Media Digest 12.30.2010 Reuters, WSJ, NYT, FT, Bloomberg

China’s PMI growth slowed and the current monetary policy may be sufficient to curb inflation (Reuters)

The use of solar power by China is rapidly expanding (Reuters)

Sony (NYSE: SNE) sued to stop shipments of some LG phone to the US (Reuters)

China said it would continue to export rare earth (Reuters)

Winter weather delayed $1 billion in holiday sales according to ShopperTrak (Reuters)

Research In Motion (NASDAQ: RIMM) put technology in its India office to help the government better track Blackberry communications (Economic Times)

China shut 60,000 pornographic websites in 2010 (Reuters)

Paul Allen started more patent lawsuits against major tech firms (Reuters)

The Carlyle Group sold an $860 million piece of its investment in China Pacific Insurance (Reuters)

Many large banks have begun to loan money to smaller businesses (WSJ)

Computerized home appraisals are being blamed for low valuation of real estate (WSJ)

Lockheed Martin (NYSE: LMT) won a contract to built  new ships for the Navy (WSJ)

Japan may create a sovereign wealth fund to invest in companies outside the country (WSJ)

Some crops in South America could be damaged by near-record temperatures (WSJ)

State and local tax revenue has begun to rise with the economic recovery (WSJ)

Bank failures hit their highest level since 1992. (WSJ)

Samsung will release a competitor to the Apple (NASDAQ: AAPL) iPod. (WSJ)

The US raised record levels of debt at low interest rates in 2010, but those rates may rise (WSJ)

Efforts by the federal government to keep homeowners in their houses failed in the third quarter as foreclosures soared (WSJ)

Motorola (NASDAQ: MOT), RIM (NASDAQ: RIMM), and Dell (NASDAQ: DELL) released iPad competitors (WSJ)

IDC research says more small companies will turn to cloud computing next year (WSJ)

Stock indices in the US and Europe will post double digit returns. (WSJ)

China will add to its strategic oil research which should send prices higher (WSJ)

Twitter and Facebook helped some travelers to rebook flights during the storm (NYT)

Illegal rare earth mines in China are being shut by the government (NYT)

Utilities are at work to hire tech employees to build and operate smart grids (NYT)

eBay’s (NASDAQ: EBAY) PayPal will make a push into China (FT)

Covered bond sales hit $356 billion this year. (FT)

Commodity prices continued their rise (FT)

UK home price will probably fall next year (Bloomberg)

Mining IPOs may reach record levels due to interest in rising metal prices (Bloomberg)

Facebook has begun a push into the Russian market (Bloomberg)

Pimco predicted that the dollar would keep its reserve currency status (Bloomberg)

Douglas A. McIntyre