Media Digest (10/4/2011) Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Published
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World stock markets hit 15-month lows. (Reuters)

Apple (NASDAQ: AAPL) to launch the iPhone 5 as competition grows from Google’s (NASDAQ: GOOG) Android. (Reuters)

China warns of a trade war if Congress passes a currency manipulation bill. (Reuters)

Greek debt holders may have to take more write-downs than planned. (Reuters)

Greece faces a nearly impossible task to turn around its economy. (Reuters)

Apple rejects a deal with Samsung to end their battle over tablet PCs in Australia. (Reuters)

Hewlett-Packard (NYSE: HPQ) completes acquisition of Autonomy. (Reuters)

UBS (NYSE: UBS) forecasts a Q3 profit. (Reuters)

Pharmaceutical Product Development (NASDAQ: PPDI) to go private. (Reuters)

U.S. stocks near bear territory. (WSJ)

Citigroup (NYSE: C) has trouble with the sale of the balance of its “bad bank” assets. (WSJ)

Sprint-Nextel (NYSE: S) will bet much of its future on a deal to distribute the iPhone. (WSJ)

A new federal program will allow people who lived in foreclosed homes to see if their banks acted properly. (WSJ)

AMR (NYSE: AMR) plunges on reports it may go bankrupt. (WSJ)

A new hormone may treat autism. (WSJ)

Adobe (NASDAQ: ADBE) to begin more work on cloud computing and a presence on tablets. (WSJ)

The White House approves plans for oil drilling north of Alaska. (WSJ)

The UK Treasury will buy bonds to help the economy. (WSJ)

September auto sales rise as expected. (WSJ)

The chief marketing officer at Target (NYSE: TGT), Michael Francis, to move to JCPenney (NYSE: JCP). (WSJ)

More criticism emerges about life insurance policies held as collateral for high interest loans. (WSJ)

Yum! Brands (NYSE: YUM) sales in China continue to rise rapidly. (WSJ)

Mitsubishi UFJ Financial Group, Morgan Stanley’s (NYSE: MS) largest shareholder, offers support of the company. (WSJ)

An increase in the EFSF bailout fund may not be enough to quell fears about EU debt. (WSJ)

Fannie Mae may have known about mortgage abuses earlier than previously believed. (NYT)

Yahoo! (NASDAQ: YHOO) sets a broad content deal with Disney’s (NYSE: DIS) ABC. (NYT)

Molycorp (NYSE: MCP) makes a rare earth discovery in California. (NYT)

Eurozone ministers meet to discuss budget problems in Greece. (FT)

Starbucks (NASDAQ: SBUX) asks people to contribute to a program to create jobs at other companies. (FT)

The EU may ask bondholders to take deep losses from a Greek restructuring. (Bloomberg)

Goldman Sachs (NYSE: GS) cuts global GDP forecasts and says it expects recessions in Germany and France. (Bloomberg)

Microsoft’s (NASDAQ: MSFT) Steve Ballmer receives half of his maximum bonus. (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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