Media Digest: Reuters, WSJ, FT, Bloomberg

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By Douglas A. McIntyre Published
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China’s trade surplus is better than expected in April. (Reuters)

With inflation below Federal Reserve targets, the central bank may have to increase bond buying. (Reuters)

Some hedge funds move into Detroit debt. (Reuters)

Target Corp. (NYSE: TGT) will use Facebook Inc. (NASDAQ: FB) to offer shoppers discounts. (Reuters)

Softbank management will meet Sprint Nextel Corp. (NYSE: S) investors and might raise its bid for the carrier. (Reuters)

Electronic Arts Inc. (NASDAQ: EA) says better game products should increase sales next year. (Reuters)

American use of credit begins to improve from a six-year slump. (WSJ)

Airline mergers substantially cut routes served. (WSJ)

J.C. Penney Co. Inc. (NYSE: JCP) says sales fell sharply in the first quarter. (WSJ)

Carl Icahn and Southeastern, both large Dell Inc. (NASDAQ: DELL) shareholders, may challenge to get board seats. (WSJ)

The Dow closes above 15,000 for the first time. (WSJ)

More people from recession-racked nations move to Germany for jobs. (WSJ)

Start-ups based on Bitcoin e-commerce begin to raise large sums of money. (WSJ)

Yahoo! Inc. (NASDAQ: YHOO) tries unsuccessfully to pull out of its search partnership with Microsoft Corp. (NASDAQ: MSFT). (WSJ)

The share price of Tesla Motors Inc. (NASDAQ: TSLA) may have risen too quickly in the past several months. (WSJ)

A second proxy firm supports a split in the roles of chairman and CEO at J.P. Morgan Chase & Co. (NYSE: JPM). (FT)

“Iron Man 3” is expected to greatly help the earnings of Walt Disney Co. (NYSE: DIS). (FT)

Gold prices have their biggest drop in 30 years, but that does not dissuaded some investors. (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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