Media Digest (1/6/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Former Olympus CEO Michael Woodford will sue the troubled company for wrongful dismissal. (Reuters)

The International Monetary Fund’s Lagarde says 2012 will not see the end of the euro. (Reuters)

MF Global’s trustee will not hand over some documents about the collapsed firm to regulators. (Reuters)

Samsung’s profits in Q4 are driven up by handset sales. (Reuters)

General Motors (NYSE: GM) to reinforce Volt battery casings. (Reuters)

Toyota (NYSE: TM) to target 10% growth in China this year. (Reuters)

George Soros says a breakup of the euro would be a disaster. (Reuters)

LG says it set a partnership with Google (NASDAQ: GOOG) to launch Google TV. (Reuters)

Use of Siri causes the new iPhone to double its data consumption. (Reuters)

Yahoo! (NASDAQ: YHOO) will decide whether to engineer a spin-out that may save it $4 billion in taxes. (WSJ)

The U.S. office market slightly improves in Q4. (WSJ)

BMW is the top luxury car company in America, based on 2011 sales. (WSJ)

The military will downsize considerably under a new Obama plan. (WSJ)

California Governor Jerry Brown hopes to close a $9.2 billion budget gap with cuts to social services. (WSJ)

A recession in Europe raises more worries that its finances will become a larger problem. (WSJ)

Alcoa (NYSE: AA) will close some aluminum-smelting capacity because of slow demand. (WSJ)

Boeing (NYSE: BA) lags Airbus in 2011 sales. (WSJ)

Shares soar after Dendreon (NASDAQ: DNDN) says its made advances in development of its Provenge prostate-cancer. (WSJ)

China will curtail plans that help foreign car makers in order to help locals. (WSJ)

PC firm Lenovo will reset how it is organized geographically. (WSJ)

The IMF may set stress tests for Japan’s banks (WSJ)

Financial firms will sell $12 billion in bonds this week. (WSJ)

The top 1% of mobile users consumer half of all bandwidth. (NYT)

Holders of U.S. mortgage bonds may report large losses as banks settle mortgage paper charges with the government. (FT)

HTC sees its first profit drop in two years. (Bloomberg)

Audi plans to increase sales substantially in the U.S. (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.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618