Media Digest (12/22/2010) Reuters, WSJ, NYT, FT, Bloomberg

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Bonuses for bankers around the world will drop 7%. (Reuters)

FCC commissioners voted along party lines to approve new internet access rules. (Reuters)

Microsoft (NASDAQ: MSFT) will launch a version of Windows for tablet PCs. (Reuters)

Intel (NASDAQ: INTC) won FTC approval for its McAfee deal. (Reuters)

The US will sell its AIG (NYSE: AIG) stock next year. (Reuters)

Mark Hurd, current president of Oracle (NASDAQ: ORCL) and former CEO of Hewlett-Packard (NYSE HPQ), wants the letter of the woman which caused his downfall from H-P to be kept private (WSJ)

Prosecutors have accused Ernst & Young of covering up accounting problems at Lehman Bros. (WSJ)

One trader has captured a large part of the copper market. (WSJ)

The California Public Employees’ Retirement System wants Apple (NASDAQ: AAPL) to change its governance system to give shareholders more power in the election of directors. (WSJ)

Boston Scientific (NYSE: BCX)) has a dispute with the IRS over taxes. (WSJ)

American Airlines (NYSE: AMR) took its flights off Orbitz. (WSJ)

Moody’s warned Portugal on its debt rating. (WSJ)

The Department of Health and Human Services may gain the right to review rate increases from health insurers. (WSJ)

Toyota (NYSE: TM) expects Asian sales to help drive sales up 3% in its next fiscal. (WSJ)

Genzyme (NASDAQ: GENZ) may open M&A talks with Sanofi-Aventis. (WSJ)

Verizon Wireless will sell Motorola (NYSE MOT) phones on its 4G network. (WSJ)

China made positive comments about EU debt. (WSJ)

Sears Holdings (NYSE: SHLD) faces trouble because of sales declines and poor store locations (NYT)

The US will make it easier for the FDA to recall foods. (NYT)

M&A activity was up 16% this year due to Asia. (FT)

China said it wold help Europe’s finances by purchasing more sovereign debt from the region. (FT)

The IMF has finished its program to sell gold. (FT)

Results from the US Census will help Republicans gain more strength in Congress. (FT)

The value of Chrysler Financial rose after the Treasury sold its shares. (Bloomberg)

Buyout loans are up because banks want to find business with high fees. (Bloomberg)

Douglas A. McIntyre