Media

Media Digest (8/1/2012) Reuters, WSJ, NYT, FT, Bloomberg

Facebook Inc. (NASDAQ: FB) shares reach an all-time low as doubts about its business model grow. (Reuters)

China’s PMI for July falls. (Reuters)

Home prices may have steadied, according to Case-Shiller data. (Reuters)

Apple Inc. (NASDAQ: AAPL) and Samsung spar ahead of arguments at an IP trial. (Reuters)

Google Inc. (NASDAQ: GOOG) buys social network firm Wildfire. (Reuters)

A bankruptcy trustee says MF Global customers may get all of their money back. (WSJ)

The FTC may tighten rules about how information can be gathered about children on the web and through apps. (WSJ)

Société Générale earnings are hurt by write-downs in Russia. (WSJ)

The European Central Bank and German central bankers continue to fight over purchases of sovereign bonds in weak economies. (WSJ)

BMW’s profit falls but it supports its forecast for the year. (WSJ)

MGM may buy out Carl Icahn and set an IPO of its studio. (WSJ)

Take-Two Interactive Software Inc. (NASDAQ: TTWO) reports a huge loss for its most recent quarter. (WSJ)

Crop insurance and hedging protect profits for many farmers. (WSJ)

Congress agrees to extend funding for the government for six months. (WSJ)

Americans are saving money and not spending it. (WSJ)

Spain reports its deficit has grown more than expected. (WSJ)

Microsoft Corp. (NASDAQ: MSFT) changes its e-mail brand from Hotmail to Outlook.com. (WSJ)

Zynga Inc. (NASDAQ: ZNGA) reorganizes its top execs to address earnings problems. (WSJ)

Retailers add more appliances to stores as people prefer to shop for expensive items in person. (WSJ)

Chrysler currently supports trouble at Fiat, its stablemate. (WSJ)

More and more economists set plans to save the eurozone. (NYT)

The Securities and Exchange Commission wants regulations to make the muni bond market more transparent. (NYT)

China, South Korea and Taiwan all report slower growth. (FT)

Developing economies face higher food prices. (FT)

A travel site owned by Baidu Inc. (NASDAQ: BIDU) doubles its revenue. (Bloomberg)

Douglas A. McIntyre

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