Financial News Digest: Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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Volkswagen may have a compensation agreement with 100,000 workers. (Reuters)

The European Union asks telecom companies about Apple Inc.’s (NASDAQ: AAPL) competitive actions against other smartphone companies. (Reuters)

Hon Hai and Mozilla will release a mobile device based on their browser. (Reuters)

EU-based energy companies are changing from facilities that use coal to those that use wood, some of which comes from the United States. (WSJ)

The ability of the United States to produce more oil causes fighting among OPEC members. (WSJ)

EU banks begin to use reserves for lending, which is a sign the financial crisis effects slowly may be falling away. (WSJ)

Lower commodities prices help American company earnings. (WSJ)

Buzzfeed, Google Inc.’s (NASDAQ: GOOG) YouTube and Time Warner Inc.’s (NYSE: TWX) CNN will create a new video channel. (WSJ)

The rapid rise in compensation for China’s migrant workers cools. (WSJ)

Hon Hai, which owns Foxconn, will build its own consumer electronics products as Apple’s slowing appetite for its parts hurts sales. (WSJ)

Sony Corp.’s (NYSE: SNE) problem with consumer product sales may drive it further into the insurance sales business. (NYT)

Bausch & Lomb sells itself to Valeant Pharmaceuticals International Inc. (NYSE: VRX) for $8.7 billion. (NYT)

Germany will not support EU sanctions on solar products from China. (FT)

Private investors raise their bets on U.S. biotech firms. (FT)

American investors increase commitments to balanced funds that can invest in equity or bonds. (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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