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

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By Douglas A. McIntyre Updated Published
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Data show that economic activity in Germany slowed sharply in the first quarter while France fell into recession. (Reuters)

Boeing Co. (NYSE: BA) starts to deliver the 787 Dreamliner again. (Reuters)

Amazon.com Inc.’s (NASDAQ: AMZN) efforts to get companies to use its cloud computing service begins to use outside consultants to make the case to corporations. (Reuters)

HSBC Holdings PLC (NYSE: HBC) plans to cut another $2 billion to $3 billion in costs by 2016. (Reuters)

Sony Corp. (NYSE: SNE) and Sharp must contend with shareholder and bond holder concerns about their futures. (WSJ)

The U.S. deficit falls below Congressional Budget Office estimates because of tax receipts, lower federal costs and dividends from firms such as Fannie Mae. (WSJ)

Wal-Mart Stores Inc. (NYSE: WMT) will start to improve safety at its Bangladesh suppliers. (WSJ)

Votes from shareholders show that Jamie Dimon of J.P. Morgan Chase & Co. (NYSE: JPM) is likely to hold both the chairman and CEO jobs. (WSJ)

Google Inc. (NASDAQ: GOOG) will start a streaming music business. (WSJ)

Blackberry (NASDAQ: BBRY) targets emerging markets with its new phones. (WSJ)

T-Mobile US Inc. (NYSE: TMUS) raises the price of the Apple Inc. (NASDAQ: AAPL) iPhone 5. (WSJ)

Governor Jerry Brown claims California will have a $1.1 billion surplus this year. (WSJ)

Data from China prompt some economists to cut growth forecasts. (WSJ)

Lockheed Martin Corp. (NYSE: LMT) CEO Marillyn Hewson presses critics of the F-35, saying many of the development troubles have improved. (WSJ)

Dell Inc. (NASDAQ: DELL) is expected to report lower-than-estimated profits. (WSJ)

The European Union is looking into charges that oil firms set published prices of crude. (WSJ)

Revenue growth at Cisco Systems Inc. (NASDAQ: CSCO) drops sharply recently. (WSJ)

The Justice Department claims Apple was a central player in e-book price fixing. (NYT)

China’s corporate debt market could match that of the United States in size. (FT)

Large Japanese carriers ANA Holdings and Japan Airlines are in talks with Airbus about the A350. (Bloomberg)

HSBC may cut 14,000 jobs. (Bloomberg)

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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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