Media Digest (8/1/2012) Reuters, WSJ, NYT, FT, Bloomberg

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By Douglas A. McIntyre Published
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Facebook Inc. (NASDAQ: FB) shares reach an all-time low as doubts about its business model grow. (Reuters)

China’s PMI for July falls. (Reuters)

Home prices may have steadied, according to Case-Shiller data. (Reuters)

Apple Inc. (NASDAQ: AAPL) and Samsung spar ahead of arguments at an IP trial. (Reuters)

Google Inc. (NASDAQ: GOOG) buys social network firm Wildfire. (Reuters)

A bankruptcy trustee says MF Global customers may get all of their money back. (WSJ)

The FTC may tighten rules about how information can be gathered about children on the web and through apps. (WSJ)

Société Générale earnings are hurt by write-downs in Russia. (WSJ)

The European Central Bank and German central bankers continue to fight over purchases of sovereign bonds in weak economies. (WSJ)

BMW’s profit falls but it supports its forecast for the year. (WSJ)

MGM may buy out Carl Icahn and set an IPO of its studio. (WSJ)

Take-Two Interactive Software Inc. (NASDAQ: TTWO) reports a huge loss for its most recent quarter. (WSJ)

Crop insurance and hedging protect profits for many farmers. (WSJ)

Congress agrees to extend funding for the government for six months. (WSJ)

Americans are saving money and not spending it. (WSJ)

Spain reports its deficit has grown more than expected. (WSJ)

Microsoft Corp. (NASDAQ: MSFT) changes its e-mail brand from Hotmail to Outlook.com. (WSJ)

Zynga Inc. (NASDAQ: ZNGA) reorganizes its top execs to address earnings problems. (WSJ)

Retailers add more appliances to stores as people prefer to shop for expensive items in person. (WSJ)

Chrysler currently supports trouble at Fiat, its stablemate. (WSJ)

More and more economists set plans to save the eurozone. (NYT)

The Securities and Exchange Commission wants regulations to make the muni bond market more transparent. (NYT)

China, South Korea and Taiwan all report slower growth. (FT)

Developing economies face higher food prices. (FT)

A travel site owned by Baidu Inc. (NASDAQ: BIDU) doubles its revenue. (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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