NASDAQ: FB) will launch a real-time ad platform. (FT)

Facebook does a better job than Google Inc. (NASDAQ: GOOG) of getting people to click on ads based on browser history. (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.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618