Media Digest (11/15/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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As a Justice Department investigation of Deepwater Horizon continues, BP PLC (NYSE: BP) may pay a record fine for the results of the disaster. (Reuters)

Qatar says it would back a merger of Glencore and Xstrada. (Reuters)

The CEO of Research In Motion Ltd. (NASDAQ: RIMM) believes that the BlackBerry 10 will jump-start the company. (Reuters)

As a share lock-up expires, Facebook Inc.’s (NASDAQ: FB) stock rises more than 12%. (Reuters)

Texas Instruments Inc. (NASDAQ: TXN) will exit the tablet chip sector and fire 1,700 people. (Reuters)

News Corp. (NASDAQ: NWSA) is close to buying an interest in the YES network. (WSJ)

The FHA, nearly out of funds, will have to take money from the Treasury. (WSJ)

Energy officials suspend energy trading by J.P. Morgan Chase & Co. (NYSE: JPM) for six months. (WSJ)

The French economy grows in the third quarter. (WSJ)

Analysts are concerned about the new turnaround plan of Best Buy Co. Inc.’s (NYSE: BBY) chief executive. (WSJ)

Nokia Corp.’s (NYSE: NOK) share of the smartphone market falls sharply. (WSJ)

Groupon Inc. (NASDAQ: GRPN) names a chief operating officer. (WSJ)

The Fed does not say if it will continue its bond-buying program. (WSJ)

Industrial production in the eurozone falls sharply in September. (WSJ)

Retailers post more Black Friday specials online to draw new customers. (WSJ)

AMR CEO Horton says that, in a merger with US Airways Group Inc. (NYSE: LCC), creditors would have to get a major ownership. (WSJ)

Abercrombie & Fitch Co. (NYSE: ANF) sales rise unexpectedly. (WSJ)

Starbucks Corp. (NASDAQ: SBUX) will buy Teavana Holdings Inc. (NYSE: TEA) for $620 million. (WSJ)

Hertz Global Holdings Inc. (NYSE: HTZ) receives approval to buy Dollar Thrifty Automotive Group Inc. (NYSE: DTG). (WSJ)

Goldman Sachs Group Inc. (NYSE: GS) adds 70 partners. (WSJ)

Greece may consider buying back some of its debt. (NYT)

EU economic official Olli Rehn says Spain will not have to make more cuts immediately, even if it misses budget targets, (FT)

Germany’s growth slows less than expected in the third quarter, according to the Federal Statistics Office. (Bloomberg)

Insee reports modest growth in French third-quarter gross domestic product. (Bloomberg)

Sony Corp.’s (NYSE: SNE) shares fall to a multiyear low as it issued convertible bonds. (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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