Media Digest (7/22/2011) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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Microsoft (NASDAQ: MSFT) posted strong results, but Windows revenue may continue to drop as PC sales fade (Reuters)

The Justice Department will look into whether the advertising operations of News Corp (NYSE: NWS) hacked into computers of competitors (Reuters)

An EU/IMF deal to rescue Greece helped move stocks higher (Reuters)

Apple (NASDAQ: AAPL) may buy Hulu (WSJ)

Access, Sony (NYSE: SNE) and Universal may make bids for EMI (Reuters)

Obama and Boehner may be close to a budget deal (WSJ)

The value of a bailout of Greece will be $157 billion (WSJ)

Google+ (NASDAQ: GOOG) now has 20 million users (WSJ)

More than a third of employees in the U.S. have been out of work for more than a year; many are concentrated in New Jersey, Georgia, Michigan, South Carolina, North Carolina, Illinois and Florida  (WSJ)

AMD (NYSE: AMD) has failed in its attempt to find a new CEO (WSJ)

Carl Icahn has pressed Motorola Mobility Holdings  to improve the value of its patents (WSJ)

The government has set rules that will help add large utility lines across the U.S. (WSJ)

Hackers attacked NATO computers (WSJ)

A drop of cotton prices has caused clothing manufacturers to alter price plans (WSJ)

Fuel costs hurt airline profits (WSJ)

Fiat is the majority shareholder in Chrysler after the Italian company bought out U.S. government interests (WSJ)

Large currency trading banks rely on high tech methods to make their units more appealing to customers (WSJ)

Oil rose above $100 on belief that a settlement of EU trouble will spur demand (WSJ)

Congress will offer a number of bills to cut losses at the U.S. Post Office (NYT)

Nokia (NYSE: NOK) and Ericsson (NYSE: ERIC) increased cost cuts (NYT)

Rules for a Greek bond swap will not be offered to other troubled EU nations (FT)

Nokia has lost its top spot in China (Bloomberg)

China hackers may be behind at attack on IMF computers (Bloomberg)

Citigroup says silver could reach $100 (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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