Media Digest (4/24/2013) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published

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Apple Inc.’s (NASDAQ: AAPL) new dividend will allow management a period to recover earnings growth while offering investors a return. (Reuters)

Amazon.com Inc. (NASDAQ: AMZN) may use its consumer database to target ads. (Reuters)

Nintendo forecasts it will sell nine million Wii U consoles in the fiscal year that ends March 31. (Reuters)

Credit Suisse Group A.G. (NYSE: CS) profits rise, mainly due to cost cuts. (WSJ)

Budget cuts that effect the air traffic control system have begun to cause delays. (WSJ)

Portugal will have a stimulus package in hopes of resurrecting its damaged economy. (WSJ)

J.C. Penney Co. Inc. (NYSE: JCP) hires turnaround firm AlixPartners. (WSJ)

Dell Inc.’s (NASDAQ: DELL) board sets $91.1 million in bonuses to keep management during a period when the company is likely to go private. (WSJ)

FedEx Corp. (NYSE: FDX) renews its contract with the U.S. Postal Service to fly cargo. (WSJ)

Nike Inc. (NYSE: NKE) will offer $1 billion in corporate bonds, and demand is high. (WSJ)

Wal-Mart Stores Inc. (NYSE: WMT) comes to a deal with Warner Bros. to sell tickets for the new “Man of Steel” movie. (NYT)

New data show that business activity has slowed in the United States, Germany and China. (FT)

Lockheed Martin Corp. (NYSE: LMT) says its revenue will drop by $825 million due to defense spending cuts. (FT)

PSA Peugeot Citroen has higher-than-expected revenue because of China. (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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