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Media

Media Digest (6/24/2011) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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The IEA and OPEC disagreed about the size of oil reserves. (Reuters)

Greece has an agreement with the EU and IMF along with new austerity plans. (Reuters)

A Reuters poll says most forecasters have dropped estimates for stock gains. (Reuters)

Oracle’s (NASDAQ: ORCL) hardware sales dropped and its shares fell after earnings. (Reuters)

The US government has started an antitrust investigation into Google’s (NASDAQ: GOOG) search share.  (Reuters)

JP Morgan (NYSE: JPM) has dropped a large number of lawsuits to recoup credit cars balances. (WSJ)

EU leaders prevented Greece from renegotiating loans. (WSJ)

Apple (NASDAQ: AAPL) was approved by the government to bid for Nortel patents. (WSJ)

EU bank stress tests will cause financial firms to more carefully account for the value of sovereign debt. (WSJ)

The Obama decision to release oil reserves was caused by high gas prices. (WSJ)

Lagarde said emerging economies would play a larger role in IMF decisions and policies. (WSJ)

Viacom (NYSE: VIA) sued Cablevision (NASDAQ: CVC) over an app the streams live TV. (WSJ)

Geely Automotive will open a second plant Volvo plant in China. (WSJ)

Airbus got a record 200 A320neo order from AirAsia. (WSJ)

Ford’s (NYSE: F) quality dropped in a new JD Power survey. (WSJ)

Nissan said it could make money on electric cars by 2014. (WSJ)

The Consumer Financial Protection Bureau picked six sectors which could be supervised by the agency. (WSJ)

Carlyle raised only $1 billion in an IPO which priced below expectations. (FT)

Oracle said M&A has become too costly. (FT)

Twitter plans to add more visible advertising. (FT)

The board of Yahoo! (NASDAQ: YHOO) said it supported CEO Carol Bartz (FT)

Facebook appointed the chief of NetFlix (NASDAQ: NFLX) to its board. (Bloomberg)

Sears Holdings Corp. plans to spin off its home improvement unit, Orchard Supply Hardware, as a separate publicly traded company. (various)

Apple (NASDAQ: AAPL) will launch the iPhone on China Mobile (NYSE: CHL) later this year. (various)

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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