Media Digest (4/16/2013) Reuters, WSJ, NYT, FT, Bloomberg
courtesy of Facebook Inc.Softbank probably will pursue its bid for Sprint Nextel Corp. (NYSE: S), even though DISH Network Corp. (NASDAQ: DISH) has made a bid of its own. (Reuters) The European Union may ask Google Inc.’s (NASDAQ: GOOG) competitors about…
Softbank probably will pursue its bid for Sprint Nextel Corp. (NYSE: S), even though DISH Network Corp. (NASDAQ: DISH) has made a bid of its own. (Reuters)
The European Union may ask Google Inc.’s (NASDAQ: GOOG) competitors about a proposed settlement of antitrust charges. (Reuters)
MetroPCS Communications Inc. (NYSE: PCS) asks its shareholders to vote for a new offer from T-Mobile. (Reuters)
Gold drops to a two-year low after the biggest sell-off since the 1980s, based on a percentage drop. (WSJ)
Huawei plans to increase its presence in the smartphone marketplace. (WSJ)
J.C. Penney Co. Inc. (NYSE: JCP) takes $850 million from its credit line to allow its new CEO time to turn around the company. (WSJ)
Ford Motor Co. (NYSE: F) sharply increases its investment in China. (WSJ)
Alibaba will offer its own smartphone operating system, which may compete with Google’s. (WSJ)
American bank officials want more details about how large banks would dismantle themselves if events make them no longer viable. (WSJ)
Large pharmaceutical companies use drug safety laws to slow the introduction of some generics. (NYT)
The rift among EU nations over the value of austerity grows. (NYT)
AMR submits its final plan to end Chapter 11. (NYT)
Huge firm Energy Future Holdings enters Chapter 11 in an attempt to cut billions in debt. (NYT)
The South Korean government takes steps to reignite its economy. (FT)
China’s new, slower growth pattern may be permanent. (FT)
Volkswagen, BMW and other EU car companies will spend as much as $25 billion by 2017 to set manufacturing facilities outside the troubled region. (Bloomberg)
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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.
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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.