Media Digest (7/24/2012) Reuters, WSJ, NYT, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Carlyle (NASDAQ: CG) may buy a unit of United Technologies (NYSE: UTX). (Reuters)

More factories move to the United States as China’s manufacturing costs rise. (Reuters)

The CEOs of Apple (NASDAQ: AAPL) and Samsung continue to disagree on the value of disputed patents. (Reuters)

Texas Instruments (NASDAQ: TXN) says earnings were hurt by falling orders. (Reuters)

A number of bank traders are being investigated over Libor rigging. (WSJ)

PMI data for China drops in July but the pace slowed. (WSJ)

ShopRunner hires ex-Yahoo! (NASDAQ: YHOO) CEO Scott Thompson. (WSJ)

Cisco Systems (NASDAQ: CSCO) to fire 1,300 workers. (WSJ)

Fairfax Financial Holdings increases its stake in Research In Motion (NASDAQ: RIMM) to almost 10%. (WSJ)

Pfizer (NYSE: PFE) and Johnson & Johnson (NYSE: JNJ) announce their trials of Alzheimer’s drug bapineuzumab failed. (WSJ)

McDonald’s (NYSE: MCD) second-quarter earnings fall because of the economy. (WSJ)

VMWare (NYSE: VMW) buys Nicira for about $1.26 billion. (WSJ)

Citigroup (NYSE: C) Chairman Michael E. O’Neill becomes more involved in the firm’s daily activity. (WSJ)

The deputy chairman of Barclays (NYSE: BCS) says he will not seek the chairman’s role. (NYT)

Newsweek and The Daily Beast are dumped by the Harman family, leaving them to count on investment from IAC/InterActiveCorp (NASDAQ: IACI). (NYT)

Moody’s warns on the sovereign debt ratings of Germany, the Netherlands and Luxembourg. (FT)

News Corp. (NASDAQ: NWSA) and AT&T (NYSE: T) build tablets for educational purposes. (FT)

SAP’s (NYSE: SAP) profits rise on a sharp increase in software demand. (Bloomberg)

Corn crops in southern Europe are damaged by heat, as are those in the United States. (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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