Media Digest (7/21/2011) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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Germany and France reached a deal on how to handle the Greek debt crisis (MarketWatch)

China’s PMI growth rate slowed to the lowest level since July 2010 (MarketWatch)

Apple (NASDAQ: AAPL) may soon top Exxon Mobil (NYSE: XOM) as the most valuable public company traded on U.S. markets (Reuters)

Strategy Analytics reports that sales of tablet PCs that run the Microsoft (NASDAQ: MSFT) mobile OS have passed those of the Research-In-Motion (NASDAQ: RIMM) Playbook (Reuters)

Intel’s (NASDAQ: INTC) results showed PC sales growth has slowed (Reuters)

Google (NASDAQ: GOOG) will offer credit cards to AdWord customers to help drive sales (Reuters)

Zillow’s stock doubled from its IPO price and fell back moderately at the end of yesterday (Reuters)

Google may buy InterDigital (Reuters)

Layoffs at U.S. companies have begun to rise (WSJ)

Banks have begun to sharply cut costs to offset slow loan demand (WSJ)

The IMF said China should increase the value of the yuan (WSJ)

The FCC extended the period over which it will examine an AT&T (NYSE: T) buyout of T-Mobile (WSJ)

Shareholder Citadel will try to get E*Trade (NASDAQ: ETFC) to sell itself (WSJ)

PayPal results pushed eBay (NASDAQ: EBAY) earnings higher (WSJ)

China PC giant Lenovo released a tablet PC (WSJ)

Obama is open to a short-term debt cap deal if it is tied to long-term reform (WSJ)

Quiznos may default on LBO loans (WSJ)

AMR (NYSE: AMR) will buy a number of jets from Airbus, breaking a decades-long relationship with Boeing (NYSE: BA) (WSJ)

Eastman Kodak (NYSE: EK) may sell its digital patents (WSJ)

Amazon.com (NASDAQ: AMZN) cut a deal with CBS (NYSE: CBS) to distribute TV show content (WSJ)

Concerns about China’s small banks have risen (WSJ)

Wall St. firms have set disaster plans if the U.S. debt cap is not raised (NYT)

The UAW and Detroit will battle over profits from the recently successful car companies (NYT)

Cases about potential hacking in the U.S. by News Corp (NYSE: NWS) were given to the FBI (FT)

Calpers objected to the News Corp ownership structure that gives Murdoch control (FT)

Intel (NASDAQ: INTC) and Qualcomm (NASDAQ: QCOM) expect strong results in the second half (FT)

Walmart (NYSE: WMT) will begin to offer food desserts (FT)

China will increase its regulation of property loans (Bloomberg)

Saudi Prince Alwaleed bin Talal Al Saud, a large News Corp shareholder, gave Murdoch a vote of confidence (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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