Media Digest (7/21/2011) Reuters, WSJ, NYT, FT, Bloomberg

Germany and France reached a deal on how to handle the Greek debt crisis (MarketWatch)

China’s PMI growth rate slowed to the lowest level since July 2010 (MarketWatch)

Apple (NASDAQ: AAPL) may soon top Exxon Mobil (NYSE: XOM) as the most valuable public company traded on U.S. markets (Reuters)

Strategy Analytics reports that sales of tablet PCs that run the Microsoft (NASDAQ: MSFT) mobile OS have passed those of the Research-In-Motion (NASDAQ: RIMM) Playbook (Reuters)

Intel’s (NASDAQ: INTC) results showed PC sales growth has slowed (Reuters)

Google (NASDAQ: GOOG) will offer credit cards to AdWord customers to help drive sales (Reuters)

Zillow’s stock doubled from its IPO price and fell back moderately at the end of yesterday (Reuters)

Google may buy InterDigital (Reuters)

Layoffs at U.S. companies have begun to rise (WSJ)

Banks have begun to sharply cut costs to offset slow loan demand (WSJ)

The IMF said China should increase the value of the yuan (WSJ)

The FCC extended the period over which it will examine an AT&T (NYSE: T) buyout of T-Mobile (WSJ)

Shareholder Citadel will try to get E*Trade (NASDAQ: ETFC) to sell itself (WSJ)

PayPal results pushed eBay (NASDAQ: EBAY) earnings higher (WSJ)

China PC giant Lenovo released a tablet PC (WSJ)

Obama is open to a short-term debt cap deal if it is tied to long-term reform (WSJ)

Quiznos may default on LBO loans (WSJ)

AMR (NYSE: AMR) will buy a number of jets from Airbus, breaking a decades-long relationship with Boeing (NYSE: BA) (WSJ)

Eastman Kodak (NYSE: EK) may sell its digital patents (WSJ)

Amazon.com (NASDAQ: AMZN) cut a deal with CBS (NYSE: CBS) to distribute TV show content (WSJ)

Concerns about China’s small banks have risen (WSJ)

Wall St. firms have set disaster plans if the U.S. debt cap is not raised (NYT)

The UAW and Detroit will battle over profits from the recently successful car companies (NYT)

Cases about potential hacking in the U.S. by News Corp (NYSE: NWS) were given to the FBI (FT)

Calpers objected to the News Corp ownership structure that gives Murdoch control (FT)

Intel (NASDAQ: INTC) and Qualcomm (NASDAQ: QCOM) expect strong results in the second half (FT)

Walmart (NYSE: WMT) will begin to offer food desserts (FT)

China will increase its regulation of property loans (Bloomberg)

Saudi Prince Alwaleed bin Talal Al Saud, a large News Corp shareholder, gave Murdoch a vote of confidence (Bloomberg)

Douglas A. McIntyre