Media Digest (5/3/2012) Reuters, WSJ, FT, Bloomberg

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By Douglas A. McIntyre Published
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The European Central Bank will not act to help growth in the region, but it will seek solutions to Spain’s problems. (Reuters)

Nokia (NYSE: NOK) promises to build new handsets to stimulate demand. (Reuters)

Results in Asia help BMW earnings. (Reuters)

Oracle (NASDAQ: ORCL) balks at a settlement with Hewlett-Packard (NYSE: HPQ) as they wrangle over which company holds IP to an important chip. (Reuters)

The shale boom causes an increase in the burning of environmentally harmful waste gas. (Reuters)

China, Japan and South Korea will increase investments among themselves in the bonds of the other nations. (Reuters)

Amazon.com (NASDAQ: AMZN) to create original video programs for its movie service. (Reuters)

Natural gas drilling has dropped, which may push prices higher. (WSJ)

Carlyle cuts the price of its initial public offering. (WSJ)

Hawker Beechcraft may file for Chapter 11. (WSJ)

The judge in a suit against BP (NYSE: BP) says that a trial will continue as the UK settles claims for the Gulf spill. (WSJ)

The head of AT&T (NYSE: T) says the government’s failure to allow a deal with T-Mobile will cost customers money. (WSJ)

India to further cut oil imports from Iran. (WSJ)

Wynn (NASDAQ: WYNN) receives permission to build a new casino in Macau, but many of its competitors have already started to build. (WSJ)

Green Mountain Coffee Roasters (NASDAQ: GMCR) shares are hit by poor earnings. (WSJ)

Time Warner’s (NYSE: TWX) CNN losses audience as the viewership of MSNBC and Fox grows. (WSJ)

Research In Motion (NASDAQ: RIMM) launches several models of its new BlackBerry as the company presses for a turnaround. (WSJ)

EU finance ministers do not reach agreement on new bank capital rules. (WSJ)

Canada’s pipeline companies to shift the flow of oil to the east coast. (WSJ)

Target (NYSE: TGT) will stop selling the Amazon Kindle. (FT)

Shares of Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A) are running behind the S&P for the third year in a row. (Bloomberg)

One key to Samsung’s successful competition with Apple (NASDAQ: AAPL) in the smartphone race is products with different screen sizes. (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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