Media Digest (12/5/2012) Reuters, WSJ, NYT, Bloomberg

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By Douglas A. McIntyre Published

YouTube logoThe Federal Reserve will begin a new round of bond buying in hopes of stimulating the economy. (Reuters)

China shares reached a quarter-long high as government policy initiatives buoy investors. (Reuters)

Nokia Corp. (NYSE: NOK) will release its new Lumia smartphone with China Mobile Ltd. (NYSE: CHL). (Reuters)

Yahoo! Inc. (NASDAQ: YHOO) buys a video chat start-up company. (Reuters)

Netflix Inc. (NASDAQ: NFLX) sets a new movie distribution deal with Walt Disney Co. (NYSE: DIS). (Reuters)

The SEC investigates sales of stock by Big Lots Inc. (NYSE: BIG) CEO Steven Fishman. (WSJ)

Tesco Corp. (NASDAQ: TESO) will leave the U.K. market after large financial losses. (WSJ)

The Big Three have more unsold cars because of the success of Japanese in the small vehicle market. (WSJ)

U.S. oil output is near a 15-year high. (WSJ)

Facebook Inc. (NASDAQ: FB) will joint the Nasdaq 100. (WSJ)

Verizon Communications Inc. (NYSE: VZ) is replacing damaged cooper wire with fiber. (WSJ)

The failure of the Thomson Reuters Corp. (NYSE: TRI) business prompts the head of the family that owns it to get more involved. (WSJ)

Pandora Media Inc.’s (NYSE: P) shares drop as it posts poor earnings and a weak forecast. (WSJ)

Darden Restaurants Inc. (NYSE: DRI) says marketing did not increase traffic from consumers with tight budgets as its financial results faltered. (WSJ)

Canadian Pacific Railway Ltd. (NYSE: CP) will cut 4,500 jobs. (WSJ)

Intel Corp. (NASDAQ: INTC) will borrow $6 billion to increase its share buybacks. (WSJ)

A mechanical problem forces a Delta Air Lines Inc. (NYSE: DAL) Boeing Co. (NYSE: BA) 787 Dreamliner to make an emergency landing. (WSJ)

Qualcomm Inc. (NASDAQ: QCOM) will make a $120 million investment in Sharp. (WSJ)

Zynga Inc. (NASDAQ: ZNGA) will bundle its games with cable TV offerings. (WSJ)

Apps hurt the amount charged by carriers for texts. (NYT)

Europe’s finance ministers disagree on how to set a central bank authority. (NYT)

John Paulson’s hedge fund posts losses due to a worsening financial picture in Europe. (Bloomberg)

Douglas A. McIntyre

Contact [email protected] for any questions or corrections.

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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