Media Digest (11/9/2012) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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Former Best Buy Co. Inc. (NYSE: BBY) chairman Richard Schulze will bid for the company, but at a level less than the $8 billion expected. (Reuters)

China posts a 9.6% year-over-year improvement in industrial output in October. (Reuters)

Some Securities and Exchange Commission computers were left open to cyber attacks. (Reuters)

The International Monetary Fund presses the United States to solve its fiscal cliff problem. (Reuters)

Intel Corp. (NASDAQ: INTC) and Hewlett-Packard Co. (NYSE: HPQ) will launch a new Itanium server platform. (Reuters)

Carl Icahn says he may attempt to takeover Netflix Inc. (NASDAQ: NFLX). (Reuters)

A corporate tax cut would harm companies with “deferred tax assets” such as Ford Motor Co. (NYSE: F) and American International Group Inc. (NYSE: AIG). (WSJ)

Gilt Groupe looks for a chief executive to turn the company around. (WSJ)

China’s inflation rate slows. (WSJ)

Results for Groupon Inc.’s (NASDAQ: GRPN) most recent quarter batter its shares. (WSJ)

Priceline.com Inc. (NASDAQ: PCLN) to buy travel site Kayak Software Corp. (NASDAQ: KYAK). (WSJ)

Carl Icahn presses his stake in Take-Two Interactive Software Inc. (NASDAQ: TTWO) to more than 10%. (WSJ)

The European Union reviews China’s “dumping” of solar panels. (WSJ)

The European Central Bank calls on eurozone members to bail out Greece and says the bank will not be involved. (WSJ)

Germany’s deficit falls and its borrowing costs approach new lows. (WSJ)

The Indian government will investigate whether Wal-Mart Stores Inc. (NYSE: WMT) illegally put money into a local retailer. (WSJ)

Profit growth falls at Lenovo. (WSJ)

Airbus pushes for suppliers to consolidate to cut its cost of materials. (WSJ)

Boeing Co. (NYSE: BA) may outsell Airbus for the first time since 2006. (WSJ)

Consumer price increases in China slow. (NYT)

The Congressional Budget Office says lack of action on the fiscal cliff could cause a recession. (FT)

A decision about aid for Greece will not be made until next week. (Bloomberg)

The ECB puts its plan to buy bonds of EU nations ahead of rate cuts. (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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