Media Digest (2/21/2012) Reuters, WSJ, FT, Bloomberg

Europe reaches a deal to bail out Greece, but not all details are set. (Reuters)

Japan and the U.S. agree on how much Japan will take in cuts to its import of Iranian oil. (Reuters)

Spain’s barter and black market activity rise during the debt crisis. (Reuters)

Twitter and Russian search engine Yandex set a joint venture. (Reuters)

China Telecom will sell the Apple (NASDAQ: AAPL) iPhone while larger China Mobile (NYSE: CHL) lacks the technology to do so. (Reuters)

The International Energy Agency says European markets can handle a drop in oil imports from Iran. (WSJ)

Ford (NYSE: F) says it expects modest gains in the Chinese market. (WSJ)

Large EU-based banks place deposits with central banks around the world to protect their balance sheets. (WSJ)

The improving economy does not help high school drop-outs. (WSJ)

Mexico and the U.S. sign a deal that will increase access to oil and gas drillers that want to operate in parts of the Gulf of Mexico. (WSJ)

Facebook profiles may be useful to predict job performance. (WSJ)

U.S. companies are closer to using global accounting rules, with a push from the SEC. (WSJ)

The price of China’s imports rises, raising the problem of U.S. inflation. (WSJ)

More U.S. companies issue no forecasts for 2012 as the economic future becomes more uncertain. (FT)

Apple may sue Chinese company Proview for defamation as part of a trademark battle between the two. (FT)

The European Central Bank says little about its role in the Greek bailout. (Bloomberg)

Douglas A. McIntyre