Media Digest (7/6/2011) Reuters, WSJ, NYT, FT, Bloomberg

Banks object to plans that would allow regulators to clawback pay if a bank becomes troubled and has to be liquidated (Reuters)

Geithner has not told The White House he wants to resign (Reuters)

Moody’s cut Portugal to junk and warned of a second bailout (Reuters)

AirAsia will increase its Airbus order to 300 planes (Reuters)

Berkshire Hathaway (NYSE: BRK.A) will bid for Citigroup’s (NYSE: C) financial unit (WSJ)

Many angioplasties are unnecessary (WSJ)

National Federation of Independent Business says small businesses are still in recession. A U.S. Bancorp survey showed the same. (WSJ)

The Department of Labor job study is four years late and could affect trade deals with some nations, including South Korea (WSJ)

EU banks have sold off a great deal of their Greek debt, which makes it difficult for them to have an effect on any restructuring (WSJ)

JP Morgan (NYSE: JPM) faces trouble in its overseas expansion (WSJ)

Verizon Wireless will end its unlimited data plan (WSJ)

Tamesak sold China bank shares for over $3 billion (WSJ)

Netflix (NASDAQ: NFLX) will enter the Latin American markets (WSJ)

Twitter may raise hundreds of millions of dollar, which would put a price tag on the company of $7 billion (WSJ)

Congress will consider a bill to merge Fannie Mae and Freddie Mac (WSJ)

The OECD said inflation is up in developed nations, including Canada and the U.S. (WSJ)

The U.S. told Exxon Mobil (NYSE: XOM) to make improvements to the pipeline that runs through Yellowstone and had a leak last week (WSJ)

Immucor agreed to go private for $1.97 billion (WSJ)

China may increase exports of rare earth metals, which pushed prices down (WSJ)

Komatsu outsells Caterpillar (NYSE: CAT) in China (WSJ)

A chance that the U.S. will change to international accounting rules has caused concerns among U.S. companies (WSJ)

The ECB will move interest rates up again (WSJ)

Large holders of Bank of America (NYSE: BAC) will challenge its $8.5 billion settlement with institution which it sold mortgage backed paper (WSJ)

Corn and wheat prices rose after a sharp dip last week (WSJ)

Employers took less new office space last quarter (NYT)

The National Center on Time and Learning says many schools have cut instruction hours (NYT)

The European Commission may cut roaming charges among EU nations (NYT)

The Brazilian government says battles over global currency battles continue (FT)

An increase in spending after the Japanese quake cause hopes that it will help the global recovery (FT)

Day traders played an important role in the volatility of the oil markets (FT)

Greek banks said they will roll over Greek sovereign bonds (Bloomberg)

The WTO supported concerns about China export policies (Bloomberg)

HTC posted record profits on strength in sales of Google (NASDAQ: GOOG) Android based phones (Bloomberg)

Douglas A. McIntyre