Media Digest (10/12/2012) Reuters, WSJ, NYT, FT, Bloomberg
October 12, 2012 by Douglas A. McIntyre
Softbank may seek $23 billion in loans from Japanese banks as it tries to buy a controlling interest in Sprint Nextel Corp. (NYSE: S). (Reuters)
Jeff Bezos of Amazon.com Inc. (NASDAQ: AMZN) says the Kindle is sold at about its cost of production. (Reuters)
An appellate court will allow Samsung to sell its Nexus phone, a move Apple Inc. (NASDAQ: AAPL) tried to block. (Reuters)
Royal Dutch Shell PLC (NYSE: RDS-A) asks the U.S. government for permission to export oil taken from shale. (WSJ)
A poll of analysts by The Wall Street Journal shows most expect slow expansion in 2013. (WSJ)
Workday’s IPO is priced above its range. (WSJ)
Best Buy Co. Inc. (NYSE: BBY) will match the prices of products sold by Amazon and other e-commerce firms. (WSJ)
The Manufacturers Alliance for Productivity and Innovation reports that many employers will not add workers until they see the tax results from the fiscal cliff. (WSJ)
Christine Lagarde of the International Monetary Fund says that Greece needs two more years to restructure its economy. (WSJ)
Carl Icahn offers to buy that balance of Oshkosh Corp. (NYSE: OSK) that he does not already own. (WSJ)
Shares of Realogy Holdings Corp. (NYSE: RLGY) rise 25% the day of its IPO. (WSJ)
Carrefour earnings show a small improvement after years of trouble at the retailer. (WSJ)
Advanced Micro Devices Inc. (NYSE: AMD) cuts its outlook amid more concerns about the PC market. (WSJ)
Debt investors offer up to $2 billion to AMR as its exits Chapter 11 and will seek a large position in the airline. (WSJ)
The USDA expects supplies of soybeans and corn to be tight. (WSJ)
Defense Secretary Leon Panetta says the United States faces major cyber attacks. (NYT)
Government aid to the housing market will help mortgage bank earnings. (NYT)
German finance minister Wolfgang Schäuble fights Christine Lagarde over her stance on EU stimulus. (FT)
Companies in France cut spending, a threat to the plans of President Hollande. (Bloomberg)
G7 ministers discuss means to rekindle growth. (Bloomberg)
Douglas A. McIntyre
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.