Media Digest: Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The HSBC services Purchasing Managers’ Index (PMI) drops to 51.1 in April, a sign that China’s manufacturing economy is barely expanding. (Reuters)

Bain and Golden Gate are close to a $6.4 billion buyout of BMC Software Inc. (NASDAQ: BMC). (Reuters)

Google Inc. (NASDAQ: GOOG) Android opens an app store in China. (Reuters)

Sales of the Toyota Motor Corp. (NYSE: TM) Camry and Honda Motor Co. Ltd. (NYSE: HMC) Accord are hurt by new competition from U.S. car manufacturers and Hyundai. (WSJ)

“Iron Man 3,” released by Walt Disney Co. (NYSE: DIS) studios, sets weekend records with $175.3 million in ticket sales in North America. (WSJ)

Norway may increase its taxes on oil production. (WSJ)

Neiman Marcus Group may set an initial public offering. (WSJ)

Institutional Shareholder Services tells J.P. Morgan Chase & Co. (NYSE: JPM) stockholders not to vote for the three members of the bank’s risk management committee. (NYT)

Buzzfeed will try to expand its foreign news content. (NYT)

President Obama may support the export of natural gas. (FT)

The European Union could put a 40% tariff on Chinese solar panels. (FT)

YouTube may start to charge for some video channels. (FT)

Berkshire Hathaway Inc. (NYSE: BRK-A) will not buy Apple Inc. (NASDAQ: AAPL) bonds because of their low yields. (Bloomberg)

Many of the world’s largest carriers will not sell the iPhone because of the fees Apple wants to charge them. (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.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618