Media Digest (8/25/2011) Reuters, WSJ, NYTimes

Steve Jobs resigns as CEO of Apple (NASDAQ: AAPL) and will be chairman. Tim Cook to take over as CEO. (Reuters)

Gold falls sharply and may be hurt by CME (NASDAQ: CME) margin requirements. (Reuters)

Hulu has interest from Yahoo! (NASDAQ: YHOO), Google (NASDAQ: GOOG), (NASDAQ: AMZN) and DirecTV (NASDAQ: DTV). (Reuters)

The FCC asks AT&T (NYSE: T) for more information on its bid for T-Mobile. (Reuters)

Demand for junk bonds nearly disappears. (WSJ)

The CBO says the real estate market makes economic forecasts difficult. (WSJ)

European banks face difficulty getting new funds to bolster balance sheets. (WSJ)

France offers new budget cuts and plans to accelerate growth to close budget gaps. (WSJ)

The SEC wants more information about fracking from companies that employ the practice. (WSJ)

Google settles drug ad violation with Canada for $500 million. (WSJ)

A Dutch court bans some Samsung phones due to violations of Apple patents. (WSJ)

Applied Materials (NASDAQ: AMAT) says there is a tech demand slowdown. (WSJ)

Carriers work with outside tech firms to expand broadband mobile capacity. (WSJ)

Nokia (NYSE: NOK) upgrades its smartphones. (WSJ)

Japan continues to work to bring down the yen. (WSJ)

Obama may push to allow people to refinance mortgages at current low rates. (NYT)

Companies move production of rare earths to China, which has over 90% of the world’s capacity. (NYT)

Douglas A. McIntyre

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