Media Digest (7/20/2011) Reuters, WSJ, NYT, FT, Bloomberg

Yahoo!’s (NASDAQ: YHOO) revenue fell (Reuters)

A settlement of the debate over the U.S. debt pushed crude higher (Reuters)

Samsung released a new Galaxy tablet to further compete with the Apple iPad (Reuters)

T-Mobile will offer an unlimited data plan (Reuters)

Apple directors may have had discussions about a replacement for Steve Jobs (Reuters)

Goldman Sachs (NYSE: GS) made fewer bond investments, which drove its profits lower. It will fire 1,000 people (WSJ)

The failure of Eli Lilly’s (NYSE: LLY) Alzheimer’s drug raised concerns about related treatments (WSJ)

Bank of America (NYSE: BAC) said it hoped for an increase in business lending (WSJ)

The LSE expects few IPOs this summer (WSJ)

Nokia (NYSE: NOK) is expected to say its business has fallen further (WSJ)

The FBI began an investigation into whether any properties of News Corp (NYSE: NWS) in the U.S. hacked phones of 9/11 victims (WSJ)

China will begin to explore deep seas for new minerals (WSJ)

EU leaders appeared closer to a deal to aid Greece (WSJ)

The IMF warned that euro-zone problems could affect financial stability outside the region (WSJ)

HSBC has begun to cut relationships with Americans who may park money outside the country to save on taxes (WSJ)

The SEC and CFTC do not have the resources to handle their jobs as new responsibilities are added due to recent legislation (WSJ)

Intel’s (NASDAQ: INTC) earnings will suffer short term as the period of PC dominance ends (WSJ)

Global hedge fund assets were over $2 trillion at the end of last quarter (WSJ)

The U.S. Postal Service will try to cut the amount of real estate it holds (WSJ)

Coca-Cola (NYSE: KO) will raise prices in the U.S. by 3% in the second half (WSJ)

The U.S. government will shutter 800 computer centers and lay off thousands (NYT)

EU leaders remain concerned about the finances of Spain and Italy (NYT)

American Air (NYSE: AMR) will probably split a 600 jet order between Boeing (NYSE: BA) and Airbus (FT)

Zillow and Skullcandy IPOs priced above expected ranges (FT)

Douglas A. McIntyre

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