Europe again avoids financial chaos with an agreement to bail out Spain's struggling banks; while the Spanish banking rescue will be expensive, as much as $125 billion, it is within the means of a European emergency fund established for such purposes; far harder to calculate are the costs if, after Greek elections, the new government reneges on the bailout Greece negotiated with its European lenders months earlier, which could lead to its withdrawal from the euro zone. Read more..

By JACK EWING - The New York Times

The recent downturn left the median American family in 2010 with no more wealth than in the early 1990s, erasing almost two decades of accumulated prosperity, the Federal Reserve said. Read more..

By BINYAMIN APPELBAUM - The New York Times

Apps have become vital in marketing mobile technologies to consumers and the allegiance of app developers to Apple has helped propel the success of its devices, even as smartphones running Google's Android operating system outsell iPhones more than two to one; Apple will seek to strengthen its ties to mobile developers with a series of product announcements at its developer conference in San Francisco. Read more..

By NICK WINGFIELD and BRIAN X. CHEN - The New York Times

News analysis; European bailout of Spain's wobbling banks will do little to address a weakness common to Europe’s financial institutions: an addiction to outside loans that provide day-to-day financing; investors and analysts worry that highly indebted banks in other weak countries like Italy might face constraints similar to those of Spain in the months ahead. Read more..

By LANDON THOMAS Jr - The New York Times

Breach and data theft of LinkedIn's site surprises customers and security experts, who are amazed by company's bare-bones approach to security; breach highlights disturbing truth that companies with customer data continue to gamble on their own computer security, even as the break-ins increase. Read more..

By NICOLE PERLROTH - The New York Times

Account assignments, executive appointments and miscellaneous news from advertising agencies. Read more..

By STUART ELLIOTT - The New York Times

Despite relief at avoiding a banking meltdown, Prime Minister Mariano Rajoy warned of more pain as Madrid pushes ahead with austerity cuts. Read more..

By RAPHAEL MINDER - International Herald Tribune

June 11, 2012 - Gretchen Morgenson explains the Spanish housing crisis. Read more..

Channon Hodge - The New York Times