Media Digest (1/20/2012) Reuters, WSJ, NYT, FT, Bloomberg

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Google (NASDAQ: GOOG) misses earnings expectations, which pushes shares down as much as 10%. (Reuters)

IKEA posts a profit and grows in most regions of the world. (Reuters)

Greece and private creditors move closer to a debt deal. (Reuters)

Apple (NASDAQ: AAPL) says it will enter the digital textbook business. (Reuters)

IBM (NYSE: IBM) results show solid IT demand. (Reuters)

Angry Birds’ parent pushes back the date of its IPO. (Reuters)

The EC will decide whether to approve a Google buyout of Motorola Mobility (NYSE: MMI) by February 13. (Reuters)

Eastman Kodak’s (NYSE: EK) move into bankruptcy as a means to cut costs may not yield high value for its patents as well. (WSJ)

Credit Suisse (NYSE: CS) buys old AIG (NYSE: AIG) mortgage paper from the New York Federal Reserve. (WSJ)

AT&T’s (NYSE: T) new plan to raise data costs for subscribers may prompt some to switch to competitors. (WSJ)

HSBC’s (NYSE: HBC) Chinese PMI estimate shows slow manufacturing, with a 48.8 measurement compared to 48.7 in December. (WSJ)

Floods in Thailand do not dent Intel’s (NASDAQ: INTC) earnings much. (WSJ)

American homeowners finally begin to improve their property, according to IHS Global Insight. (WSJ)

China sets more deals with U.S. allies to strengthen its supply of oil. (WSJ)

The European Aviation Safety Agency says Airbus will do more safety inspections of its A380 superjumbo. (WSJ)

General Motors (NYSE: GM) says it is the largest car company in the world, but experts disagree on how to count affiliate sales. (WSJ)

The Energy Information Administration says exports of natural gas could drive U.S. prices up by 54% in 2018. (WSJ)

Google presses its effort in display ads, which could pressure Aol (NYSE: AOL) and Yahoo! (NASDAQ: YHOO). (WSJ)

General Electric (NYSE: GE) tries to improve its prospects, but its size and diversity may hurt that push. (WSJ)

Hedge fund investors pull more cash from the firms than they add in the last part of 2011. (WSJ)

Commerzbank, Banca Monte dei Paschi di Siena, and Spain’s Bankia must push to raise cash to meet regulations. (WSJ)

American Express (NYSE: AXP) and Capital One (NYSE: COF) earnings show consumers returning to the use of credit. (WSJ)

Dealogic says that companies have raised $44.2 billion this year — a record for the period. (WSJ)

Chris Dodd, the head of the Motion Picture Association of America, suggests that tech and content companies meet to explore their differences. (NYT)

Ireland says its economy will be troubled again this year as its tries to meet austerity goals. (NYT)

Italy’s banks borrow 50 billion euros from the European Central Bank. (FT)

International Monetary Fund’s Largarde warns that budget cuts linked to austerity could damage growth. (Bloomberg)

Douglas A. McIntyre

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