Media Digest (8/9/2012) Reuters, WSJ, FT, Bloomberg

Investing

Published: August 9, 2012 6:33 am

News Corp. (NASDAQ: NWS) takes a $2.85 billion write-down, mostly on its publishing properties, as it prepares to spin them off. (Reuters)

Standard Chartered pushes back on allegations about money laundering, portraying a New York regulator’s actions as an aberration. (Reuters)

Chinese factory output reaches a three-year low. (Reuters)

Samsung officials say they are not considering a buyout of Research In Motion Ltd. (NASDAQ: RIMM). (Reuters)

U.S. investors are expected to be heavy purchasers of Manchester United shares as it launches its initial public offering. (Reuters)

Knight Capital Group Inc. (NYSE: KCG) held $7 billion worth of securities at one point during its trading crisis. (WSJ)

A123 Systems Inc. (NASDAQ: AONE), which is a battery maker partially back by the government, will be bailed out by Chinese interests. (WSJ)

Morgan Stanley (NYSE: MS) will replace some of its bond traders with computers. (WSJ)

Nestle management says they expect a slowing of the U.S. market. (WSJ)

Yahoo! Inc.’s (NASDAQ: YHOO) new CEO is expected to focus on products like e-mail and search. (WSJ)

The chief operating officer of Zynga Inc. (NASDAQ: ZNGA) will leave. (WSJ)

Hewlett-Packard Co. (NYSE: HPQ) will write down the value of its services business and appoint a new leader for the operation. (WSJ)

Industrial production continues to fall in Europe. (WSJ)

Shares of Priceline.com Inc. (NASDAQ: PCLN) and Orbitz Worldwide Inc. (NYSE: OWW) fall after Priceline reports a weak forecast. (WSJ)

Macy’s Inc. (NYSE: M) raises its forecasts. (WSJ)

Liberty Media Corp. (NASDAQ: LMCA) spins off Starz. (WSJ)

The New York Times Company (NYSE: NYT) will sell About.com. (WSJ)

Google Inc. (NASDAQ: GOOG) has trouble with the launch of the Nexus Q as it moves into the hardware business. (WSJ)

Carlyle Group LP (NASDAQ: CG) raises nearly all the money for a $10 billion fund. (FT)

Google will release a mobile voice search product to compete with Apple Inc.’s (NASDAQ: AAPL) Siri. (FT)

Deutsche Telekom AG (NYSE: DT) posts better-than-expected profits. (Bloomberg)

Douglas A. McIntyre

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