Media Digest (11/22/2011) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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Hewlett-Packard (NYSE: HPQ) posts mediocre earnings but says it hopes to steady its businesses over the balance of the year. (Reuters)

Store chains will have to offer large discounts to lure shoppers. (Reuters)

Samsung says it is in negotiations with Google (NASDAQ: GOOG) to launch a TV project. (Reuters)

AT&T (NYSE: T) says hackers tried to break into wireless accounts. (Reuters)

Bank of America (NYSE: BAC) could face government enforcement action if it cannot improve its financials. (WSJ)

MF Global may be short $1.2 billion in terms of money gone from customer accounts. (WSJ)

The Commerce Department says U.S. firms recently fired American workers in favor of Asia employees. (WSJ)

Home sales grow but prices fall in October. (WSJ)

Germany’s central bank lowers growth forecasts. (WSJ)

Netflix (NASDAQ: NFLX) will raise $400 million in cash to pay for new content. (WSJ)

Slow car sales in China likely will increase fights for market share among major global manufacturers. (WSJ)

KKR (NYSE: KKR) will spend $7.2 billion to buy oil and gas firm Samson Investment. (WSJ)

Big companies are both cutting workers and increasing share buybacks. (NYT)

The head of the U.S. Postal Service wants more power to cut costs. (NYT)

As U.S. banks lose the ability to trade for their own accounts, the restrictions may halt their ability to buy eurozone debt, which may push yields on that paper even higher. (FT)

Banks in China are concerned that property prices there have dropped. (FT)

The E&Y Renewable Energy Country Attractiveness Index shows investment has moved from the U.S. and EU to emerging nations. (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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