Media Digest (4/4/2012) Reuters, WSJ, NYT, FT, Bloomberg
Apartment vacancy rates reach a 10-year low, according to Reis. (Reuters) Tom Glocer, the departing head of Thomson Reuters (NYSE: TRI), makes $20 million. (Reuters) China’s premier, Wen Jiabao, says the monopoly of large Chinese banks should end. (Reuters) Facebook…
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Tom Glocer, the departing head of Thomson Reuters (NYSE: TRI), makes $20 million. (Reuters)
China’s premier, Wen Jiabao, says the monopoly of large Chinese banks should end. (Reuters)
Facebook files patent claims against Yahoo! (NASDAQ: YHOO). (Reuters)
Roche presses its bid to takeover Illumina (NASDAQ: ILMN). (Reuters)
Citing sufficient strength in the economy, the Fed says it will stand by and add no stimulus. (WSJ)
Moody’s cuts the credit rating of General Electric (NYSE: GE). (WSJ)
Yahoo! to cut 2,000 jobs. (WSJ)
AT&T (NYSE: T) faces a walkout of 40,000 wireline workers. (WSJ)
Samsung takes a more active role in the mobile ad market. (WSJ)
Eurozone nations continue to cut costs despite concerns this will cause a deeper recession. (WSJ)
U.S. auto sales surge in March as people turn to more fuel-efficient cars. (WSJ)
US Airways (NYSE: LCC) increases its efforts to buy American Airlines parent AMR, which is in Chapter 11. (WSJ)
Burger King to go public again (WSJ)
A study published in the Administrative Science Quarterly says that workers hired from outside a company make more than current workers but perform worse. (WSJ)
Regulators finalize how they will oversee nonbank financial firms. (WSJ)
Regulators are set to fine JP Morgan (NYSE: JPM) for its role in the collapse of Lehman Bros. (NYT)
China moves its cap on foreign investments to $80 billion from $30 billion. (FT)
The departure of James Murdoch from the chairman’s job at BSkyB may allow News Corp. (NASDAQ: NWS) to make a bid for the part of the company its does not own. (Bloomberg)
One million paid TV customers move to the web in 2011. (Bloomberg)
BMW and Mercedes first-quarter sales in the U.S. are almost the same. (Bloomberg)
Douglas A. McIntyre
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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.
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.