Media

Media Digest (7/24/2012) Reuters, WSJ, NYT, FT, Bloomberg

Carlyle (NASDAQ: CG) may buy a unit of United Technologies (NYSE: UTX). (Reuters)

More factories move to the United States as China’s manufacturing costs rise. (Reuters)

The CEOs of Apple (NASDAQ: AAPL) and Samsung continue to disagree on the value of disputed patents. (Reuters)

Texas Instruments (NASDAQ: TXN) says earnings were hurt by falling orders. (Reuters)

A number of bank traders are being investigated over Libor rigging. (WSJ)

PMI data for China drops in July but the pace slowed. (WSJ)

ShopRunner hires ex-Yahoo! (NASDAQ: YHOO) CEO Scott Thompson. (WSJ)

Cisco Systems (NASDAQ: CSCO) to fire 1,300 workers. (WSJ)

Fairfax Financial Holdings increases its stake in Research In Motion (NASDAQ: RIMM) to almost 10%. (WSJ)

Pfizer (NYSE: PFE) and Johnson & Johnson (NYSE: JNJ) announce their trials of Alzheimer’s drug bapineuzumab failed. (WSJ)

McDonald’s (NYSE: MCD) second-quarter earnings fall because of the economy. (WSJ)

VMWare (NYSE: VMW) buys Nicira for about $1.26 billion. (WSJ)

Citigroup (NYSE: C) Chairman Michael E. O’Neill becomes more involved in the firm’s daily activity. (WSJ)

The deputy chairman of Barclays (NYSE: BCS) says he will not seek the chairman’s role. (NYT)

Newsweek and The Daily Beast are dumped by the Harman family, leaving them to count on investment from IAC/InterActiveCorp (NASDAQ: IACI). (NYT)

Moody’s warns on the sovereign debt ratings of Germany, the Netherlands and Luxembourg. (FT)

News Corp. (NASDAQ: NWSA) and AT&T (NYSE: T) build tablets for educational purposes. (FT)

SAP’s (NYSE: SAP) profits rise on a sharp increase in software demand. (Bloomberg)

Corn crops in southern Europe are damaged by heat, as are those in the United States. (Bloomberg)

Douglas A. McIntyre

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