Media Digest (12/28/2011) Reuters, WSJ, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Obama nominates Jeremy Stein and Jerome Powell to take seats at the Federal Reserve. (Reuters)

New York Times (NYSE: NYT) sells its regional media group for $143 million. (Reuters)

The U.S. Treasury declines to label China a currency manipulator. (Reuters)

Research firm ForeSee says that Gap (NYSE: GPS) and Netflix (NASDAQ: NFLX) have poor online service. (Reuters)

Data shows that consumer confidence is up while home prices fall. (Reuters)

General Electric (NYSE: GE) buys MetLife’s (NYSE: MET) online bank. (Reuters)

A plan to revive Sears Holdings (NASDAQ: SHLD) falters as holiday sales drop and the firm says it will close up to 120 stores. (WSJ)

Two KKR (NYSE: KKR) executives resign from the board of Eastman Kodak (NYSE: EK). (WSJ)

Samsung and Sharp agree to fines for price fixing — charges were brought by New York state. (WSJ)

A drop in housing prices could hurt the U.S. jobs market. (WSJ)

Two-thirds of companies that went public in the U.S. this year trade below their IPO prices. (WSJ)

A U.S. judge sets aside a previous decision that would prevent BP (NYSE: BP) from drilling in Alaska. (WSJ)

China cuts its export expectations for rare earths for next year. (WSJ)

The SEC may get a federal appeals court to consider its blocked settlement with Citigroup (NYSE: C) over fraud charges. (WSJ)

Banks put 412 billion euros with the European Central Bank over Christmas. (FT)

The Carlyle Group returns $15 billion to investors so far this year. (FT)

Oil prices rise as Iran threatens to curtail shipments. (FT)

Apple (NASDAQ: AAPL) shareholders may be hurt by a series of patent wars. (Bloomberg)

A pending deal to merge NYSE Euronext (NYSE: NYX) and Deutsche Boerse gets an extension from regulators. (Bloomberg)

Internet IPOs could hit a level in 2012 not seen since 1999. (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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