Media Digest (6/12/2012) Reuters, WSJ, NYT, Bloomberg

Apple (NASDAQ: AAPL) will challenge Google (NASDAQ: GOOG) with its own map service. (Reuters)

A Manpower Group survey shows that companies in most parts of the world do not want to add workers. (Reuters)

The bailout of Spain does not cheer U.S. markets. (Reuters)

The National Governors Association and National Association of State Budget Officers report that budget situations have improved, but that most will keep expenses low. (Reuters)

Apple cuts a deal with map firm TomTom to power its new products. (MarketWatch)

General Motors (NYSE: GM) CEO Dan Akerson continues to struggle with the company’s ancient bureaucracy. (WSJ)

JP Morgan (NYSE: JPM) had warnings about its trading positions as early as 2010. (WSJ)

A Citigroup (NYSE: C) survey reports that hedge fund deposits could double in five years to $5 trillion. (WSJ)

China remains on a U.S. sanction list for continuing to import Iranian oil. (WSJ)

Europe and the International Monetary Fund will have the right to closely follow Spain’s financial progress. (WSJ)

Berkshire Hathaway’s (NYSE: BRK-A) NetJets makes record orders of planes from Cessna and Bombardier. (WSJ)

BMW and Volkwagen’s Audi have record sales again in May. (WSJ)

Civic leaders in New Orleans try to persuade Advance Publication to resume daily publication of the Times-Picayune. (WSJ)

The Saudis could agree with other OPEC nations and cut production in the hope of shoring up prices. (WSJ)

Concerns about Italy replace those about Spain’s sovereign problems. (NYT)

Apple upgrades most of its line of laptops. (NYT)

The Worldwide Cost of Living Survey shows that Tokyo has become the most expensive city for expats. (Bloomberg)

The IMF says the yen is overvalued. (Bloomberg)

Douglas A. McIntyre