Media Digest (7/17/2012) Reuters, WSJ, NYT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Yahoo! (NASDAQ: YHOO) appoints Google’s (NASDAQ: GOOG) Marissa Mayer as CEO. (Reuters)

A Senate report says that HSBC (NYSE: HBC) handled Iran and drug cartel funds. (Reuters)

Many investors do not like Google’s move into hardware. (Reuters)

Comcast (NASDAQ: CMCSA) buys out Microsoft’s (NASDAQ: MSFT) share of MSNBC.com. (Reuters)

Goldman Sachs (NYSE: GS) begins to create a private bank. (WSJ)

A Barclays (NYSE: BCS) executive says he was following orders when he moved to fix Libor rates. (WSJ)

The International Monetary Fund cuts the world GDP forecast and voices worry about Europe. (WSJ)

General Motors (NYSE: GM) predicts more losses in Europe. (WSJ)

Moody’s cuts the ratings of 13 Italian banks. (WSJ)

Germany’s top court will not rule on the constitutionality of bailout funds until well into September. (WSJ)

SUPERVALU (NYSE: SVU) will allow several investors to examine its financials. (WSJ)

Companies that do business in China say their results there are slowing. (WSJ)

Microsoft releases a new version of Office that uses the cloud. (WSJ)

Citigroup (NYSE: C) builds its businesses in the developing world. (WSJ)

Persistent drought in some parts of the country push up corn prices again. (WSJ)

The United States will tighten security around the release of critical economic data. (NYT)

Credit card companies may allow merchants to charge fees for their use. (NYT)

Bill Gross of PIMCO says the U.S. is close to recession. (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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