Media Digest (6/17/2011) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Research In Motion (NASDAQ RIMM) shares were badly hurt due to weak earnings and an anemic forecast.  (Reuters)

Capital One will buy ING’s online unit for $9 billion. (Reuters)

Oracle (NASDAQ: ORCL) has sued Google (NASDAQ GOOG) for billions of dollars. (Reuters)

Hackers could attack the software most critical to China’s infrastructure. (Reuters)

The SEC may charge credit ratings agencies for their role in the credit crisis. (WSJ)

Facebook has moved into the mobile app business. (WSJ)

Ackman may have an IPO of his new fund. (WSJ)

Ford (NYSE: F) pushed its Asia plans. (WSJ)

AARP dropped its opposition to Social Security cuts. (WSJ)

The Senate voted to kill ethanol subsidies. (WSJ)

Alibaba will break up its e-commerce unit–another potential blow to Yahoo! (NASDAQ: YHOO). (WSJ)

New Airbus orders hurt Boeing’s (NYSE: BA) prospects. (WSJ)

It will take a long time for RSA to replace SecurID. (WSJ)

Toyota (NYSE: TM) will have full North American production by fall. (WSJ)

Prada and Samsonite IPOs did badly. (WSJ)

The IEA said high oil prices are a huge economic risk. (WSJ)

With profits down, Wall St. faces layoffs. (NYT)

US companies are key to rebuilding Iraq’s oil fields. (NYT)

Thirty of the world’s largest banks will probably have to add to capital. (FT)

Greece must pass new austerity measures to get loans. (FT)

Corrupt officials took $124 billion out of China. (FT)

Douglas A. McIntyre

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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