Media Digest (11/5/2012) Reuters, WSJ, NYT, FT, Bloomberg
November 5, 2012 by Douglas A. McIntyre
Toyota Motor Corp. (NYSE: TM) raises its profit forecasts but says its trouble in China was significant. (Reuters)
As the Greek government tries to finalize austerity plans, workers ready a large strike. (Reuters)
Shares in Hyundai and Kia fall after disclosures that they overstated mileage for cars sold in the United States. (Reuters)
Some companies move toward part-time workers to save money as government-mandated health care rules come into place. (WSJ)
Mutual funds run by three of the banks involved in the initial public offering of Facebook Inc. (NASDAQ: FB) sell shares quickly. (WSJ)
Ad spending has slowed, according to quarterly results from firms such as CBS Corp. (NYSE: CBS), Time Warner Inc. (NYSE: TWC) and News Corp. (NASDAQ: NWSA). (WSJ)
Walt Disney Co.’s (NYSE: DIS) “Wreck-It Ralph” tops the weekend box office with sales of $49.1 million. (WSJ)
Many U.S. companies seek investments from China. (WSJ)
Consulting firm Johnson Associates says Wall St. compensation will be higher in 2012 than in 2011, but many pay packages will be tied to longer term financial improvements. (WSJ)
Royal Bank of Scotland Group PLC (NYSE: RBS) tries to settle with government agencies pressing on its role on Libor manipulation. (WSJ)
Pandora Media Inc. (NYSE: P) and other online radio services press politicians to lower royalties but the music industry objects. (NYT)
Bank of America Corp. (NYSE: BAC) hopes that an improvement in its financial situation will allow it to pay a dividend or buy back shares. (FT)
Economic trouble in Europe could hurt trade talks between it and China. (Bloomberg)
Douglas A. McIntyre
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