Media Digest (7/23/2112) Reuters, WSJ, NYT, FT, Bloomberg

Apple (NASDAQ: AAPL) will shrink the connector for the iPhone 5. (Reuters)

Greece presses for billions of euros in budget cuts before aid payments. (WSJ)

Eastman Kodak loses several patent disputes, which puts the bankrupt company at risk for liquidation. (WSJ)

Facebook (NASDAQ: FB) will announce revenue as worries linger. (WSJ)

Fitch downgrades Nokia (NYSE: NOK). (WSJ)

A plan to create a eurozone-wide bank regulator comes up against the desire of nations to oversee their own financial firms. (WSJ)

Twitter and NBC form a partnership for the Olympics. (WSJ)

Investors move into stocks with strong dividends as markets fall. (WSJ)

McDonald’s (NYSE: MCD) continues to do well as people come to view fast food as a luxury that is affordable. (WSJ)

Concerns about Iran push oil prices up 18% over the past three weeks. (WSJ)

Sprint Nextel (NYSE: S) may lack enough spectrum to accommodate the iPhone 5. (WSJ)

Caterpillar (NYSE: CAT) continues to press unions for concessions. (NYT)

Nokia to change its marketing strategy. (FT)

A poor jobs outlook puts pressure on the Fed. (FT)

Europe’s banks cut U.S. holdings. (FT)

U.S. buyers turn to Brazil for corn. (FT)

As major U.S. companies cut earnings forecasts, recession fears rise. (FT)

The issue of Greece leaving the eurozone emerges again. (Bloomberg)

As iPhone users wait for the new model, Apple’s sales may fall. (Bloomberg)

Douglas A. McIntyre