Media Digest (7/19/2012) Reuters, WSJ, NYT, FT, Bloomberg
A new consumer agency fines Capital One (NYSE: COF) $210 million for aggressive marketing activity.(Reuters) New IMF policies will examine whether individual national economies might hurt global growth. (Reuters) IBM (NYSE: IBM) raises its earnings estimates. (Reuters) AT&T (NYSE: T) to…
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New IMF policies will examine whether individual national economies might hurt global growth. (Reuters)
IBM (NYSE: IBM) raises its earnings estimates. (Reuters)
AT&T (NYSE: T) to raise the rates it charges customers for data use. (Reuters)
Microsoft (NASDAQ: MSFT) to release Windows 8 on October 26. (Reuters)
US Airways (NYSE: LCC) works with regulators on a possible buyout of AMR. (Reuters)
Bank of America (NYSE: BAC) and Credit Suisse (NYSE: CS) will make more expense cuts to improve margins. (WSJ)
China will offer African nations $20 billion in loans. (WSJ)
The U.S. Postal Service says it may default on a pension obligation of $5.5 billion. (WSJ)
Government data from Spain show its housing and bank problems have worsened. (WSJ)
Procter & Gamble (NYSE: PG) defends its embattled CEO. (WSJ)
EBay (NASDAQ: EBAY) earnings rise more than expected as PayPal’s success continues. (WSJ)
The National Retail Federation says average back-to-school spending will rise 14%. (WSJ)
Corn and soybean prices reach records because of widespread drought. (WSJ)
Huge layoffs at Yahoo! (NASDAQ: YHOO) may be needed to bring its expenses into line with those of Facebook (NASDAQ: FB) and Google (NASDAQ: GOOG). (WSJ)
The AARP reports that foreclosure rates among people older than 75 have risen sharply. (NYT)
A new survey shows e-book sales rising much more quickly than those of traditional books. (NYT)
The Libor investigation moves to Credit Agricole, HSBC (NYSE: HBC), Deutsche Bank (NYSE: DB) and Societe Generale. (FT)
China will buy some of the pension assets of General Motors (NYSE: GM), many of which are large investments in U.S. public companies. (FT)
Novartis (NYSE: NVS) profits rise because of new drugs. (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.