Media Digest (7/13/2011) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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China’s GDP grew at a 9.5% rate last quarter and the country increased inflation forecasts (Reuters)

Moody’s cut Ireland’s rating to junk (Reuters)

EU leaders may let Greece default (Reuters)

Netflix (NASDAQ: NFLX) raised most prices by 60% (Reuters)

Investors will watch Google’s (NASDAQ: GOOG) expense level after a busy quarter (Reuters)

Electronic Arts (NASDAQ: ERTS) bought PoPCap for $750 million (Reuters)

The UK parliament will vote against the News Corp (NYSE: NWS) takeover of BSkyB (Reuters)

EU banks have begun to prepare for the costs of defaults or write downs of the region’s bonds (WSJ)

Verizon (NYSE: VZ) has pressed it unions for concessions (WSJ)

The Bank of Japan raised estimates of a rebound (WSJ)

Research In Motion’s (NASDAQ: RIMM) board was reelected (WSJ)

Yahoo! (NASDAQ: YHOO) will try to use entertainment sites and popular blogs to increase traffic (WSJ)

M&A and buyouts have kept the junk bond market healthy (WSJ)

The EU says it will back banks that fail stress tests (NYT)

Carriers that felt threatened by Apple (NASDAQ: AAPL) and Google (NASDAQ: GOOG) Android may help RIM (NYT)

A U.S. Senator calls for an investigation into illegal activity by News Corp (FT)

News Corp has been pressured to reform its board (FT)

The cost of Italy’s debt offerings rose (FT)

Corn is being used more for ethanol than food (FT)

French banks face great risk from a Italian default (Bloomberg)

Spain may need deeper spending cuts to help its budget problem (Bloomberg)

JP Morgan (NYSE: JPM) and Citigroup (NYSE: C) will struggle to move revenue higher (Bloomberg)

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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