Media Digest (10/26/2011) Reuters, WSJ, NYTimes, 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.

Invalid Image
A deal to rescue the EU’s weak nations has stalled over political differences and objections by banks. (Reuters)

IBM (NYSE: IBM) appoints Virginia Rometty as its new CEO. (Reuters)

Amazon.com (NASDAQ: AMZN) earnings fail to meet forecasts and the stock falls. (Reuters)

The chairman and CEO of Olympus leaves after charge of improper payments for M&A deals. (Reuters)

Iron ore prices drop sharply as China demand falters. (Reuters)

Washington regulators may cut requirements for data from hedge funds. (Reuters)

Nintendo expected to post a $1.3 billion loss. (Reuters)

SAP (NYSE: SAP) may buy back shares as its cash grows. (Reuters)

Groupon to sell shares at a valuation of five times 2012 sales. (Reuters)

Yahoo! (NASDAQ: YHOO) increases its effort to find a new CEO. (WSJ)

The Agriculture Department expects food prices to rise 3.5% to 4.5% this year. (WSJ)

Retailers will suffer as more customers buy tablets direct from Amazon and Apple (NASDAQ: AAPL). (WSJ)

Large industrial firms like 3M (NYSE: MMM) cut inventory as their concerns about the economy grow. (WSJ)

BP (NYSE: BP) says its turnaround is well underway. (WSJ)

First Solar (NASDAQ: FSLR) CEO steps down, shares fall. (WSJ)

The Federal Reserve turns down Met Life’s (NYSE: MET) request to increase its dividend. (WSJ)

Ford (NYSE: F) results should show that its restructuring is over and it is close to issuing a dividend. (WSJ)

Twitter and the TV business will help one another expand. (NYT)

EU leaders continue to press banks to take huge write-offs on Greek debt holdings. (NYT)

A euro summit may offer no deal to support Greece’s debt load. (FT)

Shale gas increases mergers among U.S. energy firms. (FT)

EU banks that cut assets say their ability to lend has been compromised. (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

AKAM Vol: 21,556,944
MU Vol: 65,135,624
INTC Vol: 227,504,426
MNST Vol: 15,284,847
DELL Vol: 12,167,525

Top Losing Stocks

MSI Vol: 3,101,643
EXPE Vol: 4,189,786
CTRA Vol: 73,319,495