Media

Media Digest (1/13/2011) Reuters, WSJ, NYT, FT, Bloomberg

The heads of several major investment banks attempted to sell their services of an AIG (NYSE: AIG) plan to pay off money it owes taxpayers (Reuters)

Forecasts from Intel (NASDAQ: INTC) helped combat fears that the company would be hurt by the rise in portable device sales (Reuters)

China is unlikely to agree to appreciation in the value of the yuan at upcoming Washington summits (Reuters)

Google (NASDAQ: GOOG) has put together plans to revive its growth in China (Reuters)

Apple’s (NASDAQ: AAPL) holiday sales and earnings are expected to be spectacular (Reuters)

Video game sales slowed in 2010 despite the success of the Microsoft (NASDAQ: MSFT) Kinect. The industry raised hopes for next year (Reuters)

Federal regulators may challenge a deal by Google to buy travel software company ITA (Reuters)

Sanofi-Aventis hopes to buy Genzyme (NASDAQ: GENZ) for $76 a share (Le Figaro)

Target (NYSE: TGT) may sell part of its credit card assets for $6.7 billion (Reuters)

Trouble in the municipal bond business may hurt chance of hospitals and cities to refinance debt (WSJ)

Hedge funds are making more of the same trade which could destabilize the market (WSJ)

The SEC is considering whether US banks including Citigroup (NYSE: C) and Blackstone (NYSE: BX) paid bride to get business from sovereign wealth funds (WSJ)

Economists polled by The Wall Street Journal are optimistic about growth next year (WSJ)

Brazil stepped in to slow the rise of the value of its currency (WSJ)

News Corp (NYSE: NWS) delay the launch of its product The Daily which is to be done with Apple (NASDAQ: AAPL)

Toyota Motor (NYSE: TM) hopes to build hybrids without earth metals from China (WSJ)

Negotiation to cut corporate taxes have begun to be more active (WSJ)

There are split among German politicians about an increase in the EU bailout fund (WSJ)

The ECB warned that inflation may be rising in Europe (WSJ)

Target will expand into Canada (WSJ)

Merck (NYSE: MRK) ended the trial of a major heart drug (WSJ)

Media companies are concerned that the NBCU deal with Comcast (NASDAQ: CMCSA) could hurt their online expansion (WSJ)

Starbucks (NASDAQ: SBUX) plans to enter India (WSJ)

The war for wireless customers in Africa has heated up (WSJ)

Sterling Bancshares has put itself up for sales (WSJ)

Moody’s and S&P warned the US on its AAA rating (WSJ)

The euro rose on relief about EU debt (WSJ)

Banks will raise dividends after a three year break (NYT)

Groupon will set an IPO to value the company at $15 billion (NYT)

Borders Group (NYSE: BGP) may get new financing (NYT)

Geithner questioned whether a bank crisis can be forecast despite past experiences (FT)

GE (NYSE: GE) has increased its push into energy (FT)

The IMF says that Europe has not dispelled concerns about a debt crisis (Bloomberg)

Douglas A. McIntyre