Media Digest (5/18/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

G8 leaders will seek solutions to the EU crisis. (Reuters)

The Facebook IPO, priced at $38, will raise $16 billion. (Reuters)

A new poll shows Greeks favor pro-bailout leaders who will keep the country in the eurozone. (Reuters)

Verizon’s (NYSE: VZ) wireless operations will charge more for 4G data plans. (Reuters)

Hewlett-Packard (NYSE: HPQ) to cut its workforce by 25,000 to 30,000 people. (WSJ)

The United States sets duties on Chinese solar panels. (WSJ)

Gamestop (NYSE: GME) cuts its sales forecast. (WSJ)

Though Angela Merkel’s view of austerity for the region has been challenged recently, she appears to have no interest in changing her approach. (WSJ)

Twenty venture-backed U.S. firms are now valued above $1 billion. (WSJ)

The custodian of a group of New York City pension funds wants shareholders to vote against two directors on the Chesapeake Energy (NYSE: CHK) board. (WSJ)

The Gap (NYSE: GPS) raises its sales forecasts as its turnaround finally takes hold. (WSJ)

JP Morgan (NYSE: JPM) had no treasurer in place when its CIO made risky trades. (WSJ)

Treasury yields hit their lowest level ever as a flight to quality accelerates. (WSJ)

The eurozone may have done a good job preparing for a Greek exit. (NYT)

The U.S. Post Office will consolidate 48 mail processing centers to save money. (NYT)

JP Morgan’s trading unit has $100 billion in risky assets. (FT)

Apple (NASDAQ: AAPL) may offer an iPhone with a larger screen. (Bloomberg)

In China, home prices fall and car inventories rise — more signs of a slowing economy. (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.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618