Media Digest (6/20/2012) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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The Federal Reserve may act to spur the faltering economy. (Reuters)

The G20 backs aggressive actions to combat Europe’s financial problems. (Reuters)

Microsoft (NASDAQ: MSFT) did not tell its PC customers, including Hewlett-Packard (NYSE: HPQ) and Dell (NASDAQ: DELL), about its Surface tablet PC. (Reuters)

Apple (NASDAQ: AAPL) and Google (NASDAQ: GOOG) will return to court to fight over whether Motorola phones violate Apple’s patents. (Reuters)

Japan Airlines will try to relist its shares and raise $6 billion in an IPO. (Reuters)

Some cities’ homes markets have exited the home price downturn much more quickly than others. (WSJ)

The leaders of Credit Suisse (NYSE: CS) are under pressure to solve a problem with their capital levels. (WSJ)

Advertisers, including Ford (NYSE: F) and Coca-Cola (NYSE: KO), say they have successful relationships with Facebook (NASDAQ: FB). (WSJ)

Barnes & Noble’s (NYSE: BKS) Nook sales falter, which hurts its earnings. (WSJ)

The bandwidth Apple’s FaceTime app uses may help carriers get more revenue from subscribers. (WSJ)

Research In Motion (NASDAQ: RIMM) begins firing workers. (WSJ)

Germany and France both show drops in consumer confidence this month. (WSJ)

Walgreen (NYSE: WAG) buys a minority interest in Europe pharmacy giant Alliance Boots for $6.7 billion. (WSJ)

Indian and Chinese oil companies to begin joint exploration programs. (WSJ)

FedEx (NYSE: FDX) says it faces more competition from delivery companies, which include shipping. (WSJ)

A key unit sale that will take MetLife (NYSE: MET) out of its status as a “bank” is delayed. (WSJ)

A short squeeze sends cotton prices up 6%. (WSJ)

Cities and states continue to cut workers, which may hamper the national economic recovery. (NYT)

The U.S. presses Germany to help lower borrowing costs for some EU nations. (FT)

Italy’s banks face a challenge as they try to raise capital levels. (Bloomberg)

China Unicom (NYSE: CHU) will cut some phone prices by 30%. (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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