Media Digest (12/10/2010) Reuters, WSJ, NYT, FT, Bloomberg

The new Apple (NASDAQ: AAPL) iPad may have front and back cameras. (Reuters)

Strength in the Chinese economy pushed crude back above $89. (Reuters)

The strength of China’s trade may cause a rise in interest rates in the country. (Reuters)

JP Morgan (NYSE: JPM) may expand its corporate bank operations. (Reuters)

WikiLeaks supporters may attempt more cyber attacks on websites viewed as enemies of the project. (Reuters)

Dell’s (NASDAQ: DELL) CEO says that the transformation of the company beyond a PC business has begun. (Reuters)

The Senate said the new tax bill would cost $858 billion over ten years. (WSJ)

The Federal Reserve’s plan to buy bonds has had little effect on the market. (WSJ)

US companies held $1.93 trillion in cash at the end of the quarter–11% of assets. The figure is the highest in 50 years. (WSJ)

The FAA will increase its inspection of Boeing (NYSE: BA) aircraft. (WSJ)

Bank of America (NYSE: BAC) began to complete some foreclosures. (WSJ)

Mortgage rates rose sharply which could cut the refinance business .(WSJ)

China’s trade surplus narrowed. (WSJ)

Johnson & Johnson (NYSE (JNJ) recalled a large number of Rolaids packages. (WSJ)

Community Health Systems made a $3.3 billion bid for Tenet. (WSJ)

Beckman Coulter may put itself up for sale. (WSJ)

The ECB said if counties do not stay with their austerity plans the bond markets will punish them. (WSJ)

A power outage at a Toshiba plant could sharply cuts its chip shipments. (WSJ)

ConAgra cut its outlook for 2011. (WSJ)

Sinopec bought the Argentinian units of Occidental Petroleum. (WSJ)

Howard Stern will remain with Sirius XM Radio (NASDAQ: SIRI). (WSJ)

GE (NYSE: GE) faces more questions about whether its conglomerate structure makes sense. (WSJ)

China could become the world’s largest importer of corn. (WSJ)

Holiday shoppers are using cash in the place of credit cards. (NYT)

More day traders are based outside the US. (NYT)

China’s exports rose more than expected. (FT)

Goldman Sachs Group’s (NYSE: GS) CDS trades during the credit crisis are being examined. (FT)

Panasonic will sell more than 21 million TVs this year. (Bloomberg)

Berkshire Hathaway (NYSE: BRK.B) added 3,000 jobs this year. (Bloomberg)

Douglas A. McIntyre