This is what’s in the news for Monday, June 13 2012. The Wall Street Journal reports borrowing costs for Italy and Spain continued to rise, increasing calls for bigger moves from euro zone leaders amid a new warning that the crisis is dragging down even the world’s resilient emerging economies. The Wall Street Journal also reports the Justice Department is conducting an antitrust investigation into whether cable companies (CMCSA, TWC) are acting improperly against competition from online video (NFLX, NWSA, DIS), sources say. The Wall Street Journal also reports Facebook (NASDAQ:FB) began a PR campaign to fight back against criticism that advertising on the social network isn’t effective. Reuters reports Chesapeake Energy”s (NYSE:CHK) board is nearing a decision on who its new independent chairman will be, a board member says. Finally, Bloomberg reports Bank of America (NYSE:BAC) divested a $1.3B credit-card portfolio after SLM Corp. (NYSE:SLM) selected Barclays (NYSE:BCS) for its college savings program.