Media Digest (10/19/2011) Reuters, WSJ, NYTimes, FT, Bloomberg

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By Douglas A. McIntyre Published

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Moody’s downgrade of Spain puts more pressure on the EU to address its sovereign debt crisis. (Reuters)

Several large shareholders may fight to oust part of the News Corp. (NYSE: NWS) board. (Reuters)

Apple (NASDAQ: AAPL) says rumors about the new iPhone launch date hurt sales in its most recent quarter. (Reuters)

Samsung and Google (NASDAQ: GOOG) to release the latest Android-powered phone. (Reuters)

Groupon’s IPO could happen as soon as next week. (Reuters)

America’s largest banks, including Goldman Sachs (NYSE: GS), were hurt by write-offs and low investment bank and trading results. (WSJ)

Yahoo!’s (NASDAQ: YHOO) revenue continues to fall. (WSJ)

Intel (NASDAQ: INTC) posts better-than-expected earnings. (WSJ)

Drought in the Southeast will cause severe storms there. (WSJ)

Consumer demand in China has helped its GDP growth recently. (WSJ)

The U.S. Post Service to consider non-mail services to increase revenue. (WSJ)

Slow production hurts the earnings of steel-makers. (WSJ)

The Kinder Morgan (NYSE: KMI)-El Paso (NYSE: EP) deal to face antitrust examinations. (WSJ)

Motorola Mobility (NYSE: MMI) to release a new smartphone with an old brand name — Razr. (WSJ)

Bank of America (NYSE: BAC) loses its position as the largest bank in the U.S. to JPMorgan Chase (NYSE: JPM). (WSJ)

High ticket prices alienate many air travelers but have helped save several airlines. (NYT)

The UAW approves a final four-year deal with Ford (NYSE: F). (NYT)

Ahead of a major summit later this week, France warns that the EU is in danger of collapse. (FT)

Research In Motion (NASDAQ: RIMM) to release a new BlackBerry operating system. (FT)

Several large EU-based banks say they will shrink by a combined total of $1 trillion to weather trouble in the region. (Bloomberg)

Bank of England chief Mervyn King says time has run short to address the global financial crisis. (Bloomberg)

Douglas A. McIntyre

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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