Media Digest 7/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Amazon (AMZN) earnings beat Wall St. forecasts.

Reuters reports that Ford (F) wil keep its small pick-up plant open for two years.

Reuters writes that the head of Microsoft’s (MSFT) online buiness left the company.

Reuters writes that Goldman Sachs (GS) has raised $10 billion to invest in LBO loans.

Reuters writes that Facebook will allow many of its applications to run on outside websites.

The Wall Street Journal writes that Qualcomm (QCOM) and Nokia (NOK) have ended their long-term IP fight.

The Wall Street Journal reports that the collapse of SemGroup, a private oil-marketing firm may have helped the drop in oil prices.

The Wall Street Journal reports that GM’s (GM) global vehicle sales fell 5% in Q2

The Wall Street Journal writes that Credit Suisse (CS) had a sharp drop in net income.

The Wall Street Journal writes that the Actic has vast deposits of oil

The Wall Street Journal reports that Intel (INTC) has brought out a new generation of multifunction chips.

The Wall Street Journal writes that the FCC is near approval of the Sirius (SIRI) merger with XM (XMSR).

The Wall Street Journal reports that Google (GOOG) has launched a rival to online information source Wikipedia.

The Wall Street Journal writes that the drop in oil is taking pressure off the Fed.

The Wall Street Journal reports that the rise in informal loans in China may hurt the economy.

The Wall Street Journal writes that Sprint (S) will sell some of its cell phone towers to pay down debt.

The New York Times reports that the Fed beige book shows the economy gettng worse.

The New York Times writes that Toyota (TM) has passed GM (GM) in global auto sales.

The FT writes that ad sales at The New York Times (NYT) dropped almost 17% last month.

Douglas A. McIntyre