Reuters: The promise of mobile TV is being destroyed by smartphone use of software applications.
Reuters: More attacks on websites in the West are expected and North Korea is suspected.
Reuters: China has arrested Rio Tinto (RTP) employees.
Reuters: The age of the media mogul may be over.
Reuters: Alcoa’s (AA) quarterly loss was smaller than expected.
Reuters: CIT (CIT) is urging the government to back its bonds.
Reuters: Blackrock (BLK) will raise $5 billion for a federal program to buy toxic assets from banks. (C)(BAC)
Reuters: AIG (AIG) is in talks to sell a unit to Met Life (MET).
Reuters: Pickens pull back from wind energy could affect the future of the energy source.
Reuters: Wall St may be facing a large correction.
Reuters: JP Morgan (JPM) and Bank of America (BAC) are moving credit card holders to variable rates.
Reuters: US consumer credit fell $3.23 billion in May.
WSJ: The Administration is pondering whether it should re-appoint Bernanke as Fed chairman.
WSJ: A House climate bill would favor US companies raising free trade concerns.
WSJ: A key official is leaving the SEC.
WSJ: GM is still working on the severance for former CEO Rick Wagoner.
WSJ: Google (GOOG) is targeting Microsoft’s (MSFT) desk top application business.
WSJ: Subprime is resurfacing as a housing market problem.
WSJ: Las Vegas Sands (LVS) is considering an IPO of its Macau assets.
WSJ: Empty malls are triggering rent cuts.
WSJ: The Swiss will block any order for UBS (UBS) to provide data.
WSJ: States will use federal funds to plug budget gaps.
WSJ: OPEC cut its oil investment forecast.
WSJ: Ad spending on social networks is expected to drop this year.
WSJ: EMC (EMC) is likely to prevail in its bid for Digital Domain.
WSJ: The US will crack down on suppliers who employ illegal aliens.
WSJ: Prudential (PRU) will start to loan money to mid-sized firms.
WSJ: China plans to sell a large number of bills to cut liquidity in the nation.
WSJ: The interest rates that the US government is paying on debt may not keep falling.
WSJ: Many are skeptical about Google’s (GOOG) plan to take on Microsoft (MSFT) in the OS business.
WSJ: Hyundai may have trouble hanging on to market share if it drops incentives.
WSJ: GM’s fate rides with Chevy, which could be 70% of its sales next year.
WSJ: Panasonic is going after the appliance business in emerging markets.
WSJ: Toyota (TM) is seeing a recovery of its business in China.
WSJ: NRG rejected Exelon’s bid.
NYT: Leaders of big unions are being distracted by disputes.
NYT: “The Obama administration has had to adjust its plans for banks because many do not like the strings attached to government programs.”
NYT: The Jackson memorial service set audience records on TV and the web.
NYT: Best Buy (BBY) and Tivo (TIVO) are forming an alliance.
FT: The IMF says that the world is pulling out of recession.
FT: The G8 failed to agree on an economic boost package.
Bloomberg: Citigroup (C) says AIG (AIG) has zero value for private holders.
Bloomberg: China car sales moved up 48% in June.
Douglas A. McIntyre
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