Media Digest (7/10/2012) Reuters, WSJ, NYT, FT, Bloomberg

Intel (NASDAQ: INTC) invests in next-generation chip company ASML (NASDAQ: ASML). (Reuters)

The Federal Reserve Bank of New York may have known in 2007 that the way Libor was set was incorrect. (Reuters)

The European Union gives Spain more time to close its deficit. (Reuters)

Norway steps in to prevent a labor strike that would have cut its oil output. (Reuters)

Google (NASDAQ: GOOG) may pay $22.5 billion to settle privacy charges brought by the FTC that allege Google software breached privacy settings in Apple (NASDAQ: AAPL) apps. (WSJ)

Chief financial officer pay rose only 2.1% last year. (WSJ)

Sony (NYSE: SNE) will use access to the cloud to stream games. (WSJ)

The European Central Bank will do more to ease borrowing costs if the situation in Europe worsens. (WSJ)

Patriot Coal (NYSE: PCX) files for Chapter 11. (WSJ)

Campbell Soup (NYSE: CPB) buys Bolthouse Farms for $1.55 billion. (WSJ)

Corn futures move up 4% to $7.7525 in one day due to drought conditions. (WSJ)

France raises short-term debt with a negative yield. (WSJ)

Regulators examine the change of CEOs at Duke Energy (NYSE: DUK). (NYT)

Spain will get $37 billion this month as the EU works to stem financial problems in the nation. (NYT)

Alcoa (NYSE: AA) says low aluminum prices hurt its results. (FT)

Iran’s oil output hits a 20-year low. (FT)

Orders for Boeing (NYSE: BA) jets surge against those of Airbus. (Bloomberg)

Douglas A. McIntyre