Media Digest (7/9/2012) Reuters, WSJ, NYT, FT, Bloomberg

Some wireless companies oppose the use of their networks as a means to make political contributions. (Reuters)

Chinese inflation falls as the nation’s economy cools. (Reuters)

The push to put together a European banking unit may come after parts of the eurozone are in too much trouble to be helped. (Reuters)

Panasonic’s new CEO will restructure much of the money-losing company. (Reuters)

Microsoft (NASDAQ: MSFT) loses its gamble that display ads on the web would be a lucrative business. (Reuters)

Celgene (NASDAQ: CELG) may make a bid for Human Genome Sciences (NASDAQ: HGSI). (Reuters)

Many earnings reports for the second quarter will be poor, which will put more pressure on the markets. (WSJ)

Almost 130 exchange-traded funds and mutual funds buy Facebook (NASDAQ: FB) shares in May. (WSJ)

Boeing (NYSE: BA) receives many more plane orders than rival Airbus. (WSJ)

Facebook has a plan to use mobile apps to target ads. (WSJ)

More mainstream companies buy patents to build defenses of their products. (WSJ)

Jason Hilar, the head of Hulu, says he has no interest in the CEO job at Yahoo! (NASDAQ: YHOO). (WSJ)

“The Amazing Spider-Man” grosses $65 million in North American ticket sales. (WSJ)

Comcast (NASDAQ: CMCSA) will sell its stake in A&E. (WSJ)

As stockpiles rise, gasoline prices will stay low. (WSJ)

Research In Motion (NASDAQ: RIMM) may face shareholder suits because of a delay of its latest product. (NYT)

Boeing and Airbus press for more consolidation among their suppliers. (FT)

More companies that sell goods and services on (NASDAQ: AMZN) begin to use computer-based tracking of customers to quickly change prices. (FT)

Corn farmers in the United States find themselves under financial pressure due to heat and drought. (Bloomberg)

Goldman Sachs (NYSE: GS) and Bank of America (NYSE: BAC) analysts predict the Federal Reserve will keep rates unchanged. (Bloomberg)

Douglas A. McIntyre

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