Investing
Media Digest (12/12/2012) Reuters, WSJ, NY Times, FT, Bloomberg
Published:
The Federal Reserve probably will add to its bond-buying programs as the economy continues to sputter. (Reuters)
India begins an investigation into Wal-Mart Stores Inc.’s (NYSE: WMT) activity in the country, looking for potential bribes. (Reuters)
A Reuters poll shows many people still need to shop for the holidays, but their spending will drop. (Reuters)
The accounting problems with the buyout of Autonomy by Hewlett-Packard Co. (NYSE: HPQ) could lead to new rules about accounting practices. (Reuters)
Microsoft Corp. (NASDAQ: MSFT) increases Surface production and will sell it in more retail outlets. (Reuters)
Apple Inc. (NASDAQ: AAPL) starts to test TV designs. (WSJ)
Freeport-McMoRan Copper & Gold Inc.’s (NYSE: FCX) decision to buy two oil firms for $20 billion has upset some of its large investors. (WSJ)
States increase incentives to get airplane manufacturers to relocate to create jobs. (WSJ)
The FCC approves Dish Network Corp. (NASDAQ: DISH) as a cellular service carrier. (WSJ)
Sprint-Nextel Corp. (NYSE: S) may buy shares in Clearwire Corp. (NASDAQ: CLWR) to get full ownership. (WSJ)
Bausch & Lomb retains Goldman Sachs Group Inc. (NYSE: GS) as it explores a sale of the company. (WSJ)
Amazon.com Inc. (NASDAQ: AMZN) will collect sales tax in Massachusetts. (WSJ)
Qualcomm Inc. (NASDAQ: QCOM) will work to build home base stations to cut cellular congestion. (WSJ)
The Fed prevents large banks from making significant M&A deals as part of its authority under Dodd-Frank. (WSJ)
The Chinese government offers support for businesses based their willingness to make buyouts of foreign companies. (NYT)
Solar City may delay its initial public offering. (NYT)
Saudi Arabia cuts its oil production to a 2012 low. (FT)
Google Chairman Eric Schmidt says that the search company’s Android is taking market share from Apple. (Bloomberg)
Douglas A. McIntyre
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