Media Digest (6/1/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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China’s PMI indicates a considerable slowing of its economy. (Reuters)

Senior EC and ECB officials warn that the eurozone is on the brink of a calamity. (Reuters)

Problems at Research In Motion (NASDAQ: RIMM) cause BlackBerry users to abandon it for other devices. (Reuters)

Many Wall St. indices close the month down nearly 6%. (Reuters)

Facebook’s site suffers brief outage. (Reuters)

Federal officials use powers from Dodd-Frank to increase reviews of JP Morgan’s (NYSE: JPM) trading practices. (WSJ)

Formula One delays its Singapore IPO. (WSJ)

Google (NASDAQ: GOOG) accuses Microsoft (NASDAQ: MSFT) and Nokia (NYSE: NOK) of helping set up companies to undermine Google’s IP position and using of technology that may have patents from other sources. (WSJ)

TV networks warn that companies that stream their shows online will hurt the networks’ prospects. (WSJ)

Student loan debt hits $904 billion. (WSJ)

Spain says it has until October to raise $23.5 billion for the Bankia bailout. (WSJ)

General Electric (NYSE: GE) lowers its business exposure in Europe by cutting back operations. (WSJ)

Honda (NYSE: HMC) boosts its plans to increase U.S. sales. (WSJ)

Google’s free product search operation will become a paid one. (WSJ)

Microsoft releases a more complete version of Windows 8. (WSJ)

Treasury yields become a new “fear gauge” for the markets. (WSJ)

BP (NYSE: BP) will sell its part of Russian operation TNK-BP. (WSJ)

Facebook sets a system to show ads when members “like” a product. (NYT)

A Pfizer (NYSE: PFE) executive will take over WebMD (NASDAQ: WBMD). (NYT)

Over 100 billion euro deposits flee Spain. (FT)

Merkel’s opposition to a new EU region bailout leaves her with little support from the region’s leaders. (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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