Media Digest (10/26/2012) Reuters, WSJ, NY Times, FT, Bloomberg
October 26, 2012 by Douglas A. McIntyre
Apple’s disappointing numbers are based mostly on slow iPad sales. (Reuters)
HTC says revenue and earnings will drop in the fourth quarter. (Reuters)
Sumner Redstone says his daughter may run Viacom Inc. (NASDAQ: VIAB) and CBS Corp. (NYSE: CBS). (WSJ)
The Libor investigation adds Bank of America Corp. (NYSE: BAC), Bank of Tokyo Mitsubishi UFJ, Credit Suisse Group A.G. (NYSE: CS), Lloyds Banking Group, Rabobank Groep, Royal Bank of Canada, Société Générale, Norinchukin Bank and WestLB. (WSJ)
Trading in the yuan has become more volatile. (WSJ)
Samsung’s profits rise 9%. (WSJ)
Amazon.com Inc. (NASDAQ: AMZN) posts a third-quarter loss. (WSJ)
Yahoo! Inc. (NASDAQ: YHOO) buys mobile app maker Stamped. (WSJ)
Procter & Gamble Co.’s (NYSE: PG) quarterly numbers help lower pressure on its CEO to show better results. (WSJ)
Wal-Mart Stores Inc. (NYSE: WMT) says it will open 100 new store in China. (WSJ)
Microsoft Corp.’s (NASDAQ: MSFT) Surface tablet puts it in competition with several customers. (NYT)
Sprint-Nextel Corp. (NYSE: S) posts a large loss on a drop in subscribers. (NYT)
Stocks start to fall after Apple misses its numbers. (FT)
Samsung surges past Nokia Corp. (NYSE: NOK) in mobile phone sales in the third quarter. (Bloomberg)
Spain’s unemployment rate rises above 25%, according to the National Statistics Institute. (Bloomberg)
Douglas A. McIntyre
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