Media Digest (1/9/2012) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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http://platform.twitter.com/widgets/hub.1324331373.htmlThe U.S. may start legal proceedings against Swiss financial firm Wegelin & Co. based on beliefs that it helped shield Americans from taxes. (Reuters)

The EPA may send fresh water to communities close to fracking sites. (Reuters)

The International Monetary Fund says that Europe may avoid a 2012 recession, but that some areas are in deep trouble. (Reuters)

China may create a large ministry to oversee the nation’s energy. (Reuters)

Merkel and Sarkozy will meet to discuss ways to stimulate job growth in Europe. (Reuters)

The euro reaches a 16-month low against the dollar. (Reuters)

Olympus is close to a delisting from the Tokyo stock exchange. (Reuters)

Lions Gate (NYSE: LGF) is about to buy Summit, which created the Twilight series. (Reuters)

Pay cuts on Wall St. will be large for 2012. (WSJ)

Detroit car companies have begun to introduce new models to fight back against Japanese and European brands. (WSJ)

Unemployment problems are likely to last many years in the U.S. (WSJ)

Occupancy rates at malls saw a small improvement late last year. (WSJ)

BMW claims it will outperform the car market next year. (WSJ)

Weight Watchers (NYSE: WTW) will begin to market to men and to the Chinese. (WSJ)

General Motors (NYSE: GM) says Volt production will meet demand, but did not say what the demand is. (WSJ)

Time Warner’s (NYSE: TWX) Warner Bros. will delay DVD releases for eight weeks after theater release, up from four weeks. (WSJ)

The Canadian government to begin deliberations on a pipeline to run from its oil sands areas to the Pacific ocean. (WSJ)

Venezuela may stop working with the World Bank’s tribunal, which would leave billions of dollars in disputes in limbo. (WSJ)

Microsoft (NASDAQ: MSFT) says it will rely on Intel (NASDAQ: INTC) less for product platforms, but that may be challenged by the software firm’s problems in mobile devices. (WSJ)

Bristol-Myers (NYSE: BMY) to buy hepatitis C drug-developer Inhibitex (NASDAQ: INHX) for $2.5 billion. (WSJ)

RHR International, a research firm, says more CEOs feel under pressure to deliver short-term results. (WSJ)

A European Central Bank meeting likely will not yield any aid for nations in the region that are part of the financial crisis. (WSJ)

A slowdown of trading will hurt Wall St. Q4 results. (WSJ)

Ford (NYSE: F) will gamble on its mid-sized Fusion to beat Japanese competition. (NYT)

Germany is unlikely to offer more money for bailouts as its belief in effective austerity grows. (NYT)

The oversight panel of the Basel Committee on Banking Supervision says some banks may be able to drop below capital requirements. (NYT)

The UK may still give the IMF a large sum, intended mostly for a bailout of some eurozone nations. (FT)

S&P 500 earnings growth likely will stumble. (FT)

The ECB could cut interest rates much as the Federal Reserve did. (Bloomberg)

A strong export economy helps keep Germany out of recession. (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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