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Media Digest (12/7/2012) Reuters, WSJ, FT, Bloomberg

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By Douglas A. McIntyre Published
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Investors who are optimistic about Europe’s prospects are disappointed by European Central Bank comments on the economy. (Reuters)

T-Mobile will stop phone subsidies and start to sell the Apple Inc. (NASDAQ: AAPL) iPhone next year. (Reuters)

U.S. cellular carriers will create a 911 service. (Reuters)

Delta Air Line’s (NYSE: DAL) reservation app is challenged in a California court because of the way it collects data. (WSJ)

International Business Machines Corp. (NYSE: IBM), one of the leaders in big company benefits programs, will change the way it contributes to 401(K) accounts. (WSJ)

Tim Cook of Apple says the company will produce one of its Mac products in the United States. (WSJ)

The FBI is examining whether Big Lots Inc. (NYSE: BIG) CEO Bloomberg sold $10 million in shares ahead of bad news that pushed shares down. (WSJ)

The Securities and Exchange Commission sends a Wells Notice to the CEO of Netflix (NASDAQ: NFLX) about posting of information on Facebook Inc. (NASDAQ: FB). (WSJ)

Google Inc. (NASDAQ: GOOG) will sell the set-top box business of Motorola Mobility. (WSJ)

U.S. companies slow the amount of cash they put on their balance sheets as the economy improves. (WSJ)

PPR, Alcoa Inc. (NYSE: AA) and Kimberly-Clark Corp. (NYSE: KMB) join other companies moving out of southern Europe as its economy falters. (WSJ)

Google Apps will no longer be offered to small businesses for free. (WSJ)

Investors grow concerned that bonds in top-rated companies have become more risky. (WSJ)

A U.S. judge in charge of the largest patent case between Apple and Samsung presses for the companies to settle disputes around the world. (FT)

Brazil will invest $26 billion to improve its ports. (FT)

The Bundesbank cuts its estimate for German GDP growth from 1.6% to 0.4%. (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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courtesy of Facebook Inc.The yen reaches a two-year low on worries about the Japanese economy and hopes of a budget…
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