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Media

Media Digest (3/22/2012) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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Goldman Sachs (NYSE: GS) tries to end a legal case concerning fraud in its CDO sales. (Reuters)

China’s factory activity slows, as evidenced by the HSBC flash PMI of 48.1, a low reading. (Reuters)

A Brazilian court brings charges against Chevron (NYSE: CVS) and Transocean (NYSE: RIG) over an oil spill. (Reuters)

The inspector general at the Federal Housing Finance Agency finds fault with Fannie Mae and Freddie Mac for spending lavishly on an industry conference. (Reuters)

Royal Dutch Shell (NYSE: RDS-A) receives permission to drill for shale gas in China. (Reuters)

The Joint Committee on Taxation says the so-called Buffett bill would not raise as much money as anticipated as the rich would often find ways around the levy. (WSJ)

Deutsche Bank (NYSE: DB) changes the structure of its U.S. operation to skirt Dodd-Frank rules. (WSJ)

Hartford Financial (NYSE: HIG) to leave the annuity business. (WSJ)

Jim Skinner, CEO of McDonald’s (NYSE: MCD), to retire. (WSJ)

The U.S. is running out of storage facilities for natural gas. (WSJ)

Gary Pruitt, CEO of McClatchy (NYSE: MNI), will become the CEO of the Associated Press. (WSJ)

Verizon (NYSE: VZ) and Comcast (NASDAQ: CMCSA) defend the right of telecoms to buy spectrum from cable companies. (WSJ)

Microsoft (NASDAQ: MSFT) says China still blocks sales of some of its products, including versions of its Xbox. (WSJ)

The Consumer Financial Protection Bureau says student loans now total more than $1 trillion. (WSJ)

German politicians intend to balance its budget in two years. (WSJ)

Watson Pharmaceuticals (NYSE: WPI) will buy Actavis for $5.9 billion in a consolidation of the generics industry. (WSJ)

Morgan Stanley (NYSE: MS) and Citigroup (NYSE: C) may speed plans for the brokerage to take over Morgan Stanley Smith Barney. (WSJ)

Bernanke and Geithner praise the financial progress of Europe in testimony before Congress. (NYT)

Homebuilder stocks reach a two-year high as it appears the housing market may have stabilized. (NYT)

Alaska will support a $40 billion gas line project to transport liquid natural gas. (FT)

Jaguar may invest $3 billion in Chinese car company Chery. (Bloomberg)

The head of airline Emirates says more airlines will falter because of fuel prices. (Bloomberg)

Japan posts a trade surplus. (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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Fitch said a voluntary roll-over of Greece sovereign debt would be viewed as a default. (Reuters) This week is critical…
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Media Digest (3/12/2012) Reuters, WSJ, NYT, FT, Bloomberg

The economy of Appalachia may be helped by natural gas and chemical plants. (Reuters) The People’s Bank of China will…
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Media Digest 7/30/2010 Reuters, WSJ, NYTime, FT, Bloomberg

Reuters:   Second quarter growth slowed on imports and lower consumer spending. Reuters:   Republicans blocked a small business plan. Reuters:   The…
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Media Digest (7/20/2012) Reuters, WSJ, NYT, FT, Bloomberg

Eurozone officials set final terms for a bailout of Spain’s banks. (Reuters) Marissa Mayer will receive as much as $70 million to…
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Media Digest (1.7.2011) Reuters, WSJ, NYT, FT, Bloomberg

The Administration wants to cut $78 billion from the defense budget. (Reuters) Facebook has substantial profits. (Reuters) Starbucks (NASDAQ: SBUX)…
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Media Digest 4/14/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Daimler kept its earnings and dividend outlook for 2010. Reuters:   American International Group (NYSE: AIG) raised $2 billion thought…
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Media Digest (12/14/2011) Reuters, WSJ, NYTimes, FT, Bloomberg

A CME (NASDAQ: CME) executive says Jon Corzine knew about money that MF Global transferred to European accounts. (Reuters) Accounting problems…
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Media Digest (12/9/2010) Reuters, WSJ, NYT, FT, Bloomberg

Seventeen billionaires including Facebook co-founders Mark Zuckerberg and Dustin Moskovitz have agreed to pledge most of their money to charity. (www.thegivingpledge.org) (Reuters)…

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