Media Digest (6/21/2011) Reuters, WSJ, NYT, FT, Bloomberg

Fitch said a voluntary roll-over of Greece sovereign debt would be viewed as a default. (Reuters)

This week is critical to US budget talks as an August 2 deadline looms. (Reuters)

Wal-Mart (NYSE: WMT) won a case in which female employees sought to file a class action discrimination suit. (Reuters)

Facebook moved into the top spot among US sites based on display advertising market share. (Reuters)

Nokia (NYSE: NOK) launched its first Microsoft (NASDAQ: MSFT) Windows-powered smartphone. (Reuters)

VCs still back China net start-ups despite accounting scandals dogging some of  them. (Reuters)

Foster rejected a $10 billion offer from SAB Miller. (Reuters)

Inflation in China has been passed on to the cost of many US goods, which causes inflation. (WSJ)

Financial regulators sued JP Morgan (NYSE: JPM) and RBS over $3 billion in mortgage bonds sold to credit unions.  (WSJ)

The EU linked aid to budget cuts. (WSJ)

The American Customer Satisfaction Index showed airline ratings fell. (WSJ)

The Labor Department plans to ask companies to reveal more about attempts by their workers to unionize. (WSJ)

The IMF said debt problems in Europe could cripple the economic recovery. (WSJ)

Heavy orders for Boeing (NYSE: BA) and Airbus planes were based on a need for airlines to find fuel-efficient equipment.  (WSJ)

The head of Boeing said the firm would win a fight with the National Labor Relations Board over the staffing of a new factory. (WSJ)

EMI is for sale again and could be broken up. (WSJ)

LightSquared, meant to deliver new 4G service, may cause problems with national GPS systems. (WSJ)

Low interest rates offered by banks to large companies may not cover the risk involved. .(WSJ)

The FTC will consider whether the prices of oil futures were manipulated (WSJ)

Tepco’s credit rating was cut to junk.  (WSJ)

A government audit shows food recalls of foreign foods are done too slowly. (NYT)

China has shifted investment dollars from the US to EU region debt. (FT)

Norway’s oil fund expressed support for the viability of the euro. (Bloomberg)

A Research In Motion (NASDAQ: RIMM) takeover by Microsoft (NASDAQ: MSFT) seems more likely. (Bloomberg)

Douglas A. McIntyre