Media Digest (7/7/2011) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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Treasury officials examine ways to prevent default if an August 2 deadline to increase the debt cap is not met by Congress (Reuters)

LaGarde will give a Chinese official a top job at the IMF (Reuters)

China may lower its investment in what it considers strategic industries (Reuters)

Brent crude moved toward $114 as the U.S. prepared to report supplies (Reuters)

A judge refused an Apple (NASDAQ: AAPL) motion for an injunction against Amazon (NASDAQ: AMZN) to stop the e-commerce company from using the App Store name (Reuters)

Facebook launched a video chat feature in a venture with Skype (Reuters)

Hackers opened security features in the iPad and iPhone (Reuters)

NYSE (NYSE: NYX) will probably accept a Deutsche Boerse merger (Reuters)

Blackstone (NYSE: BSX) raised a new $16 billion fund (Reuters)

The head of the Justice Department antitrust division will go into private practice (WSJ)

Germany has begun to press for new Greek debt provisions that would cost private investors more than previous proposals (WSJ)

Investors have been attracted to large data warehouses that have grown because of increases in internet traffic (WSJ)

Apple will launch a new version of its iPhone in September (WSJ)

The head of Walt Disney (NYSE: DIS) said Hulu will be sold (WSJ)

Apartment rents have risen across the country as vacancies have fallen (WSJ)

Japan may insist on stress tests for nuclear plants (WSJ)

A takeover of BSkyB by News Corp (NYSE: NWS) may be delayed because of charges against phone taps made by one of its UK papers (WSJ)

Goldman Sachs (NYSE: GS) borrowed $15 billion from the Fed at the peak of the credit crisis in late 2008 (WSJ)

Morgan Stanley Smith Barney said personal data on 34,000 customers was lost (WSJ)

The real estate boom in China has raised more fears that high debt may hurt its economy (NYT)

The number of personal bankruptcies fell in June (NYT)

The U.S. gave financial support to a program to make fuel from corn waste (NYT)

German politicians said the monopoly of credit rating agencies should be broken up (FT)

The SEC wants to work with China regulators to review financial statements of reverse merger companies based in the People’s Republic (FT)

Bank of America (NYSE: BAC) and JPMorgan (NYSE: JPM) may be close to resolution of government charges that the banks improperly foreclosed on some homes (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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