LEADING THE DAY: The Federal Communications Commission didn’t make a formal finding in its annual report on whether the wireless industry is competitive or not. As The Washington Post reported, the report gave few clues as to what the agency is thinking about the viability of a merger between AT&T and T-Mobile.

Wireless bureau hosts location-based services forum: The FCC’s Wireless bureau will take up the issue of location-based services today at a forum including speakers from several notable companies such as Facebook, Google, Foursquare and HP as well as privacy experts and public officials.

The forum comes shortly after Sens. Al Franken (D-Minn.) and Richard Blumenthal (D-Conn.) introduced their mobile privacy bill earlier this month. That bill would require mobile companies to get explicit permission from users before sharing location data with third parties.

Citigroup says $2.7 million lost in hack: Citigroup revealed that 3,400 of its customers lost $2.7 million due to a cyber attack on its systems in May, The Wall Street Journal reported. Citing “people familiar with the matter,” the report said that the bank revealed the numbers while briefing government officials and said that card numbers, account names and e-mail addresses were taken by the hackers. In total, just over 360,000 accounts were hacked — about 1.5 percent of the company’s North American credit card customers.

Supreme Court will consider FCC decency rule: The Supreme Court said Monday that it will consider whether it is constitutional for the FCC to enforce broadcast decency, The Washington Post reported. At issue is the First Amendment, particularly whether the FCC has the right to fine broadcasters for “indecent” content such as expletives and nudity. A U.S. Court of Appeals for the 2nd Circuit in New York ruled that the FCC’s enforcement has a chilling effect on the industry. The court will hear arguments on the matter this fall.

On Monday, the court also struck down a California law that made it illegal to sell violent video games to minors.

Sony CEO makes case to shareholders: In a shareholders meeting in Tokyo Tuesday, Sony chief executive Howare Stringer said that his company was targeted by hackers because it tried to protect its own intellectual property, Reuters reported. It has been suspected that the cyber attacks targeted Sony in retaliation for its lawsuit against George Hotz, a hacker who distributed code that let users run their own software on the PlayStation 3.

Stringer also reportedly did not respond directly to calls for his resignation. In a twist, Facebook confirmed to The Washington Post Monday that it had hired Hotz.

Tech donors pulling Obama down?: The San Francisco Chronicle reported Tuesday that President Barack Obama’s association with tech CEOs in Silicon Valley may hurt his reelection campaign. Companies such as Apple, Facebook and Google have been criticized recently for everything from privacy violations to outsourcing. Unless these executives win the battle for public opinion by touting American innovation and entre­pre­neur­ship, the report says, they may hold Obama back among voters concerned about unemployment.