Media Digest (7/18/2012) Reuters, WSJ, NYT, FT, Bloomberg

Yahoo!’s (NASDAQ: YHOO) profits fall slightly. (Reuters)

Intel’s (NASDAQ: INTC) forecast implies PC sales will be weak. (Reuters)

The head of the holding company for British Air and Iberia says an AMR merger with US Airways (NYSE: LCC) would help the industry. (Reuters)

General Motors (NYSE: GM) will increase its spending as the new Cadillac ATS tries to take share from BMW. (Reuters)

China’s Wen Jiabao says his nation needs to push for future job growth. (Reuters)

Google (NASDAQ: GOOG) reports there will not be an import ban on its smartphones. (Reuters)

Some cable companies support DirecTV (NASDAQ: DTV) in its battle with Viacom (NASDAQ: VIAB) over programming rights. (WSJ)

Credit Suisse (NYSE: CS) says it plans to increase capital by $15.67 billion before the end of the year. (WSJ)

GM’s Opel appoints a temporary CEO. (WSJ)

Alcatel-Lucent (NYSE: ALU) says profits will miss targets this year. (WSJ)

Several universities, including CalTech and Duke, to offer free courses available worldwide. (WSJ)

India to open some of its key industries to foreign ownership. (WSJ)

Greece will try to raise a bridge loan to cover some redemptions. (WSJ)

IBM (NYSE: IBM) targets corporate marketers with tools to manage relationships. (WSJ)

EU antitrust officials say Microsoft (NASDAQ: MSFT) did not honor restrictions on its browser. (WSJ)

Yahoo!’s new CEO must bring in revenue and increase morale. (NYT)

A new study shows states will take years to rebound financially, even if the recession ends. (NYT)

The Federal Reserve says Libor is “structurally flawed.” (FT)

Profit estimates for Europe-based companies have been cut the most since 2009. (Bloomberg)

Facebook (NASDAQ: FB) shares fall after research shows people used the site less than earlier in the year. (Bloomberg)

Douglas A. McIntyre