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

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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The Federal Reserve probably will add to its bond-buying programs as the economy continues to sputter. (Reuters)

India begins an investigation into Wal-Mart Stores Inc.’s (NYSE: WMT) activity in the country, looking for potential bribes. (Reuters)

A Reuters poll shows many people still need to shop for the holidays, but their spending will drop. (Reuters)

The accounting problems with the buyout of Autonomy by Hewlett-Packard Co. (NYSE: HPQ) could lead to new rules about accounting practices. (Reuters)

Microsoft Corp. (NASDAQ: MSFT) increases Surface production and will sell it in more retail outlets. (Reuters)

Apple Inc. (NASDAQ: AAPL) starts to test TV designs. (WSJ)

Freeport-McMoRan Copper & Gold Inc.’s (NYSE: FCX) decision to buy two oil firms for $20 billion has upset some of its large investors. (WSJ)

States increase incentives to get airplane manufacturers to relocate to create jobs. (WSJ)

The FCC approves Dish Network Corp. (NASDAQ: DISH) as a cellular service carrier. (WSJ)

Sprint-Nextel Corp. (NYSE: S) may buy shares in Clearwire Corp. (NASDAQ: CLWR) to get full ownership. (WSJ)

Bausch & Lomb retains Goldman Sachs Group Inc. (NYSE: GS) as it explores a sale of the company. (WSJ)

Amazon.com Inc. (NASDAQ: AMZN) will collect sales tax in Massachusetts. (WSJ)

Qualcomm Inc. (NASDAQ: QCOM) will work to build home base stations to cut cellular congestion. (WSJ)

The Fed prevents large banks from making significant M&A deals as part of its authority under Dodd-Frank. (WSJ)

The Chinese government offers support for businesses based their willingness to make buyouts of foreign companies. (NYT)

Solar City may delay its initial public offering. (NYT)

Saudi Arabia cuts its oil production to a 2012 low. (FT)

Google Chairman Eric Schmidt says that the search company’s Android is taking market share from Apple. (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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