Media Digest: Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Updated Published

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Hewlett-Packard Co. (NYSE: HPQ) raises its financial forecast and shares soar. (Reuters)

The European Union may allow Greece more time to reach its budget targets. (Reuters)

After a number of attacks on its media sites, Twitter tries to do a better job of stopping them. (Reuters)

Clearwire Corp. (NASDAQ: CLWR) probably will face shareholder revolts over the amount Sprint Nextel Corp. (NYSE: S) has offered to buy it. (Reuters)

Boeing Co. (NYSE: BA) gets a green light from Chinese officials to sell airplanes to local carriers. (WSJ)

Softbank agrees the federal government may appoint a member of Sprint’s board to track possible Japanese influence. (WSJ)

Discovery Communications Inc. (NASDAQ: DISCA) will begin to offer streaming video services, including some original programs. (WSJ)

KKR & Co. L.P. (NYSE: KKR) may invest in Saks Inc. (NYSE: SKS) and combine it with Neiman Marcus. (WSJ)

General Electric Co. (NYSE: GE) may sell some of its financial operations. (WSJ)

A proposal by investor Daniel Loeb would have Sony Corp. (NYSE: SNE) spin out or sell off its studios. (WSJ)

Tesla Motors Inc. (NASDAQ: TSLA) repays $465 million from the Energy Department well before its was due. (NYT)

Ford Motor Co. (NYSE: F) will close operations in Australia because of losses. (FT)

European Union leaders seem to back away from austerity measures, but they fail to make money available for expansion in the region. (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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