Media Digest (7/10/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Intel (NASDAQ: INTC) invests in next-generation chip company ASML (NASDAQ: ASML). (Reuters)

The Federal Reserve Bank of New York may have known in 2007 that the way Libor was set was incorrect. (Reuters)

The European Union gives Spain more time to close its deficit. (Reuters)

Norway steps in to prevent a labor strike that would have cut its oil output. (Reuters)

Google (NASDAQ: GOOG) may pay $22.5 billion to settle privacy charges brought by the FTC that allege Google software breached privacy settings in Apple (NASDAQ: AAPL) apps. (WSJ)

Chief financial officer pay rose only 2.1% last year. (WSJ)

Sony (NYSE: SNE) will use access to the cloud to stream games. (WSJ)

The European Central Bank will do more to ease borrowing costs if the situation in Europe worsens. (WSJ)

Patriot Coal (NYSE: PCX) files for Chapter 11. (WSJ)

Campbell Soup (NYSE: CPB) buys Bolthouse Farms for $1.55 billion. (WSJ)

Corn futures move up 4% to $7.7525 in one day due to drought conditions. (WSJ)

France raises short-term debt with a negative yield. (WSJ)

Regulators examine the change of CEOs at Duke Energy (NYSE: DUK). (NYT)

Spain will get $37 billion this month as the EU works to stem financial problems in the nation. (NYT)

Alcoa (NYSE: AA) says low aluminum prices hurt its results. (FT)

Iran’s oil output hits a 20-year low. (FT)

Orders for Boeing (NYSE: BA) jets surge against those of Airbus. (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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