Media Digest (12/6/2012) Reuters, WSJ, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Amazon.com Inc. (NASDAQ: AMZN) has a $2 billion pile of cash in Luxembourg to help fund its operations. (Reuters)

HSBC Holding PLC (NYSE: HBC) may have to pay a $1.6 billion fine for money laundering. (Reuters)

The European Central Bank likely will cut its economic forecasts. (Reuters)

Apple Inc. (NASDAQ: AAPL) shares drop the most in four years. (Reuters)

China’s consumption of KFC has fallen. (Reuters)

Ford Motor Co. (NYSE: F) will relaunch its Lincoln brand. (Reuters)

Samsung, trying to improve its IP suit with Apple, files a copy of a settlement between Apple and HTC in a U.S. court. (Reuters)

The Federal Trade Commission says that Google Inc. (NASDAQ: GOOG) could not stop Apple from selling products even if some infringed on the search company’s patents. (Reuters)

The Energy Information Administration issues a report likely to help U.S. companies that export natural gas. (WSJ)

Citigroup Inc.’s (NYSE: C) new chief executive shows his taste for cost cuts as he fires 11,000 people. (WSJ)

Kodak receives a bid of more than $500 million for some of its patents. (WSJ)

The U.K. Chancellor of the Exchequer says that austerity and taxes would mute a recovery of the nation’s economy. (WSJ)

The Starz pay-TV channel seeks a buyer. (WSJ)

Former Deutsche Bank A.G. (NYSE: DB) employees say the firm hid $12 billion in losses during the credit crisis. (FT)

The European Central Bank likely will not cut rates as yields have fallen under its bond-buying plan. (Bloomberg)

One reason Apple shares have fallen is the Nokia Corp. (NYSE: NOK) deal to sell its phones in 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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