Media Digest (1/4/2013) Reuters, WSJ, FT, Bloomberg

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By Douglas A. McIntyre Published

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Tim Geithner’s departure from Treasury will deprive President Obama of his longest serving financial adviser. (Reuters)

Google Inc. (NASDAQ: GOOG) settles antitrust charges by the United States with very little penalty. (Reuters)

American car sales hit their highest level since 2007. (Reuters)

Federal Reserve notes show that some governors want to cut back bond purchases. (Reuters)

Competitors of Wal-Mart Stores Inc. (NYSE: WMT) say its “low priced” ads are misleading. (Reuters)

Gap Inc. (NYSE: GPS) moves into the luxury market with its Intermix buyout. (Reuters)

Investors move out of managed stock funds and into less expensive index ones. (WSJ)

Inexpensive tablets badly hurt e-reader sales. (WSJ)

Post holiday sales at most retailers are slow. (WSJ)

Liberty Media Corp. (NASDAQ: LMCA) receives approval to take over Sirius XM Radio Inc. (NASDAQ: SIRI). (WSJ)

AMR expects to make a decision shortly on a merger with U.S. Airways Group Inc. (NYSE: LCC). (WSJ)

Unemployment drops in Spain, signaling a possible recovery. (WSJ)

Toyota Motor Corp. (NYSE: TM) and Audi will show self-driving cars as CES. (WSJ)

Barnes & Noble Inc. (NYSE: BKS) sales of Nooks slow and it is losing market share. (WSJ)

Fiat will increase its stake in Chrysler. (WSJ)

Transocean Ltd. (NYSE: RIG) settles over Deepwater Horizon, paying $1.4 billion. (FT)

BMW tops Mercedes in U.S. car sales in the past year, followed by Toyota’s Lexus. (Bloomberg)

German retail sales are strong in November and unemployment neared a 20-year low. (Bloomberg)

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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