Media Digest (3/28/2013) Reuters, WSJ, FT

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By Douglas A. McIntyre Published
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Royal Dutch Shell PLC (NYSE: RDS-A) must face an investigation over its drilling activities in Alaska. (Reuters)

Chesapeake Energy Corp.’s (NYSE: CHK) CEO search will go beyond a deadline set for the end of this month. (Reuters)

Wal-Mart Stores Inc. (NYSE: WMT) could have some of its customers deliver overnight packages to others. (Reuters)

Clearwire Corp. (NASDAQ: CLWR) will draw down on a credit facility with Sprint Nextel Corp. (NYSE: S). (Reuters)

A new U.S. law will restrict the purchase of Chinese IT products. (Reuters)

The U.S. may regulate equipment bought from China as part of the Softbank buyout of Sprint. (WSJ)

As Cyprus banks reopen, there will be strict rules on how much money depositors can take out. (WSJ)

A proxy advisor recommends that MetroPCS Communications Inc. (NYSE: PCS) shareholders vote against a deal with T-Mobile because their ownership in the new company will be too small. (WSJ)

General Motors Co. (NYSE: GM) will release a new version of its Chevy Camaro Z/28. (WSJ)

Short sellers continue to move into BlackBerry (NASDAQ: BBRY) shares. (WSJ)

The Congressional Budget Office believes use of food stamps will continue to grow. (WSJ)

A bankruptcy judge calls a $20 million severance package for the CEO of AMR “inappropriate.” (WSJ)

Spain says its 2012 budget deficit was larger than expected. (WSJ)

Blackstone Group L.P. (NYSE: BX) may be willing to set a partnership with Dell Inc. (NASDAQ: DELL) CEO Michael Dell as its works on a buyout. (WSJ)

Chevron Corp. (NYSE: CVX) cuts the pay of several executives because of safety problems. (FT)

Google Inc.’s (NASDAQ: GOOG) new smart eyewear will be made in the United States. (FT)

South Korea cuts its GDP growth forecast. (FT)

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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