Media Digest (6/15/2011) Reuters, WSJ, NYT, FT, Bloomberg

Obama has tried to get the business community to support his concern that the lack of approval of an increase in the debt cap would be a catastrophe (Reuters)

A former head of the IMF said a Greek default could be contained (Reuters)

US power in the global financial world may fall if it does not keep control of the World Bank (Reuters)

Pandora priced above $16, which is above its range (Reuters)

Acer cut tablet shipments by 60% (Reuters)

DST may get a buyout offer (Reuters)

The Administration will consider a payroll tax cut to stimulate the economy (WSJ)

Boeing (NYSE: BAC) and the NLRB fought over a non-union plant (WSJ)

Regulators have delayed rules for the derivative markets which were supposed to be in place next month (WSJ)

JPMorgan (NYSE: JPM) replaced the head of one of its largest divisions (WSJ)

Courts approved a Google (NASDAQ: GOOG) bid for Nortel patents (WSJ)

Best Buy (NYSE BBY) profits fell (WSJ)

Nintendo 3DS owners can now share data and games on social networks (WSJ)

JC Penney (NYSE: JCP) hired the head of Apple’s (NASDAQ: AAPL) retail division (WSJ)

Bernanke warned politicians that the debt cap debate could have dire consequences (WSJ)

The members at the Fed meeting next week are not likely to change monetary policy (WSJ)

The head of the NRC disputes reports that he did not reveal data on nuclear waste sites (WSJ)

China raised bank reserve rates (WSJ)

Euro-zone officials continues to debate a Greek bailout (WSJ)

Freedom Communications and MediaNews talks to merge the newspaper chains faltered (WSJ)

Japan may set up a claim process to save Tepco which may have to cover $100 billion in liabilities (WSJ)

Boston Consulting Group said more efficient gas powered cars are more likely to cut national fuel emissions that electric cars are, in the short term (WSJ)

Dupont will delay release of new soybean seed because of a dispute with Monsanto (WSJ)

Bank M&A has dropped sharply this year (WSJ)

Hotel rates have risen along with occupancy (WSJ)

Walmart (NYSE: WMT) workers have decided to create a non-union alliance (NYT)

A study by the National Federation of Independent Business says its members plan to cut payrolls (NYT)

Regulators have examined Merrill Lynch CDO sales (FT)

A new Greek bailout would have short term costs of 200 billion euros (FT)

Regulators want Citigroup (NYSE: C) to release data on a hack of its credit card system, probably to prevent other such attacks (FT)

Sale of the assets of troubled EU nations may be hurt as investors look for better returns in Asia (Bloomberg)

Greek workers held more strikes against austerity (Bloomberg)

Tata Consultancy has hired 70,000 people (Bloomberg)

Douglas A. McIntyre