Media Digest (5/8/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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The GAO says the government could make $15.1 billion on its AIG (NYSE: AIG) bailout investment. (Reuters)

Facebook CEO Mark Zuckerberg begins the company’s IPO road show. (Reuters)

Comscore says people spent more time on Facebook via mobile devices than on PCs during March. (Reuters)

Yahoo! (NASDAQ: YHOO) CEO Scott Thompson issues an apology to employees over a resume misstatement scandal as its board meets to determine his fate. (Reuters)

Gasoline prices fall for the fifth-consecutive week. (WSJ)

The political turmoil in Greece threatens to break its bailout agreement with Europe. (WSJ)

Walt Disney’s (NYSE: DIS) ABC News and Univision to start a 24-hour news channel broadcast in English. (WSJ)

Electronic Arts (NASDAQ: EA) stock is hurt as its delays launching important games. (WSJ)

The Ontario Teachers Pension Plan says it is opposed to Sprint-Nextel (NYSE: S) CEO Dan Hesse’s reelection to the board of the telecom firm. (WSJ)

Lenovo plans to develop products other than PCs. (WSJ)

A court says that Google’s (NASDAQ: GOOG) Android software violates Oracle’s (NASDAQ: ORCL) IP, but the financial damages likely will be light. (WSJ)

Regulators probably will approve a plan by Anadarko Petroleum (NYSE: APC) to drill 3,700 natural-gas wells in eastern Utah. (WSJ)

The Fed says consumer borrowing rose 10.2% in March. (WSJ)

Hollande of France and Merkel of Germany will meet to talk about the future of the eurozone. (WSJ)

The FAA will delay plans to upgrade fuel tanks on many airline planes. (WSJ)

A new wave of start-ups works on programs to upload personal videos to smartphones. (WSJ)

Spain will begin a new program to help the balance sheets of its troubled banks. (WSJ)

High-yield bond yields hit record lows. (WSJ)

Amazon.com (NASDAQ: AMZN) to sell high-end fashion products. (NYT)

The sales of used SUVs remain good as people move to more fuel-efficient new cars. (NYT)

Scientists begin to look at whether airline seats are strong enough for some heavy passengers. (NYT)

A failure of Greek parties to form a coalition may lead to a new round of elections. (FT)

Spain will have to spend billions of dollars to rescue weak banks. (FT)

Iran will take yuan as payment for oil. (FT)

A credit rating agency downgrade of Morgan Stanley (NYSE: MS) would prompt it to increase its collateral sharply. (FT)

Antitrust investigations against Google (NASDAQ: GOOG) in Europe expand. (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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