Media Digest (2/16/2012) Reuters, WSJ, NYT, FT, Bloomberg

Moody’s may cut Morgan Stanley (NYSE: MS) and UBS (NYSE: UBS) as the global euro crisis spreads. (Reuters)

Officials in Japan arrest former Olympus executives. (Reuters)

Congress reaches a deal on payroll tax extensions. (Reuters)

Negotiations between Yahoo! (NASDAQ: YHOO) and Alibaba crumble because of disputes over the value of the Taobao unit of the Chinese company. (Reuters)

Apple (NASDAQ: AAPL) seeks court permission to sue Eastman Kodak over IP issues. (Reuters)

Several Chinese cities stop retailers from selling iPads because of an IP dispute with Proview Technology. (Reuters)

High gas prices may hurt the recovery of the U.S. economy. (WSJ)

Jean-Claude Juncker, the Luxembourg prime minister who heads up the eurozone ministers meetings, says a deal on Greece is closer. (WSJ)

More and more subprime bonds are being sold despite their role in the financial crisis. (WSJ)

Nestle says that earnings will be challenged in 2012. (WSJ)

Amazon.com (NASDAQ: AMZN) stops selling iPads in China at Apple’s request. (WSJ)

General Motors (NYSE: GM) to cut benefits to it salaried workers. (WSJ)

Fed officials are divided over the use of QE3 to help the economy. (WSJ)

Kellogg (NYSE: K) buys Pringles from Procter & Gamble (NYSE: PG) for $2.7 billion. (WSJ)

AT&T (NYSE: T) is looking for deals to buy spectrum, even after the collapse of its T-Mobile deal. (WSJ)

Japan Air increases airplane purchases as it comes out of bankruptcy. (WSJ)

Some investors are buying customer claims against MF Global. (WSJ)

China is a net seller of Treasuries in December. (WSJ)

Eurozone officials may only offer Greece a partial bailout. (NYT)

Iran warns six EU nations that it will stop selling them oil because of sanctions against it. (NYT)

Brent crude reaches $120 on concerns about Iran. (FT)

The EU wants more control over Greece’s budget. (Bloomberg)

Douglas A. McIntyre