Media Digest (10/1/2012) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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The board of Xstrata approves a merger with Glencore. (Reuters)

A U.S. appeals court says a lower court should reexamine a ban of the Samsung Galaxy Tab 10.1, which was part of a patent win by Apple Inc. (NASDAQ: AAPL). (Reuters)

IDC Manufacturing Insights finds that many U.S. tech companies plan to sharply increase tech exports. (Reuters)

A drop in trade makes its less likely that exports will drive the U.S. economy. (WSJ)

Macy’s Inc. (NYSE: M) and Sears Holdings Corp. (NASDAQ: SHLD) benefit from the drop in sales at JCPenney Co. Inc. (NYSE: JCP) (WSJ)

Nokia Corp. (NYSE: NOK) sets a deal to sell its maps to Oracle Corp. (NASDAQ: ORCL). (WSJ)

Greece’s gross domestic product is expected to shrink more than the government expected. (WSJ)

Spain says its budget gap will be larger than expected next year. (WSJ)

Toyota Motor Corp. (NYSE: TM) and Honda Motor Co. Ltd. (NYSE: HMC) pick up market share in the United States. (WSJ)

The Deutsche Börse may create a currency-trading instrument to match one from the CME Group Inc. (NASDAQ: CME). (WSJ)

As Greece cuts pension payouts, Spain raises them despite austerity measures. (NYT)

Electric car sales underperform expectations. (NYT)

China’s official PMI rises to 49.8 in September, up 0.6 from August. (FT)

The Bank of Japan’s Tankan report falls to -3 in the most recent quarter from -1 in the previous one. (FT)

Fewer MBAs take Wall St. jobs because of worries about layoffs. (FT)

Analysts sharply cut projections for earnings growth of European companies. (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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