Financial News Digest: Reuters, WSJ, NY Times, FT

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By Douglas A. McIntyre Published
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Apple Inc’s (NASDAQ: AAPL) CEO Tim Cook says he expects the company to release more innovative devices. (Reuters)

Investors are worried about why the Procter & Gamble Co. (NYSE: PG) board did not handle its CEO succession well. (Reuters)

The investor groups that want to buy Dell Inc. (NASDAQ: DELL) will soon appeal their cases to shareholders. (Reuters)

The International Monetary Fund cuts its forecasts for Chinese growth and warns about growing debt loads. (Reuters)

Sprint Nextel Corp. (NYSE: S) sets a deal with the United States about security as it works on a buyout by Softbank. (WSJ)

Sears Holdings Corp. (NASDAQ: SHLD) tries to connect to consumer electric devices and other tech methods to raise sales, which has not worked. (WSJ)

Large investors in Caesars Entertainment Corp. (NASDAQ: CZR) want the company to restructure its debt. (WSJ)

Wal-Mart Stores Inc. (NYSE: WMT) pleads guilty to dumping hazardous material in California. (WSJ)

S&P/Case-Shiller data show that home prices rose 10.9% in a year, proof that housing may ignite broader economic growth. (NYT)

The European Union will soften is line on austerity and allow France, Spain and The Netherlands to move budget deficits higher than previously allowed. (FT)

Offensive posts on Facebook Inc.’s (NASDAQ: FB) site have driven away some advertisers. (FT)

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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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