Media Digest (10/19/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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The European Union summit helps to lower bond yields for Spain and Italy. (Reuters)

Google Inc.’s (NASDAQ: GOOG) shares drop badly after releases earnings early and it misses numbers. (Reuters)

Microsoft Corp. (NASDAQ: MSFT) posts lackluster results as the market prepares for the Windows 8 launch. (Reuters)

The European Union agrees on having a single bank supervisor. (WSJ)

Facebook Inc. (NASDAQ: FB) increases efforts to move into the huge Indian market. (WSJ)

Wireless unit drives Verizon Communications Inc. (NYSE: VZ) profits higher. (WSJ)

Google releases a $249 Chrome-based laptop. (WSJ)

Accumulation of debt by companies helps them raise dividends. (WSJ)

Blackstone Group L.P. (NYSE: BX) now has $200 billion of assets under management. (WSJ)

Sprint Nextel Corp. (NYSE: S) will take control of Clearwire Corp. (NASDAQ: CLWR) for access to its spectrum. (NYT)

Yahoo! Inc. (NASDAQ: YHOO) may leave South Korea. (NYT)

Advanced Micro Devices Inc. (NYSE: AMD) lays off 15% of its staff. (NYT)

Sprint will not use Huawei Technologies products after the U.S. probe of the Chinese company. (FT)

Tesco and Wal-Mart Stores Inc. (NYSE: WMT) sales in China are hurt as people turn to local retailers. (Bloomberg)

Volkwagen profits are hurt finally — by Europe results. (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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