Media Digest (7/6/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Mortgage bank Countrywide used its VIP loan program to influence Congress. (Reuters)

The search for a CEO for Yahoo! (NASDAQ: YHOO) narrows to interim chief Ross Levinsohn and Jason Kilar of Hulu. (Reuters)

Samsung makes a $5.9 billion profit, due in part to sales of its Galaxy products. (Reuters)

Monster Worldwide (NYSE: MWW) says online demand for jobs rose in June. (Reuters)

Volkswagen says the buyout of Porsche makes it likely the company can become the largest auto manufacturer in the world. (Reuters)

June consumer activity shows that lower gasoline prices did not help retail demand. (WSJ)

The SEC’s plan to set global accounting rules is delayed again. (WSJ)

The European Central Bank and central banks in Europe and China lower rates to help their economies. (WSJ)

Fiat tries to cut workforce in Europe to help increase productivity. (WSJ)

President Obama attacks China over duties it puts on American cars. (WSJ)

Because of flaws in its austerity plans, Greece begins to be more aggressive about government expense cuts. (WSJ)

Germany’s Merck KGaA suffers a setback in trials for its cancer drug Erbitux. (WSJ)

The number of Americans who can work but are no longer “participating” in the labor market increases. (WSJ)

Chinese car makers increase sales in emerging markets. (NYT)

Greece drops its request to improve the provisions of its current bailout agreement. (FT)

Amazon.com (NASDAQ: AMZN) plans to release its own smartphone to compete with Apple (NASDAQ: AAPL). (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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