Media Digest (10/2/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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A court will allow Samsung to sell its Galaxy Tab 10.1 in the U.S. despite efforts by Apple Inc. (NASDAQ: AAPL) to block it. (Reuters)

Germany wants Spain to delay a request for a bailout because the nation may not need the help. (Reuters)

Boeing Co. (NYSE: BA) engineers turn down a contract offer that would extend for four years. (Reuters)

Content companies face the challenge of which mobile platforms they should embrace and which they should reject. (Reuters)

Bank of America Corp.’s (NYSE: BAC) Merrill Lynch plans to steal brokers from Morgan Stanley’s (NYSE: MS) new unit. (WSJ)

Facebook Inc. (NASDAQ: FB) offers advertisers more information about members. (WSJ)

Nissan will build a car that retails for $3,000 to target emerging markets. (WSJ)

The Washington Post Co. (NYSE: WPO) will buy a majority stake in home health care company Celtic Healthcare. (WSJ)

China PC company Lenovo to build computers in the United States. (WSJ)

Municipal bond investors have moved out of “junk” debt because of falling yields. (WSJ)

Some U.S. Senate members have plans to avoid the fiscal cliff. (NYT)

American Express Co. (NYSE: AXP) will refund $85 million to 250,000 customers because it violated federal lending laws. (NYT)

The U.S. Post Office defaults on $5.6 billion in benefits payments. (NYT)

Bank funding costs are now passed on to borrowers, helping financial firm profits. (FT)

The market cap of Google Inc. (NASDAQ: GOOG) is now bigger than Microsoft Corp.’s (NASDAQ: MSFT). (FT)

Tech firm Workday sets an IPO that values the company at $3.8 billion. (FT)

Moody’s reports that Spain’s banks need more capital than regulators claim. (Bloomberg)

Samsung sues Apple over features on the iPhone 5. (Bloomberg)

The top 1% got 93% of income growth in 2010. (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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