Media Digest (10/11/2012) Reuters, WSJ, FT, Bloomberg

The International Monetary Fund presses again for actions to handle the debt crisis in Europe. (Reuters)

The United States sets high tariffs on Chinese solar panels. (Reuters)

Bank of America Corp. (NYSE: BAC) sharply increases the workforce in its mortgage operations. (Reuters)

Standard & Poor's cuts Spain's credit rating to a notch above junk. (Reuters)

J.P. Morgan Chase & Co.'s (NYSE: JPM) Jamie Dimon attacks government efforts to sue it over mortgage securities, saying the deals were part of the Bear Stearns operations it rescued. (Reuters)

Eric Schmidt of Google Inc. (NASDAQ: GOOG) says that its battle with Apple Inc. (NASDAQ: AAPL) is critical to the future of tech. (Reuters)

Siemens A.G. (NYSE: SI) will cut its workforce due to the effects of the economy. (Reuters)

Issues raised by the governments of the United Kingdom, Germany and France undermine the EADS merger with BAE Systems. (WSJ)

Fed Governor Daniel Tarullo suggests that banks should shrink in size and the M&A in the industry should be limited. (WSJ)

BP PLC (NYSE: BP) and the U.S. government are close to a Deepwater Horizon settlement to cover criminal and civil claims. (WSJ)

The Federal Beige Book affirms the recovery of housing. (WSJ)

Third-quarter PC shipments worldwide fall 8%. (WSJ)

Chinese car sales fall 0.3% in September, due in part to disputes with Japan. (WSJ)

Wal-Mart Stores Inc. (NYSE: WMT) will cut capex in fiscal 2014 but will continue its expansion. (WSJ)

There are signs that the recovery of JCPenney Co. Inc. (NYSE: JCP) has begun. (WSJ)

Christine Lagarde of the IMF presses for cutbacks in austerity plans as Europe's recession worsens. (FT)

Brazil cuts interest rates to record lows. (FT)

Lenovo passes Hewlett-Packard Co. (NYSE: HPQ) to become the leader in PC sales globally in the third quarter. (FT)

The CFO of J.P. Morgan will take another job at the bank. (FT)

Lagarde says Greece needs more time to reach budget goals. (Bloomberg)

Douglas A. McIntyre