Media Digest (8/7/2012) Reuters, WSJ, NYT, FT, Bloomberg

Chesapeake Energy Corp. (NYSE: CHK) sells assets to improve earnings. (Reuters)

Standard Chartered may lose its New York banking license over allegations it hid $250 billion in transactions tied to Iran. (Reuters)

Acer may want to review its relationship with Microsoft Corp. (NASDAQ: MSFT) as part of the software company’s launch of its own tablet. (Reuters)

Apple Inc. (NASDAQ: AAPL) will not include Google Inc.’s (NASDAQ: GOOG) preloaded YouTube app in its products. (Reuters)

Apple and Google may bid $200 million for Kodak patents. (WSJ)

Eric Rosengren, the president of the Federal Reserve Bank of Boston, calls for aggressive bond buying by the central bank. (WSJ)

The International Monetary Fund wants to relax conditions of its loans to Greece. (WSJ)

The FAA may levy more than $162 million in penalties against AMR, parent of American Airlines. (WSJ)

The demand for mortgages has risen, according to the Fed. (WSJ) Inc. (NASDAQ: AMZN) has created lockers in some locations where customers can pick up orders. (WSJ)

HCA Holdings Inc. (NYSE: HCA) says it is being reviewed for whether some heart procedures performed in its facilities were necessary. (WSJ)

Late stage trials of an Alzheimer’s drug are abandoned by Johnson & Johnson (NYSE: JNJ) and Pfizer Inc. (NYSE: PFE). (WSJ)

Baidu Inc. (NASDAQ: BIDU) fires four employees who deleted entries in exchange for money. (WSJ)

Jefferies Group Inc. (NYSE: JEF) and TD Ameritrade Holding Corp. (NYSE: AMTD) put money into Knight Capital Group Inc. (NYSE: KCG). (WSJ)

Royal Bank of Scotland Group PLC (NYSE: RBS) sells assets to improve its balance sheet. (WSJ)

American investors put money into bonds from Norway and Australia as yields on Treasuries fall. (NYT)

General Motors Co. (NYSE: GM) faces a suit for blocking a financial bailout of Saab. (NYT)

Low bids for Kodak patents hurt its chances to use Chapter 11 as a way to get high value for assets. (FT)

Citigroup Inc. (NYSE: C) may book a $6 billion loss on its portion of a joint venture that owns Smith Barney. (Bloomberg)

Douglas A. McIntyre

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