Media Digest (9/15/2011) Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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UBS (NYSE: UBS) trader loses $2 billion in unapproved trades. (Reuters)

The head of the World Bank says the global economy has entered a danger zone. (Reuters)

General Motors (NYSE: GM) and Chrysler extend talks with the UAW. (Reuters)

Government officials say the EU may reach a credit crunch. (Reuters)

Reuters poll: economists think there is a one-in-three chance the economy will hit a recession. (Reuters)

Groupon’s IPO is back on schedule. (Reuters)

Microsoft’s (NASDAQ: MSFT) new products get no support from Wall St. (Reuters)

Facebook delays its IPO until late 2012. (Reuters)

Avis (NASDAQ: CAR) drops its bid for Dollar Thrfty (NYSE: DTG); Hertz (NYSE: HTZ) will not buy the company. (Reuters)

Head of Nasdaq (NASDAQ: NDAQ) again objects to merger of NYSE (NYSE: NYX) and Deutsche Boerse. (Reuters)

More clients leave EU banks for U.S. ones. (WSJ)

SEC expands its examination of mortgage-backed securities. (WSJ)

U.S. banks begin to loan money to companies with lower credit ratings. (WSJ)

U.S. manufacturing losing steam again. (WSJ)

Sharp says it would lower targets for tablet PC sales. (WSJ)

Aol (NYSE: AOL), Yahoo! (NASDAQ: YHOO) and MSN (NASDAQ: MSFT) to sell advertising as a group to combat Google (NASDAQ: GOOG). (WSJ)

SAIC (NYSE: SAI) cleared of insider trading violations. (WSJ)

Gulf drilling increases again. (WSJ)

Verizon (NYSE: VZ) says Irene cost it $250 million. (WSJ)

The College Board says SAT scores dropped in all but three states. (WSJ)

Italy approves austerity plans. (WSJ)

Toyota (NYSE: TM) joins U.S. universities in safety studies. (WSJ)

Honda (NYSE: HMC) to push its hybrid cars in China. (WSJ)

New companies cut start-up staffs in half. (WSJ)

Most U.S. IPO listings from this year are underwater. (WSJ)

Germany and France say they expect Greece to stay in the eurozone. (NYT)

China wants to improve trade relationships with the EU if it buys government debt from nations in the region. (NYT)

U.S. mortgage applications rise as rates fall. (FT)

Ebay (NASDAQ: EBAY) to expand it payment options. (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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