Media Digest (7/3/2012) Reuters, WSJ, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
Bob Diamond, CEO of Barclays (NYSE: BCS), quits. (Reuters)

Microsoft (NASDAQ: MSFT) takes a $6.2 billion write-off, primarily due to its buyout of aQuantive. (Reuters)

The U.S. probe begins on whether Chesapeake Energy (NYSE: CHK) and Encana (NYSE: ECA) colluded on land price deals. (Reuters)

Samsung loses a legal effort to lift a ban on sales of its tablets in the U.S. — a win for rival Apple (NASDAQ: AAPL). (Reuters)

Carl Icahn presses his proxy fight for Forest Labs (NYSE: FRX). (Reuters)

For-profit colleges benefit from “a ruling overturning a main component of federal regulations that would have penalized the schools for graduating students with substantial debt.” (WSJ)

Greece will bid for a better bailout deal that would include a rescue of its banks. (WSJ)

The average price of homes in China’s 100 largest cities rises for the first time in nine months. (WSJ)

Car sales in India slow considerably. (WSJ)

General Motors (NYSE: GM) may return to Facebook as an advertiser. (WSJ)

Fiat may export more cars to the United States. (WSJ)

Record heat threatens the U.S. grain harvest. (FT)

Apple fails to get U.S. officials to ban HTC phones. (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.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

AKAM Vol: 21,556,944
MU Vol: 65,135,624
INTC Vol: 227,504,426
MNST Vol: 15,284,847
DELL Vol: 12,167,525

Top Losing Stocks

MSI Vol: 3,101,643
EXPE Vol: 4,189,786
CTRA Vol: 73,319,495