Media Digest (9/6/2011) Reuters, WSJ, NY Times, FT, Bloomberg

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By Douglas A. McIntyre Published
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Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C) may settle charges made by several states over “robo-signing” practices. (FT)

Lockheed Martin (NYSE: LMT) will try to increase arms deals overseas to offset cuts in U.S. budgets. (Reuters)

Dell (NASDAQ: DELL) and Baidu (NASDAQ: BIDU) to form a joint venture to sell tablets and smartphones. (Reuters)

Apple (NASDAQ: AAPL) to open a new store in Hong Kong. (Reuters)

Deutsche Telekom may not get its entire break-up fee if AT&T (NYSE: T) cannot buy T-Mobile. (Reuters)

Greece may ask the EU to allow its bailout to expire in 2012, a year early, to cover rising deficits. (Kathimerini)

PepsiCo (NYSE: PEP) to extend its marketing deal with the NFL at a cost of $2.3 billion. (WSJ)

Apple may offer its 3G iPad 2 in China soon. (WSJ)

Amazon.com (NASDAQ: AMZN) to overhaul its website as it prepares to launch a tablet PC. (WSJ)

Joseph Akermann, head of Deutsche Bank (NYSE: DB), says German banks may have to take large write-offs on Greek and other sovereign debt that would cause them to cut costs. (WSJ)

German courts to determine the legality of the country’s contribution to area bailouts. (WSJ)

World Bank President Robert Zoellick says China must be concerned about inflation above all of its other economic priorities. (WSJ)

Consulting firm Hay Group says the pick-up in retail employee additions will be weak this year. (WSJ)

A study by the University of Miami School of Business Administration and Duke University’s Fuqua School of Business shows CEOs are more likely to be fired for poor performance than in the past. (WSJ)

Samsung takes down a display for its tablet, as a court tells the company that it could not sell the product in Germany. (WSJ)

Netflix (NASDAQ: NFLX) to expand into Latin America. (NYT)

Honda (NYSE: HMC) to recall one million cars. (NYT)

Gold prices reach a new high. (FT)

U.S. corporate pensions are underfunded by $338 billion. (FT)

Deutsche Telekom says it will work with regulators to remove roadblocks to an AT&T deal. (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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