Media Digest (12/17/2012) Reuters, WSJ, FT

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Early sales of the Apple Inc. (NASDAQ: AAPL) iPhone 5 in China are strong. (Reuters)

American International Group Inc. (NYSE: AIG) will raise $6.5 billion through the sale of AIA. (Reuters)

Infosys Ltd. (NASDAQ: INFY) may cuts its forecast as global consulting demand slows. (Reuters)

Private equity firms have taken on near historic levels of debt to close a large number of deals this year. (WSJ)

Akamai Technologies Inc. (NASDAQ: AKAM) will make one of its founders CEO. (WSJ)

Ratings agencies start to look at the effects of the fiscal cliff and the U.S. debt limit. (WSJ)

Chinese leaders indicate they will work to increase local demand to make it a larger part of gross domestic product. (WSJ)

Google Inc. (NASDAQ: GOOG) will not be harmed by the settlement of a two-year federal investigation of its business practices. (WSJ)

Facebook Inc.’s (NASDAQ: FB) e-commerce arrangement with Wal-Mart Stores Inc. (NYSE: WMT) for Black Friday sales may help the firm’s investor demand. (WSJ)

Boeing Co. (NYSE: BA) continues to investigate problems with its 787 Dreamliner after four planes are grounded by mechanical issues. (WSJ)

United Continental Holdings Inc. (NYSE: UAL) pilots agree to a contract to cover their relationship with the airline created by a merger two years ago. (WSJ)

Twitter increases its deals with retailers for the year-end shopping season. (WSJ)

A possible fine against UBS A.G. (NYSE: UBS) by the U.S. government will worry other banks with legal trouble with the federal government. (WSJ)

U.S. banks ask for relief from Basel III because of the amount of money they would have to raise. (FT)

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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