Media Digest (1/11/2013) Reuters, WSH, NYT, FT, Bloomberg
January 11, 2013 by Douglas A. McIntyre
American Express Co. (NYSE: AXP) will cut 5,400 jobs and take a charge in its fourth quarter. (Reuters)
Research firm IDC says worldwide PC sales fell 6.4% in the fourth quarter to 89.8 million. (Reuters)
SAC could lose 17% of the outside funds it manages as a government investigation into its trading practices ramps up. (WSJ)
The FAA says it will start a high-priority review of the 787. (WSJ)
Long-term joblessness, one of the economy’s largest problems, begins to ease. (WSJ)
The Federal Reserve sends $89 billion in profits to the Treasury Department. (WSJ)
The Japanese government sets $115.7 billion in new stimulus. (WSJ)
Volkwagen’s U.S. sales rise 31% in 2012 as its attempts to move to the top tier of auto firms. (WSJ)
Sales of Nokia Corp.’s (NYSE: NOK) Lumia phones help improve its earnings for the most recent quarter. (NYT)
A presentation by the management of Herbalife Ltd. (NYSE: HLF) fails to impress investors worried about the accuracy of the firm’s earnings. (NYT)
European Union antitrust officials are likely to be aggressive about what they view as antitrust actions by Google Inc. (NASDAQ: GOOG). (FT)
The head of Apple Inc. (NASDAQ: AAPL) says he expects China to become its largest smartphone market. (FT)
Congress members release information that shows Wal-Mart Stores Inc. (NYSE: WMT) management knew about Mexico bribes as early as 2005. (FT)
The European Central Bank will move from work on the financial crisis to efforts to rekindle economic growth. (Bloomberg)
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