Media Digest (10/27/2011) Reuters, WSJ, NYTimes, FT, Bloomberg

Eurozone officials decide on a second bailout of Greece and a larger EFSF. (Reuters)

Private financial firms have positive reactions to the Obama plan to aid more homeowners with underwater mortgages. (Reuters)

Research In Motion (NASDAQ: RIMM) faces consumer suits over an outage of its BlackBerry network. (Reuters)

Sony (NYSE: SNE) buys the 50% of the Sony Ericsson smartphone that it does not already own. (Reuters)

Democrats’ $3 trillion budget reduction plan would reduce some Medicare benefits. (Reuters)

Nintendo reports a quarterly loss and cuts forecasts. (Reuters)

Sprint-Nextel (NYSE: S) may have to raise money to pay for its costs to offer customers the Apple (NASDAQ: AAPL) iPhone. (Reuters)

RIM delays update of BlackBerry OS. (Reuters)

Bank of New York Mellon (NYSE: BK) faces more charges on its fees for currency trading. (WSJ)

Credit card agencies offer programs to predict consumer behavior. (WSJ)

Freddie Mac CEO resigns. (WSJ)

UAW members approve a deal with Chrysler. (WSJ)

China rejects any efforts to raise the value of the yuan. (WSJ)

Ford’s (NYSE: F) sales efforts in Europe and Asia produce few results. (WSJ)

Dan Burke, former president of Cap Cities/ABC, dies at 82. (WSJ)

Walmart (NYSE: WMT) closes its fashion operations as it moves back to basic apparel. (WSJ)

Boeing (NYSE: BA) raises its full-year order forecast. (WSJ)

Nokia (NYSE: NOK) releases its first phone powered by Microsoft’s (NASDAQ: MSFT) Windows mobile OS. (WSJ)

Troubled MF Global (NYSE: MF) may offer itself for sale. (WSJ)

AIG (NYSE: AIG) to sell part of its piece of AIA Group. (WSJ)

New rules will force large hedge funds to disclose their financial positions. (NYT)

BP (NYSE: BP) gets approval to drill again in the Gulf of Mexico. (NYT)

EU banks will have to raise 106 billion euro as part of the region’s refinance plans. (FT)

Nintendo predicts its first annual loss in 30 years. (Bloomberg)

Douglas A. McIntyre