Media Digest (7/13/2012) Reuters, WSJ, NYT, FT, Bloomberg
Moody’s cuts Italy’s rating by two notches and indicates the cuts may not be finished. (Reuters) Treasury Secretary Geithner pressed UK regulators on Libor in 2008. (Reuters) A hack of Yahoo!’s (NASDAQ: YHOO) email system allows hackers to get passwords…
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Treasury Secretary Geithner pressed UK regulators on Libor in 2008. (Reuters)
A hack of Yahoo!’s (NASDAQ: YHOO) email system allows hackers to get passwords from other large sites that have email, including Microsoft (NASDAQ: MSFT), AOL (NYSE: AOL) and Google (NASDAQ: GOOG). (Reuters)
Traders who ran trades in London that cost JP Morgan (NYSE: JPM) billions of dollars have left the company. (WSJ)
Liberty Media (NASDAQ: LMCA) chief John Malone attacks the management style of Mel Karmizan, head of Sirius XM Radio (NASDAQ: SIRI). Liberty owns part of the satellite radio firm. (WSJ)
General Motors (NYSE: GM), which fired its European chief, and Peugeot aggressively attack their losses in the region. (WSJ)
Activist investor Bill Ackman has built a stake in Procter & Gamble (NYSE: PG) and may press for changes in the way the consumer-products giant is run. (WSJ)
Chesapeake Energy’s (NYSE: CHK) oil and gas reserves are questioned by experts. (WSJ)
Mortgage banking continues to help results at Wells Fargo (NYSE: WFC). (WSJ)
Some economists believe oil prices and car and home sales may help the U.S. economy. (NYT)
Penalties for Libor manipulation could cost banks as much as $22 billion. (FT)
The United States sets more sanctions for Iran oil exports. (FT)
Italy will sell $6.1 billion in bonds immediately after its rating was cut. (Bloomberg)
Boeing (NYSE: BA) and Airbus may have trouble delivering jets due to backlogs. (Bloomberg)
More economists question China’s growth rate as its use of electricity falters. (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.