Media Digest (10/4/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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China begins to use its currency for cross-border transactions — a challenge to the dollar. (Reuters)

Google Inc. (NASDAQ: GOOG) is denied summary judgement in a patent fight with Vringo. (Reuters)

The head of EADS says he will consider job guarantees as part of a BAE merger. (Reuters)

A stock-trading “dark pool” with financial backing from several U.S. banks settles charges that it shared client information with Citigroup Inc. (NYSE: C). (WSJ)

Sprint Nextel Corp. (NYSE: S) hurt its chance to compete with AT&T Inc. (NYSE: T) Wireless and Verizon Wirelesss when it did not buy MetroPCS Communications Inc. (NYSE: PCS). (WSJ)

Mark Hurd begins to become a face of Oracle Corp. (NASDAQ: ORCL) two years after he was fired by Hewlett-Packard Co. (NYSE: HPQ). (WSJ)

The fate of billions of dollars in old mortgages affects new home lending. (WSJ)

The Centers for Medicare and Medicaid Services claim a third of federal spending will be on health care a decade from now. (WSJ)

The European Union continues to consider an areawide budget as a partial way to handle bailouts. (WSJ)

Delta Air Lines Inc. (NYSE: DAL) and Korean Air Lines may expand their partnership. (WSJ)

Apple Inc. (NASDAQ: AAPL) will release a smaller version of its iPad to compete with Google and Amazon.com Inc. (NASDAQ: AMZN). (WSJ)

Nasdaq OMX Group Inc. (NASDAQ: NDAQ) has to cancel some trading orders for Kraft Foods Group Inc. (NASDAQ: KRFT) stock because of glitches in its systems. (NYT)

Facebook Inc. (NASDAQ: FB) will allow users to promote status updates but the changes will involve a payment to the social network. (FT)

Spain will have to make concessions it does not want to make to get European Central Bank loans. (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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