Media Digest (9/12/2011) Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Carol Bartz resigns from Yahoo!’s (NASDAQ: YHOO) board. (Reuters)

Lagarde disputes reports of an IMF study that shows a $372 billion capital shortfall among Europe’s banks. (Reuters)

Bank of America’s (NYSE: BAC) CEO will speak on his vision for the bank. (Reuters)

Bank stocks continue to pull down Europe’s stock markets. (Reuters)

WellPoint (NYSE: WLP) and IBM (NYSE: IBM) create a venture to provide electronic medical record services. (Reuters)

Amazon.com (NASDAQ: AMZN) may launch a digital book library. (WSJ)

Procter & Gamble (NYSE: PG) focuses on markets for consumers who want cheap products. (WSJ)

Large banks in France face credit agency downgrades for holding of Greek paper. (WSJ)

A partnership between VW and Suzuki may end. (WSJ)

Advertising spending begins to slow. (WSJ)

Greek government to institute a new property tax to close its budget deficit. (WSJ)

Inflation could badly damage India’s economy. (WSJ)

Cargill recalls more ground turkey products. (WSJ)

High e-book prices boost publisher margins. (WSJ)

Strong BlackBerry demand in Asia lifts Research In Motion’s (NASDAQ: RIMM) sales. (WSJ)

Intel (NASDAQ: INTC) and Microsoft (NASDAQ: MSFT) will try to show they can pick up market share in the mobile markets. (WSJ)

Alibaba begins to increase its business units in China and to enter the U.S. market. (WSJ)

Currencies of nations in emerging markets face sharp sell-offs. (WSJ)

Thai government moves to increase the price of rice. (WSJ)

Hackers succeed at breaking digital security certificates. (NYT)

UK bank reform could cost the industry $10 billion a year. (FT)

Jaime Dimon of JPMorgan Chase (NYSE: JPM) says new bank rules are “anti-American.” (FT)

General Motors (NYSE: GM) plans for Opel to compete in the high end of the market. (FT)

Verizon (NYSE: VZ) will not rule out closer ties to Vodafone (NASDAQ: VOD). (FT)

Fitch lowers its rating of Toyota (NYSE: TM) to A from A+ (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.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618