Media Digest (12/19/2011) Reuters, WSJ, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Fitch is skeptical that European Union officials can solve the sovereign debt crisis. (Reuters)

The rising U.S. deficit could undermine health care reforms. (Reuters)

The S&P 500 may not close in the black for the year. (Reuters)

The patent battle between Samsung and Apple (NASDAQ: AAPL) in Germany escalates. (Reuters)

Saudi billionaire Prince Alwaleed bin Talal buys a $300 million stake in Twitter. (Reuters)

Exxon Mobil (NYSE: XOM) may try to take over Gulf Keystone Petroleum for $10.9 billion. (Reuters)

The Federal Reserve likely will accept Basel reforms requiring U.S. banks to hold more capital. (WSJ)

Apple (NASDAQ: AAPL) to increase its commitment to enter the TV business. (WSJ)

An attempt by AT&T (NYSE: T) to sell assets to get approval of T-Mobile has faltered. (WSJ)

Eastman Kodak (NYSE: EK) has little success selling patents that it needs to stay out of bankruptcy. (WSJ)

Manpower Group expects hiring to increase next quarter. (WSJ)

The House will not support a key payroll tax bill. (WSJ)

Fitch says it will try to signal the threat of downgrades before they happen. (WSJ)

Apple to stop accepting apps until after Christmas. (NYT)

The head of the European Central Bank, Mario Draghi, says the break up of the eurozone is still possible. (FT)

China to allow more investors to invest in companies that trade on its stock markets. (FT)

The watch dog that oversees Fannie Mae and Freddie Mac will join the New York Attorney General in a probe of bank mortgages paper sales. (FT)

EU leaders will seek IMF capital to quell concerns over the region’s financial crisis. (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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