Media Digest (12/13/2012) Reuters, WSJ, NY Times

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

Media summaries

The Federal Reserve links bond buying to unemployment rates. (Reuters)

The European Central Bank will have new authority over Europe’s banks. (Reuters)

The U.S. Immigration and Customs Enforcement agency, which said it would use some Apple Inc. (NASDAQ: AAPL) products, will test the new Research In Motion Ltd. (NASDAQ: RIMM) BlackBerry 10. (Reuters)

Reuters data show that most consumer electronics buyers are drawn to Apple products over those of rivals. (Reuters)

Google Inc.’s (NASDAQ: GOOG) map app will be available on the iPhone. (Reuters)

AMR creditors would like to see an all-stock merger with US Airways Group Inc. (NYSE: LCC). (Reuters)

The National Council on Teacher Quality blames states for much of the $325 billion shortfall in teacher pensions. (WSJ)

Barclays PLC (NYSE: BCS) will cut as many as 2,000 investment banker jobs. (WSJ)

The value of Dish Network Corp.’s (NASDAQ: DISH) cellular network goes from $3 billion to $12 billion as the government approves its new use as portable device network. (WSJ)

India notifies Wal-Mart Stores Inc. (NYSE: WMT) that it is being investigated for violating some of the nation’s laws. (WSJ)

Berkshire Hathaway Inc. (NYSE: BRK-A) will buy back shares because Warren Buffett believes they are cheap. (WSJ)

Caterpillar Inc. (NYSE: CAT) is the latest company to say it will pay a dividend early to avoid possible new taxes next year. (WSJ)

Facebook Inc. (NASDAQ: FB) simplifies its privacy policies. (WSJ)

Google makes searching for pornography more difficult. (WSJ)

OPEC will maintain its current output ceiling. (WSJ)

Europe’s airlines are in contentious negotiation with unions to cut workers as a means to avoid losses. (WSJ)

Verizon Communications Inc. (NYSE: VZ) and Coinstar Inc.’s (NASDAQ: CSTR) Redbox will start an online video streaming service. (WSJ)

Avon Products Inc. (NYSE: AVP) to leave the South Korea and Vietnam markets. (WSJ)

Solar City cuts the price of its initial public offering. (NYT)

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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