Media

Media Digest (7/30/2012) Reuters, WSJ, NY Times, FT

General Motors (NYSE: GM) fires its marketing head because of a deal he set for soccer sponsorships. (Reuters)

HSBC (NYSE: HBC) is under U.S. investigation over Libor manipulation. (Reuters)

The Apple (NASDAQ: AAPL) patent trial with Samsung begins as the two fight over intellectual property that could be worth billions of dollars. (Reuters)

The court fight between Apple and Samsung could help Apple’s claim that Google (NASDAQ: GOOG) Android IP infringes on its patents. (WSJ)

Ten consecutive quarters of profit increases for large U.S. companies may end due to the global slowdown. (WSJ)

Bank of America (NYSE: BAC) directors debate breaking up the bank and decide not to. (WSJ)

Federal prosecutors investigating overseas bribes at Avon (NYSE: AVP) want to meet former CEO Andrea Jung. (WSJ)

Retailers use online customer reviews to improve service and find flaws in their businesses. (WSJ)

The debate intensifies about whether to forgive some mortgage obligations to bring back the housing market. (WSJ)

The drought badly hurts Archer Daniels Midland’s (NYSE: ADM) earnings. (WSJ)

Mario Draghi, head of the European Central Bank, faces questions about how he will help the region as he said he would. (NYT)

The head of General Electric (NYSE: GE) says nuclear power is harder to market as large nations turn to natural gas. (FT)

Douglas A. McIntyre

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today.  Don’t miss these offers because they won’t be this good forever.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.