Media Digest (2/22/2012) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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President Obama may propose a new corporate tax rate. (Reuters)

The U.S. Consumer Financial Protection Bureau will examine overdraft fees. (Reuters)

Apple (NASDAQ: AAPL) will hold its annual meeting with the company in the best shape in its history. (Reuters)

China and India to cut imports of Iranian oil. (Reuters)

Ford (NYSE: F) puts $3.8 billion into its pension funds. (Reuters)

Proview Technology will try to stop the sales of iPads in Shanghai as a part of its trademark disagreement with Apple. (Reuters)

The Business Software Alliance attacks Brazil and China for policies that undermine cloud computing. (Reuters)

Shares of Alibaba.com rise on news its parent will go private. (Reuters)

President Obama may drop the corporate tax maximum from 35% to 28% but kill a number of loopholes. (WSJ)

Citigroup (NYSE: C) may have to take a multibillion dollar write-down on its investment in Morgan Stanley Smith Barney. (WSJ)

Comcast (NASDAQ: CMCSA) to launch a competitor to Netflix (NASDAQ: NFLX). (WSJ)

The FHFA’s inspector general attacks legal fees for Fannie Mae and Freddie Mac, which have reached $100 million. (WSJ)

Rural regions have low population growth over the past decade due to a lack of new jobs. (WSJ)

Dunkin’ Donuts (NASDAQ: DNKN) and Starbucks (NASDAQ: SBUX) join the battle for India’s coffee drinkers. (WSJ)

Fitch cuts the rating of JCPenney (NYSE: JCP). (WSJ)

The Research In Motion (NASDAQ: RIMM) PlayBook adds new email applications. (NYT)

Greece has nine days to reach austerity goals. (FT)

PSA Peugeot Citroën and General Motors (NYSE: GM) may set a car-building alliance in Europe. (FT)

Floods in Thailand hurt Dell’s (NASDAQ: DELL) earnings. (FT)

Goldman Sachs (NYSE: GS) cuts its forecast for commodities prices but keeps those for oil and gold high. (Bloomberg)

Data from HSBC (NYSE: HBC) and Markit show contraction in the Chinese manufacturing sector in February. (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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