Media Digest (10/8/2012) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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The World Bank cuts forecasts for East Asian gross domestic product and warns on China’s growth. (Reuters)

BAE’s largest shareholder disapproves of a merger with EADS. (Reuters)

The idea of a single European budget gains ground with finance ministers. (Reuters)

HSBC’s China PMI moves up to 54.3 in September, a sign the manufacturing trouble has not deepened. (Reuters)

Japanese car companies will cut Chinese production by half. (Nikkei)

China’s Huawei is a security threat to the United States, according to a committee of Congress. (WSJ)

Foxconn says there have been two disputes among employees who build parts for the Apple Inc. (NASDAQ: AAPL) iPhone. (WSJ)

Honda Motor Co. Ltd. (NYSE: HMC) recalls 489,000 CR-V crossovers because of a fire hazard. (WSJ)

President François Hollande may face trouble in the French parliament as it votes on austerity measures. (WSJ)

Investment banks begin to work for General Motor Co.’s (NYSE: GM) business now that it is well out of Chapter 11. (WSJ)

Earnings at smartphone firm HTC fall below expectations. (NYT)

Google Inc.’s (NASDAQ: GOOG) YouTube continues to add more vertical channels. (NYT)

An FT-Brookings survey shows the global economy is in trouble. (FT)

U.S. earnings are likely to drop after 11 quarters of gains. (FT)

Google will offer low-interest loans to some of its search advertisers. (FT)

European finance ministers will search for ways to solve Spain’s problems as they gather. (Bloomberg)

The International Monetary Fund is set to lower growth forecasts for Asian, joining the World Bank’s action. (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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