Media Digest (5/15/2012) Reuters, WSJ, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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The president of Greece cannot create a coalition government. (Reuters)

Sony (NYSE: SNE) and Panasonic may force a partnership to build OLED TVs. (Reuters)

Trouble at Chesapeake Energy (NYSE: CHK) may prompt low-ball bids for many of the its assets. (Reuters)

New data from the government will show the extent to which people over 55 cannot find jobs. (Reuters)

Coty withdraws its $10.7 billion offer for Avon (NYSE: AVP). (Reuters)

Facebook raises the target of its IPO to $34 to $38, which could push a valuation as high as $106 billion. (WSJ)

LightSquared files for Chapter 11. (WSJ)

The chairman of Best Buy (NYSE: BBY) steps down over governance violations. (WSJ)

Investors are upset that Chesapeake had to take a $3 billion loan. (WSJ)

Baidu (NASDAQ: BIDU) to offer a low-cost smartphone. (WSJ)

Eurostat says EU industrial production fell in the March. (WSJ)

California governor Jerry Brown shows a series of planned cuts as projections for the state’s deficit rise to $15.7 billion. (WSJ)

Nvidia (NASDAQ: NVDA) and Intellectual Ventures buy 500 patents as the chip maker girds for patent wars. (WSJ)

JCPenney (NYSE: JCP) CEO Ron Johnson may be unable to work the same magic he did at Apple (NASDAQ: AAPL) stores. (WSJ)

JP Morgan (NYSE: JPM) CEO Jamie Dimon encourages a culture of risk at the bank. (WSJ)

Facebook still faces the question of how well it can do with smartphones. (FT)

Some EU officials would like to see eased terms of Greece’s austerity commitments. (Bloomberg)

A chip supply shortage could hurt smartphone sales. (Bloomberg)

Apple may launch a thin laptop powered by Intel (NASDAQ: INTC) chips. (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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