Media Digest (8/24/2012) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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A South Korean court awards patent victories to both Apple Inc. (NASDAQ: AAPL) and Samsung in a patent dispute. The judges add that Samsung did not violate key iPhone design property. (Reuters)

UBS AG (NYSE: UBS) says the plan to compensate investors for the botched Facebook Inc. (NASDAQ: FB) initial public offering is not adequate. (Reuters)

IDC says Apple’s share of China’s smartphone market dropped by half in the second quarter because many buyers have deferred purchases until the new iPhone comes out. (Reuters)

Some Morgan Stanley (NYSE: MS) mutual funds have large stakes in Facebook. (WSJ)

A Qantas cancellation of 35 Boeing (NYSE: BA) 787 planes will make it difficult for the program to get the aerospace company a good return on investment. (WSJ)

India intensifies efforts to regulate Internet freedom of speech. (WSJ)

Germany and France agree to work together on a Greek bailout. (WSJ)

The chief digital officer of News Corp. (NASDAQ: NWS), Jon Miller, will leave. (WSJ)

Kodak may sell its personalized-imaging and document-imaging businesses to raise cash. (WSJ)

The Federal Reserve Bank of New York sells a large number of its American International Group Inc. (NYSE: AIG) assets. (WSJ)

William Ackman presses General Growth Properties Inc. (NYSE: GGP) to put itself up for sale. (WSJ)

Regulators may use Dodd-Frank to set rules for money market funds. (NYT)

Huge inventory surpluses in China cloud a view of its actual economic situation. (NYT)

General Motors Co. (NYSE: GM) plans for its new Cadillac ATS to increase its global market share in the luxury segment. (NYT)

Facebook accelerates its plans to make money in the mobile market. (NYT)

The Shanghai Composite reaches a three-year low. (FT)

Analysts are concerned that more municipalities will go bankrupt, undermining bond prices. (FT)

GM will close Opel plants to save money in a down EU car market. (Bloomberg)

Several executives leave Zynga Inc. (NASDAQ: ZNGA) as the game company struggles to impress Wall St. (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.

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