Media Digest (4/24/2012) Reuters, WSJ, NYT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Facebook reports that its revenue grew to more than $1 billion and its membership to 900 million. (Reuters)

Microsoft (NASDAQ: MSFT) sells some of the patents it bought from AOL (NYSE: AOL) to Facebook for $550 million. (Reuters)

Netflix (NASDAQ: NFLX) earnings and projections fail to impress Wall St., which pushed shares down by nearly 15%. (Reuters)

Dow AgroSciences may produce weed-resistent corn. (Reuters)

Google (NASDAQ: GOOG) may launch an online storage system to compete with Dropbox. (Reuters)

Yahoo! Japan my buy back shares from Yahoo! (NASDAQ: YHOO). (Reuters)

An ITC judge says Microsoft violated some of Motorola Mobility (NYSE: MMI) patents. (Reuters)

Several investment banks will cut employment as deal volume falls. (WSJ)

Social Security and Medicare will run through funds faster than previously expected. (WSJ)

General Motors (NYSE: GM) CEO Ackerson says he will stay as long as the board will have him. (WSJ)

The smartphone business increasingly becomes a race between Apple (NASDAQ: AAPL) and Samsung. (WSJ)

United Continental (NYSE: UAL) to buy 100 737s from Boeing (NYSE: BA). (WSJ)

Jana Partners buys 12% of Barnes & Noble (NYSE: BKS). (WSJ)

Verizon’s (NYSE: VZ) earnings press AT&T (NYSE: T) and Sprint-Nextel (NYSE: S) to do similarly well. (WSJ)

Mexican government officials question the operations of state-owned oil firm Pemex. (NYT)

China’s largest banks are challenged to find more capital. (NYT)

More and more EU officials react badly to Angela Merkel’s stand on austerity. (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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