Media Digest (9/272012) 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.

Spain will cut its budget ahead of a possible request for aid. (Reuters)

Bank of America Corp. (NYSE: BAC) tests systems that allow people to make payments via smartphone. (Reuters)

Procter & Gamble Co. (NYSE: PG) CEO Robert McDonald is under pressure to cut costs as hedge fund manager William Ackman presses for change. (WSJ)

Sears Holdings Corp. (NASDAQ: SHLD) and Darden Restaurants Inc. (NYSE: DRI) will give employees fixed payments to cover health care options. (WSJ)

The Securities and Exchange Commission wants more methods to stop trading when technology problems move stock prices. (WSJ)

Starbucks Corp. (NASDAQ: SBUX) to open stores in Nordic nations. (WSJ)

The IPO troubles of Facebook Inc. (NASDAQ: FB), Groupon Inc. (NASDAQ: GRPN) and Zynga Inc. (NASDAQ: ZNGA) push investors away from Internet investments. (WSJ)

Dish Network Corp. (NASDAQ: DISH) to launch a national broadband service. (WSJ)

Research In Motion Ltd. (NASDAQ: RIMM) tries to add to its app developer group, in part via relationships with Facebook and Twitter. (WSJ)

German resistance may hurt the merger of EADS and BAE Systems. (WSJ)

The family that controls American Greetings Corp. (NYSE: AM) offers to buy the entire firm. (WSJ)

The change at the top of the Chinese government may have hurt efforts to revive its economy. (NYT)

Toyota Motor Corp. (NYSE: TM) will change the product mix of it Lexus brand to lure younger buyers. (NYT)

Apple Inc. (NASDAQ: AAPL) may begin to acquire and license content for its iPad and iPhone. (FT)

Nokia Corp. (NYSE: NOK) may suspend its dividend. (Bloomberg)

Shares in Santander Mexico (NYSE: BSMX) rise the day of its IPO. (Bloomberg)

Harvard’s endowment underperformed the market last year. (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