The only way to fix the U.S. economy may be massive debt reductions for individuals and governments. (Reuters)

Greece misses GDP targets. (Reuters)

Intel (NASDAQ: INTC) buys mobile navigation company Telmap. (Reuters)

Alibaba’s CEO says he wanted his company to buy Yahoo! (NASDAQ: YHOO). (Reuters)

Warren Buffett buys more shares in Bank of America (NYSE: BAC) in a show of support. (Reuters)

Obama to send trade deals with South Korea, Panama and Columbia to Congress to resolve their fates. (WSJ)

Citigroup (NYSE: C) may shake up Tokyo management after problems with the government. (WSJ)

Global investors set a move to safety as a primary goal. (WSJ)

IMF’s concerns grow about any global expansion. (WSJ)

Daimler’s CEO says truck sales strengthen. (WSJ)

Many well-educated Americans lack skills to be employed. (WSJ)

Apple’s (NASDAQ: AAPL) new iPhone faces the risk that there are not many phones like it. (WSJ)

Las Vegas Sands (NYSE: LVS) expects strong results from China. (WSJ)

Companies with large numbers of Facebook fans try to figure out how to use them. (WSJ)

Long-term Treasuries were one of the best investments of recent quarters. (WSJ)

IPO numbers have fallen sharply. (WSJ)

Mashable, a site about online culture, draws many advertisers. (NYT)

Bob Pittman named CEO of Clear Channel. (NYT)

Hong Kong stocks hit their lowest level since May 2009 on EU worries. (FT)

Some in the Congress push for legislation on China currency manipulation. (FT)

Drought batters Texas cattle industry. (FT)

Greece to cut another $8.8 billion to bring its budget closer to 2012 goals. (Bloomberg)

Euro hits a multimonth low against the dollar. (Bloomberg)

So far, Research In Motion (NASDAQ: RIMM) beats Apple in India’s smartphone market. (Bloomberg)

Douglas A. McIntyre

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