Media Digest (2/16/2011) Reuters, WSJ, NYT, FT, Bloomberg

Sanofi-Aventis will buy Genzyme (NASDAQ: GENZ) for $20.1 billion. (Reuters)

Dell (NASDAQ: DELL) beat earnings targets but investors remained concerned about future prospects amid growing competition. (Reuters)

BHP Billiton (NYSE: BHP) has set aside $80 billion for expansion but does not plan to make any large deals. (Reuters)

JPMorgan (NYSE: JPM) said it had the necessary capital for continued expansion. (Reuters)

Crude moved higher on a drop in US reserves.  (Reuters)

China introduced yuan options trading. (Reuters)

Treasury chief Geithner said it was essential to raise corporate taxes. (Reuters)

China telecommunications infrastructure suppliers will attack the US market to expand. (Reuters)

LG thinks it can sell 5 million 3D TVs in 2011.

The CEO of Google (NASDAQ: GOOG) said his company tried to get Nokia (NYSE: NOK) to use Android. (Reuters)

China will probably try to create massive steel companies. (Reuters)

Air Products dropped its takeover of Air Gas. (Reuters)

Zillow.com reports that home down payments in many markets are above 20%, (WSJ)

Exxon Mobil (NYSE: XOM) faces a challenge in increasing oil exploration so it has begun to focus more on natural gas. (WSJ)

One of the problems of the Deutsche Borse takeover of the NYSE is figuring out what to call the new company. (WSJ)

Nelson Peltz will offer to buy Family Dollar. (WSJ)

Texas released details of its probe of Google (WSJ)

A rise in corn prices is also lifting the price of farms. (WSJ)

Unions say state budget cuts will hurt the size of their memberships. (WSJ)

The Swiss will make it easier for foreign governments to catch tax cheats. (WSJ)

Apple (NASDAQ: AAPL) created an app store for magazines, newspapers and other content. (WSJ)

Generic drug companies will push a deal to increase the pace of user fees to speed approvals and plant inspection.s (WSJ)

Manufacturers have said margins are hurt by higher metals costs. (WSJ)

GM (NYSE: GM) continues to press sales in China. (WSJ)

Fiat asked Italy to adopt more policies favorable to business. (WSJ)

Home Depot (NYSE: HD) and Lowe’s (NYSE: LOW) added tens of thousands of seasonal workers. (WSJ)

WPP will start an interactive ad network. (WSJ)

Starbucks (NASDAQ: SBUX) will offer coffee in as many as 500,000 hotel rooms. (WSJ)

China may have made progress in its fight to bring down inflation. (WSJ)

Fairholme Capital will try to push out the St Joe board. (WSJ)

Bernie Madoff said banks must have known about his frauds. (NYT)

Russia has increased its offshore drilling in the Arctic Circle .(NYT)

JPMorgan will cut the number of trading platforms it uses. (FT)

The World Bank said food inflation has pushed 44 million people into poverty recently and the UN said the world’s food prices could push the number of chronically under-nourished to one billion. (FT)

Douglas A. McIntyre