Media Digest (12/6/2012) Reuters, WSJ, FT, Bloomberg
December 6, 2012 by Douglas A. McIntyre
HSBC Holding PLC (NYSE: HBC) may have to pay a $1.6 billion fine for money laundering. (Reuters)
The European Central Bank likely will cut its economic forecasts. (Reuters)
Apple Inc. (NASDAQ: AAPL) shares drop the most in four years. (Reuters)
China’s consumption of KFC has fallen. (Reuters)
Ford Motor Co. (NYSE: F) will relaunch its Lincoln brand. (Reuters)
Samsung, trying to improve its IP suit with Apple, files a copy of a settlement between Apple and HTC in a U.S. court. (Reuters)
The Federal Trade Commission says that Google Inc. (NASDAQ: GOOG) could not stop Apple from selling products even if some infringed on the search company’s patents. (Reuters)
The Energy Information Administration issues a report likely to help U.S. companies that export natural gas. (WSJ)
Citigroup Inc.’s (NYSE: C) new chief executive shows his taste for cost cuts as he fires 11,000 people. (WSJ)
Kodak receives a bid of more than $500 million for some of its patents. (WSJ)
The U.K. Chancellor of the Exchequer says that austerity and taxes would mute a recovery of the nation’s economy. (WSJ)
The Starz pay-TV channel seeks a buyer. (WSJ)
Former Deutsche Bank A.G. (NYSE: DB) employees say the firm hid $12 billion in losses during the credit crisis. (FT)
The European Central Bank likely will not cut rates as yields have fallen under its bond-buying plan. (Bloomberg)
One reason Apple shares have fallen is the Nokia Corp. (NYSE: NOK) deal to sell its phones in China. (Bloomberg)
Douglas A. McIntyre
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