Media Digest (10/12/2012) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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Softbank may seek $23 billion in loans from Japanese banks as it tries to buy a controlling interest in Sprint Nextel Corp. (NYSE: S). (Reuters)

Jeff Bezos of Amazon.com Inc. (NASDAQ: AMZN) says the Kindle is sold at about its cost of production. (Reuters)

An appellate court will allow Samsung to sell its Nexus phone, a move Apple Inc. (NASDAQ: AAPL) tried to block. (Reuters)

Royal Dutch Shell PLC (NYSE: RDS-A) asks the U.S. government for permission to export oil taken from shale. (WSJ)

A poll of analysts by The Wall Street Journal shows most expect slow expansion in 2013. (WSJ)

Workday’s IPO is priced above its range. (WSJ)

Best Buy Co. Inc. (NYSE: BBY) will match the prices of products sold by Amazon and other e-commerce firms. (WSJ)

The Manufacturers Alliance for Productivity and Innovation reports that many employers will not add workers until they see the tax results from the fiscal cliff. (WSJ)

Christine Lagarde of the International Monetary Fund says that Greece needs two more years to restructure its economy. (WSJ)

Carl Icahn offers to buy that balance of Oshkosh Corp. (NYSE: OSK) that he does not already own. (WSJ)

Shares of Realogy Holdings Corp. (NYSE: RLGY) rise 25% the day of its IPO. (WSJ)

Carrefour earnings show a small improvement after years of trouble at the retailer. (WSJ)

Advanced Micro Devices Inc. (NYSE: AMD) cuts its outlook amid more concerns about the PC market. (WSJ)

Debt investors offer up to $2 billion to AMR as its exits Chapter 11 and will seek a large position in the airline. (WSJ)

The USDA expects supplies of soybeans and corn to be tight. (WSJ)

Defense Secretary Leon Panetta says the United States faces major cyber attacks. (NYT)

Government aid to the housing market will help mortgage bank earnings. (NYT)

German finance minister Wolfgang Schäuble fights Christine Lagarde over her stance on EU stimulus. (FT)

Companies in France cut spending, a threat to the plans of President Hollande. (Bloomberg)

G7 ministers discuss means to rekindle growth. (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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