Media Digest (3/16/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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The U.S. will tap its Strategic Energy Reserve as a way to bring down gasoline prices. (Reuters)

A large rise in iPad sales helps drive Apple’s (NASDAQ: AAPL) shares to new highs. (Reuters)

The SEC and Citigroup (NYSE: C) may win an appeal of their fraud settlement case. (Reuters)

The S&P 500 rises above 1,400 for the first time since the credit crisis. (Reuters)

Geithner says the economy is improving but oil prices are worrisome. (Reuters)

Facebook calls in bankers for a pre-IPO briefing. (Reuters)

SAP (NYSE: SAP) to move into the database software business. (Reuters)

Major components of the new iPad were made by Qualcomm (NASDAQ: QCOM) and Samsung. (Reuters)

Goldman Sachs (NYSE: GS) and other banks may buy AIG’s (NYSE: AIG) toxic assets. (WSJ)

The U.S. and EU will examine Google’s (NASDAQ: GOOG) move to bypass privacy settings in the Apple Safari browser. (WSJ)

AMR is concerned that as it stays in Chapter 11 it may be taken over or broken up. (WSJ)

Chevron (NYSE: CVX) says oil is leaking in a well off Brazil. (WSJ)

A large boom in shale gas cuts back U.S. plans for more nuclear reactors. (WSJ)

Ford (NYSE: F) extends a $9 billion credit line until 2012. (WSJ)

Sprint Nextel (NYSE: S) to end its partnership with troubled LightSquared. (WSJ)

The CFTC will increase its monitoring of rapid trades. (NYT)

Analysts raise price targets for Apple because of iPad sales. (FT)

Italy pays Morgan Stanley (NYSE: MS) $3.4 billion to exit a bet on the nation’s interest rates. (Bloomberg)

Moody’s cuts Nomura to its lowest rating grade. (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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