Media Digest (3/9/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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The Fed is unlikely to act with bond purchases if February unemployment figures are good. (Reuters)

Low inflation in China could drive banks there to ease capital requirements to increase credit access. (Reuters)

Google (NASDAQ: GOOG) presses application developers to use its Google Wallet payment system. (Reuters)

Democrats in the Senate vote down a bill to start construction of the Keystone pipeline. (Reuters)

The Nikkei trades above 10,000, a key psychological barrier. (WSJ)

MF Global may still pay some executive bonuses. (WSJ)

Greece completes the swap of its bonds with private equity holders, pressing some holdouts to accept terms. (WSJ)

The New York Department of Labor says Wall St. jobs actually increased last year. (WSJ)

Bank of America (NYSE: BAC) reaches a deal with the federal government to reduce balances of as many as 200,000 mortgages. (WSJ)

United Continental (NYSE: UAL) will fund purchase of the Boeing (NYSE: BA) 787 with a bond issue. (WSJ)

UBM TechInsights says the cost to build the new Apple (NASDAQ: AAPL) iPad was $310, which gives the company a 51% gross margin. (WSJ)

The European Central Bank says it expects the euro area economy to contract. (WSJ)

The head of EADS says trouble between China and the European Union has cost his company $12 billion in sales. (WSJ)

Starbucks (NASDAQ: SBUX) will offer a single-shot coffee machine as it enters the fast-growing market. (WSJ)

Citigroup’s (NYSE: C) CEO Vikram Pandit gets a compensation package of $14.9 million for last year, despite a drop in earnings. (WSJ)

Natural gas prices reach a 10-year low. (WSJ)

Mortgage rates drop to near an all-time low. (WSJ)

Activist Daniel Loeb increases his attack on Yahoo!’s (NASDAQ: YHOO) board. (NYT)

Comcast (NASDAQ: CMCSA) says it will not offer Netflix (NASDAQ: NFLX) to its customers, a blow to the video rental operation. (NYT)

China’s inflation drops to 3.2%. (FT)

China attacks India on its cotton ban. (FT)

Emirate Airlines attacks Airbus over delays due to cracks in the wings of its A380 jumbo. (FT)

The China Association of Automobile Manufacturers says car sales in the first two months of the year fell 4.4% to 2.37 million, the biggest drop since 2005. (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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