Media

Media Digest (7/27/2012) Reuters, WSJ, NY Times, FT

Facebook Inc.’s (NASDAQ: FB) stock is hammered by earnings letdown. (Reuters)

Samsung Electronic Co.’s earnings reach $5.9 billion mostly on smartphone sales. (Reuters)

Barclays PLC’s (NYSE: BCS) profits rise sharply. (Reuters)

The United States may launch an examination of many retailers after Wal-Mart Stores Inc.’s (NYSE: WMT) alleged overseas bribery scandal. (Reuters)

Supportive comments about the euro from European Central Bank President Mario Draghi drive global stocks higher. (Reuters)

Airbus SAS delays its A350 launch. (Reuters)

Google Inc. (NASDAQ: GOOG) releases a superfast fiber product in Kansas City. (Reuters)

Apple Inc. (NASDAQ: AAPL) releases data that show margins on the iPad sold in the United States are about half those of the iPhone. (Reuters)

Universal Music Group may sell a record label to close its EMI takeover. (WSJ)

Amazon.com Inc.’s (NASDAQ: AMZN) profits fall sharply. (WSJ)

The turnaround at Sprint-Nextel Corp. (NYSE: S) continues, based on earnings. (WSJ)

The Organization for Economic Cooperation and Development says Portugal’s recession may deepen. (WSJ)

Ethanol producer results are badly damaged by high corn prices and low demand for gasoline. (WSJ)

The CEO of United Continental Holdings Inc. (NYSE: UAL) apologizes for service problems as the company posts poor numbers. (WSJ)

Starbucks Corp. (NASDAQ: SBUX) figures fall well short of expectations. (WSJ)

General Keith B. Alexander of the National Security Agency says cyber attacks against infrastructure have stepped up. (NYT)

A judge says payments by big drug companies to keep generics off the market is anticompetitive. (NYT)

Agriculture firm Bunge Ltd. says the world will need to rely on corn from South America. (FT)

Douglas A. McIntyre

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