Media Digest (11/5/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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G-20 ministers say they worry about the fiscal cliff and Europe’s debt issues. (Reuters)

Toyota Motor Corp. (NYSE: TM) raises its profit forecasts but says its trouble in China was significant. (Reuters)

As the Greek government tries to finalize austerity plans, workers ready a large strike. (Reuters)

Shares in Hyundai and Kia fall after disclosures that they overstated mileage for cars sold in the United States. (Reuters)

Some companies move toward part-time workers to save money as government-mandated health care rules come into place. (WSJ)

Mutual funds run by three of the banks involved in the initial public offering of Facebook Inc. (NASDAQ: FB) sell shares quickly. (WSJ)

Ad spending has slowed, according to quarterly results from firms such as CBS Corp. (NYSE: CBS), Time Warner Inc. (NYSE: TWC) and News Corp. (NASDAQ: NWSA). (WSJ)

Walt Disney Co.’s (NYSE: DIS) “Wreck-It Ralph” tops the weekend box office with sales of $49.1 million. (WSJ)

Many U.S. companies seek investments from China. (WSJ)

Consulting firm Johnson Associates says Wall St. compensation will be higher in 2012 than in 2011, but many pay packages will be tied to longer term financial improvements. (WSJ)

Royal Bank of Scotland Group PLC (NYSE: RBS) tries to settle with government agencies pressing on its role on Libor manipulation. (WSJ)

Pandora Media Inc. (NYSE: P) and other online radio services press politicians to lower royalties but the music industry objects. (NYT)

Bank of America Corp. (NYSE: BAC) hopes that an improvement in its financial situation will allow it to pay a dividend or buy back shares. (FT)

Economic trouble in Europe could hurt trade talks between it and China. (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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