Media Digest (7/20/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Eurozone officials set final terms for a bailout of Spain’s banks. (Reuters)

Marissa Mayer will receive as much as $70 million to head Yahoo! (NASDAQ: YHOO). (Reuters)

Banks hit by the Libor investigation may offer a group settlement. (Reuters)

Microsoft (NASDAQ: MSFT) posts its first quarterly loss since going public, but beats estimates. (Reuters)

A bankruptcy court will allow AMR management to run the airline firm until the end of the year. (Reuters)

The heads of Walmart (NYSE: WMT) and Facebook (NASDAQ: FB) will meet to expand their relationship. (Reuters)

The United States sells more assets it acquired during the financial bailout. (WSJ)

Google (NASDAQ: GOOG) announces good earnings but sidesteps the issue of what it will do with Motorola. (WSJ)

Heineken offers to buy Singapore beverage maker Fraser & Neave’s entire stake in Asia Pacific Breweries for $4.1 billion. (WSJ)

The fired CEO of Duke (NYSE: DUK) says management at the energy company tried to kill a merger with Progress Energy. (WSJ)

A housing shortage may have begun to cut into sales. (WSJ)

The Institute of International Finance says the crisis in Europe has slowed bank loans in a way that has hurt emerging markets. (WSJ)

Spain reports it is low on cash. (WSJ)

Johnson & Johnson (NYSE: JNJ) may pay $2.2 billion to settle charges about how it markets some drugs. (WSJ)

The CEOs of AMR and US Airways (NYSE: LCC) meet to talk about a merger. (WSJ)

KKR (NYSE: KKR) will open funds for individual investors. (WSJ)

High temperatures help push up the price of natural gas. (WSJ)

Drought in farm areas is likely to cause higher food prices. (NYT)

Libor flaws prompt some calls to eliminate the mechanism. (NYT)

The Education Department and the Consumer Financial Protection Bureau report that many students took out loans they could not repay. (NYT)

Citigroup (NYSE: C) may lose money on its sale of Smith Barney to Morgan Stanley (NYSE: MS). (FT)

Excess plant capacity in Europe will hurt Ford’s (NYSE: F) profits. (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.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618