Media Digest (8/6/2012) Reuters, WSJ, NYT, FT, Bloomberg

Knight Capital Group Inc. (NYSE: KCG) raises $400 million. (CNBC)

HTC reports that sales of its smartphones fell 45% year-over-year. (Reuters)

The New York State Department of Financial Services apparently is investigating whether relationships with affiliates were used to improve balance sheet data of life insurers. (WSJ)

Chinese products begin to replace those of major Western consumer products firms like Procter & Gamble Co. (NYSE: PG). (WSJ)

Ticket sales of Time Warner Inc.’s (NYSE: TWX) “The Dark Knight Rises” reach $354.6 million as the movie was number one at the box office again. (WSJ)

Chip makers such as Qualcomm Inc. (NASDAQ: QCOM) and Intel Corp. (NASDAQ: INTC) begin to focus on chips for phones that cost under $200. (WSJ)

European consumers sharply cut their purchases of expensive items such as appliances. (WSJ)

Several officials involved in Greek bailout talks say advances have been made. (WSJ)

Zynga Inc. (NASDAQ: ZNGA) moves more aggressively into mobile games, a tactic that may not work. (WSJ)

Air India receives government approval to buy planes from Boeing Co. (NYSE: BA). (WSJ)

Earnings from Kohl’s Corp. (NYSE: KSS), JCPenney Co. Inc. (NYSE: JCP) and Macy’s Inc. (NYSE: M) are expected to show the extent to which each has had different success rates. (WSJ)

June consumer credit data may show more trouble with student debt. (WSJ)

The Consumer Financial Protection Bureau starts an investigation into mortgage insurers, including American International Group Inc. (NYSE: AIG). (WSJ)

Many companies delay investments over concerns that congressional actions will cause an increase in taxes. (NYT)

Zillow Inc. (NASDAQ: Z) and other consumer sites court businesses with new features. (NYT)

Viewership of the NBC coverage of the Olympics jumps enough that the division of Comcast Corp. (NASDAQ: CMCSA) may show a profit on the games. (NYT)

Banks and counterparties set new deals in the event some countries exit the euro. (FT)

The cash balance of Berkshire Hathaway Inc. (NYSE: BRK-A) rises as the company moves out of consumer stocks. (Bloomberg)

Douglas A. McIntyre