Media Digest (12/4/2012) Reuters, WSJ, NYTimes, FT, Bloomberg

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Yahoo! Inc. (NASDAQ: YHOO) says a $2.7 billion court judgment against it in Mexico is “flawed.” (Reuters)

Federal Reserve governors praise the bank’s stimulus plan but disagree about its future. (Reuters)

A judge approves settlement of a case in which Facebook Inc. (NASDAQ: FB) agrees to payments for a privacy class-action suit. (Reuters)

The Securities and Exchange Commission expresses concerns that companies with cash overseas and little in the United States do not present an appropriate version of their financial situations. (WSJ)

Car sales reach a four-year high in November. (WSJ)

Oracle Corp. (NASDAQ: ORCL) will pay a dividend in December to potentially help investors with taxes. (WSJ)

U.S. manufacturing drops in November, which pressures the stock market. (WSJ)

TNK-BP shareholders drop a suit against joint venture partner BP PLC (NYSE: BP). (WSJ)

Dow Chemical Co. (NYSE: DOW) sees improved results out of China. (WSJ)

Calpers protests fees it pays to private equity firms. (WSJ)

Generic drug companies will have trouble as fewer treatments come off patent. (NYT)

A report from the Commodity Futures Trading Commission shows high-speed trade hurts small investors. (NYT)

U.K. parliament members attack rules that allow outside companies to avoid taxes. (NYT)

Euro finance ministers approve an aid package to Spain’s banks. (FT)

UBS A.G. (NYSE: UBS) is trying to craft a settlement of Libor manipulation charges. (FT)

An effort by Microsoft Corp. (NASDAQ: MSFT) and Intel Corp. (NASDAQ: INTC) to take tablet PC share from Apple Inc. (NASDAQ: AAPL) is failing. (Bloomberg)

Mercedes’ lead over BMW in the U.S. luxury market shrinks in November.

Douglas A. McIntyre

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