Media Digest (5/20/2013) Reuters, WSJ, NY Times, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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The drop in the budget deficit puts less pressure on a compromise by the White House and Congress over the federal deficit. (Reuters)

Yahoo! Inc.’s (NASDAQ: YHOO) board approves a $1.1 billion cash deal for Tumblr. (Reuters)

Chesapeake Energy Corp. (NYSE: CHK) appoints an executive from competitor Anadarko Petroleum Corp. (NYSE: APC) to be its new CEO. (Reuters)

The European Union says that Chinese companies ZTE and Huawei have violated trade practices. (Reuters)

The Boeing Co. (NYSE: BA) 787 Dreamliner has a number of problems beyond its batteries. (WSJ)

Increases in credit availability help China’s real estate prices rise. (WSJ)

The new Microsoft Corp. (NASDAQ: MSFT) Xbox will have features to help it compete with smartphones in the game industry. (WSJ)

Storm Sandy should help the earnings of Home Depot Inc. (NYSE: HD) and Lowe’s Companies Inc. (NYSE: LOW). (WSJ)

“Star Trek into Darkness” grosses $70.8 million in North America over the weekend. (WSJ)

The Chinese military once again engineers hacks of U.S. companies. (NYT)

SAC Advisors chief Steve Cohan receives a subpoena to testify in an insider trading probe, but he may plead the Fifth Amendment. (NYT)

The European Union probably will set plans to catch tax evaders as a means to bring in money for struggling governments. (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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