Media

Media Digest (6/20/2012) Reuters, WSJ, NYT, FT, Bloomberg

The Federal Reserve may act to spur the faltering economy. (Reuters)

The G20 backs aggressive actions to combat Europe’s financial problems. (Reuters)

Microsoft (NASDAQ: MSFT) did not tell its PC customers, including Hewlett-Packard (NYSE: HPQ) and Dell (NASDAQ: DELL), about its Surface tablet PC. (Reuters)

Apple (NASDAQ: AAPL) and Google (NASDAQ: GOOG) will return to court to fight over whether Motorola phones violate Apple’s patents. (Reuters)

Japan Airlines will try to relist its shares and raise $6 billion in an IPO. (Reuters)

Some cities’ homes markets have exited the home price downturn much more quickly than others. (WSJ)

The leaders of Credit Suisse (NYSE: CS) are under pressure to solve a problem with their capital levels. (WSJ)

Advertisers, including Ford (NYSE: F) and Coca-Cola (NYSE: KO), say they have successful relationships with Facebook (NASDAQ: FB). (WSJ)

Barnes & Noble’s (NYSE: BKS) Nook sales falter, which hurts its earnings. (WSJ)

The bandwidth Apple’s FaceTime app uses may help carriers get more revenue from subscribers. (WSJ)

Research In Motion (NASDAQ: RIMM) begins firing workers. (WSJ)

Germany and France both show drops in consumer confidence this month. (WSJ)

Walgreen (NYSE: WAG) buys a minority interest in Europe pharmacy giant Alliance Boots for $6.7 billion. (WSJ)

Indian and Chinese oil companies to begin joint exploration programs. (WSJ)

FedEx (NYSE: FDX) says it faces more competition from delivery companies, which include shipping. (WSJ)

A key unit sale that will take MetLife (NYSE: MET) out of its status as a “bank” is delayed. (WSJ)

A short squeeze sends cotton prices up 6%. (WSJ)

Cities and states continue to cut workers, which may hamper the national economic recovery. (NYT)

The U.S. presses Germany to help lower borrowing costs for some EU nations. (FT)

Italy’s banks face a challenge as they try to raise capital levels. (Bloomberg)

China Unicom (NYSE: CHU) will cut some phone prices by 30%. (Bloomberg)

Douglas A. McIntyre

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