Media Digest (2/5/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Media summaries
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The United States begins a lawsuit against McGraw Hills Companies Inc.’s (NYSE: MHP) S&P for its role in the mortgage-backed paper debacle. (Reuters)

BP PLC’s (NYSE: BP) fourth-quarter profits are strong though it faces civil suits in the U.S. over the Gulf oil spill. (Reuters)

Boeing Co. (NYSE: BA) requests that the FAA allow the 787 be allowed to fly. (Reuters)

Virgina Media Inc. (NASDAQ: VMED) says Liberty Global Inc. (NASDAQ: LBTYA) approached it about a buyout. (Reuters)

International Business Machines Corp. (NYSE: IBM) moves into the low price server range. (Reuters)

Dell Inc. (NASDAQ: DELL) is close to a board vote on an LBO by Michael Dell and other parties. (Reuters)

Yum! Brands Inc. (NYSE: YUM) profits are hurt by its Chinese operations. (WSJ)

The average household spent $2,912 on gas last year — about 4% of total earnings before taxes. (WSJ)

The Super Bowl draws 108.4 million people, the third largest audience in TV history. (WSJ)

A political scandal in Spain and a bank scandal in Italy hit European markets. (WSJ)

The Energy Department is the target of hackers. (NYT)

China’s central bank moves $72 billion into money markets because of demand for cash ahead of the country’s new year holiday. (FT)

Indonesia’s GDP growth reached 6.2% last year. (FT)

The European Central Bank will sharply increase staff as it takes a larger role in European Union finances. (FT)

A gain in apps for Google Inc.’s (NASDAQ: GOOG) Android hurts Apple Inc.’s (NASDAQ: AAPL) former advantage in the business. (Bloomberg)

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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