Media Digest (12/26/2011) Reuters, WSJ, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Sony (NYSE: SNE) will sell its LCD business to Samsung for $940 million. (Reuters)

The yuan hits a high against the dollar and may gain 4% this year. (Reuters)

Amazon.com’s (NASDAQ: AMZN) program to sell Kindle devices may help it increase its lead in e-commerce just as online shopping surges. (Reuters)

The International Monetary Fund’s Lagarde says the global expansion is still under threat from sovereign debt problems and slow growth in developed nations. (Reuters)

France Telecom (NYSE: FTE) to sell its Swiss operations to Apax for 1.6 billion euros. (Reuters)

Banks begin to install systems to trade individual currencies of euro-area nations. (WSJ)

Japan and China reach agreements to increase economic ties. (WSJ)

Shareholders of NYSE Euronext (NYSE: NYX) lose some of their taste for a merger with Deutsche Boerse. (WSJ)

The release of more supplies of Johnson & Johnson’s (NYSE: JNJ) cancer drug Doxil may be delayed until the middle of next year. (WSJ)

Long-term UK bond yields hit multidecade lows. (FT)

Japan approves a $1.16 trillion budget. (FT)

Toyota (NYSE: TM) to build a new, smaller version of the Prius. (Bloomberg)

China may start its own credit rating agency. (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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