Media Digest (9/13/2011) Reuters, WSJ, NYTimes, Bloomberg

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John Chambers of Cisco (NASDAQ: CSCO) to preside over the company’s analyst meeting, perhaps for the last time. (Reuters)

Merkel says the euro has no orderly method for a default. (Reuters)

The Nintendo 3DS sells poorly. (Reuters)

Google (NASDAQ: GOOG) Offers, meant to compete with Groupon and LivingSocial, struggles. (Reuters)

McGraw-Hill (NYSE: MHP), under pressure from some shareholders, will split into two pieces. (WSJ)

European banks hit hard by fears of Greek debt. (WSJ)

Republicans reacted poorly to the Obama tax plan meant to pay for his jobs program. (WSJ)

Student loan defaults rise sharply. (WSJ)

Banks ask for new home appraisals in the wake of Hurricane Irene. (WSJ)

China may buy a large number of Italian bonds. (WSJ)

OECD’s composite leading indicators shows a global slowdown. (WSJ)

The Graduate Management Admission Council says fewer people want MBAs. (WSJ)

GE (NYSE: GE) to increase its presence in Germany to press rival Siemens (NYSE: SI). (WSJ)

Ford (NYSE: F) to launch a new three-cylinder engine. (WSJ)

Broadcom (NASDAQ: BRCM) to buy NetLogic (NASDAQ: NETL) for $3.7 billion. (WSJ)

Best Buy (NYSE: BBY) investors must rely on the company’s cash balance to support its stock for now. (WSJ)

Canadian wheat farmers continue to back the Canadian Wheat Board. (WSJ)

Groupon faces slowing revenue growth. (WSJ)

Microsoft (NASDAQ: MSFT) must get app developers to make Windows 8 successful. (NYT)

Merkel is at the center of the Greek default storm. (NYT)

Detroit relies on a two-tier wage system that pays new employees lower salaries. (NYT)

European banks likely to cut more staff. (Bloomberg)

Morgan Stanley says Apple (NASDAQ: AAPL) may offer a dividend or share buyback. (Bloomberg)

Douglas A. McIntyre