Media Digest (4/13/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Google (NASDAQ: GOOG) splits its stock in a way that will help its founders keep control, and the company also announces strong earnings. (Reuters)

China’s GDP reaches a three-year low. (Reuters)

Bank of America (NYSE: BAC) will sell a large group of foreclosed homes. (Reuters)

Bank of America’s CEO, Brian Moynihan, will have to testify in a lawsuit brought by MBIA (NYSE: MBI). (Reuters)

Microsoft (NASDAQ: MSFT) makes progress in adding cloud computing customers. (Reuters)

China’s growth rate drops to 8.1%. (WSJ)

Strong oil reserves worldwide make it less likely the Iran sanctions will lift crude prices higher. (WSJ)

Former Best Buy (NYSE: BBY) CEO Brian Dunn may have had a relationship with a female employee. (WSJ)

Kinder Morgan Energy Partners (NYSE: KMP) will put $5 billion into its mountain pipeline to move oil to Canada’s west coast; the oil will be sold to Asia. (WSJ)

BrightSource Energy withdraws its IPO, another example of problems in the solar industry. (NYT)

The Consumer Financial Protection Bureau will not block deals for credit card companies to charge upfront fees. (NYT)

The European Union wants programs to limit banker bonuses. (FT)

The European Central Bank says it would prefer to buy bonds to support the region over making loans to banks. (Bloomberg)

Apple (NASDAQ: AAPL) denies the Justice Department’s accusation that it colluded with book companies to set e-book prices. (Bloomberg)

Illumina (NASDAQ: ILMN) shares fall on fear Roche will withdraw a bid to buy the firm. (Bloomberg)

The U.S. Geological Survey says some earthquakes probably are tied to fracking. (Bloomberg)

The maker of Angry Birds is in talks with Baidu (NASDAQ: BIDU) to enter China. (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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