Media Digest (8/1/2011) Reuters, WSJ, NYT, FT, Bloomberg

A debt deal agreed to by both parties will be voted on today (Reuters)

The debt deal is likely to cause a sharp improvement in stock prices (Reuters)

Hackers said they hit a cyber supplier to the US government (Reuters)

The global debt markets have changed radically as deficit troubles spread from nation to nation (WSJ)

Facial recognition products used by Facebook and Google (NASDAQ: GOOG) has pulled sharp rebukes from privacy advocates (WSJ)

Senior executives at public companies are leaving for smaller private ones in the hopes of making money from IPOs (WSJ)

UK and EU oil companies have reported drops in output (WSJ)

Wal-Mart (NYSE: WMT) is buying more of its fresh produce from suppliers close to its stores (WSJ)

The UK economy is expected to slow much more than forecast earlier this year (WSJ)

Drug companies are finding it is harder to get insurance companies to cover new drugs (WSJ)

Companies have become more likely to offer pay raises even as they resist new hiring (WSJ)

Hay Group reports that the average pay of board of directors members grew last year (WSJ)

The Fed may launch QE3 if factory activity slows (WSJ)

More oil companies have decided to hold crude in tankers to make money based on supply needs (WSJ)

Experts say new spending cuts built into the budget will slow economic growth (NYT)

Many economists want the US to focus on long-term financial health and not immediate cuts (NYT)

A Stanford University study says data centers use less power than expected, to some extent because of the slow economy (NYT)

The New Yorker leads sales of Apple (NASDAQ: AAPL) iPad apps among all Conde Nast publications (NYT)

HSBC (NYSE: HBC) will cut 10,000 jobs (NYT)

China’s PMI for July showed positive movement (FT)

IMF chief Lagarde says Europe is harmed because governments there send different signals about the region’s economy (FT)

Pensions have not been able to match the investment results of large hedge funds (FT)

More US companies have started to offer healthy fast food alternatives (FT)

Spain’s election may cause more austerity moves (Bloomberg)

Obama lost a chance to raise taxes and cuts entitlements based on the new budget details (Bloomberg)

Douglas A. McIntyre