Media Digest (12/11/2012) Reuters, WSJ, NY Times, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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HSBC Holdings PLC (NYSE: HBC) pays a $1.92 billion fine to the U.S. government to settle a money laundering probe. (Reuters)

The cost of outside products necessary to run Apple Inc. (NASDAQ: AAPL) hardware has grown expensive. (Reuters)

OPEC is likely to keep production around current levels. (Reuters)

Twitter launches a photo program as a challenge to Facebook Inc. (NASDAQ: FB). (Reuters)

The United States will sell the last of its shares in American International Group Inc. (NYSE: AIG). (Reuters)

Exxon Mobil Corp. (NYSE: XOM) believes that North America will be an energy exporter by 2025. (WSJ)

The EPA will consider whether come Ford Motor Co. (NYSE: F) cars get worse gas mileage than they claim after a Consumer Reports study. (WSJ)

Intel Corp. (NASDAQ: INTC) will try to increase its presence in mobile chips. (WSJ)

Bank of England Governor Mervyn King warns of a risk of currency wars. (WSJ)

DirecTV (NASDAQ: DTV) increases some fees for regional sports programming. (WSJ)

The head of AMR, parent to American Airlines, says he expects a decision about a merger with US Airways Group Inc. (NYSE: LCC) soon. (WSJ)

Delta Air Lines Inc. (NYSE: DAL) will reach a deal soon to buy 49% of Virgin Atlantic. (WSJ)

Morgan Stanley (NYSE: MS) may begin to buy back shares once government restrictions to do so end. (WSJ)

More experts express concerns about the Boeing Co. (NYSE: BA) 787 after several mechanical failures. (NYT)

A National Intelligence Council report says the U.S. will no longer be the world’s largest economy in 2030. (FT)

Buying of American Eagle coins increases as people add bullion after the election. (FT)

Weak Spanish banks have hurt the efforts of builders to increase business outside the country. (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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