Media Digest (8/7/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Chesapeake Energy Corp. (NYSE: CHK) sells assets to improve earnings. (Reuters)

Standard Chartered may lose its New York banking license over allegations it hid $250 billion in transactions tied to Iran. (Reuters)

Acer may want to review its relationship with Microsoft Corp. (NASDAQ: MSFT) as part of the software company’s launch of its own tablet. (Reuters)

Apple Inc. (NASDAQ: AAPL) will not include Google Inc.’s (NASDAQ: GOOG) preloaded YouTube app in its products. (Reuters)

Apple and Google may bid $200 million for Kodak patents. (WSJ)

Eric Rosengren, the president of the Federal Reserve Bank of Boston, calls for aggressive bond buying by the central bank. (WSJ)

The International Monetary Fund wants to relax conditions of its loans to Greece. (WSJ)

The FAA may levy more than $162 million in penalties against AMR, parent of American Airlines. (WSJ)

The demand for mortgages has risen, according to the Fed. (WSJ)

Amazon.com Inc. (NASDAQ: AMZN) has created lockers in some locations where customers can pick up orders. (WSJ)

HCA Holdings Inc. (NYSE: HCA) says it is being reviewed for whether some heart procedures performed in its facilities were necessary. (WSJ)

Late stage trials of an Alzheimer’s drug are abandoned by Johnson & Johnson (NYSE: JNJ) and Pfizer Inc. (NYSE: PFE). (WSJ)

Baidu Inc. (NASDAQ: BIDU) fires four employees who deleted entries in exchange for money. (WSJ)

Jefferies Group Inc. (NYSE: JEF) and TD Ameritrade Holding Corp. (NYSE: AMTD) put money into Knight Capital Group Inc. (NYSE: KCG). (WSJ)

Royal Bank of Scotland Group PLC (NYSE: RBS) sells assets to improve its balance sheet. (WSJ)

American investors put money into bonds from Norway and Australia as yields on Treasuries fall. (NYT)

General Motors Co. (NYSE: GM) faces a suit for blocking a financial bailout of Saab. (NYT)

Low bids for Kodak patents hurt its chances to use Chapter 11 as a way to get high value for assets. (FT)

Citigroup Inc. (NYSE: C) may book a $6 billion loss on its portion of a joint venture that owns Smith Barney. (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.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618