Media Digest (1/17/2010) Reuters, WSJ, NYT, FT, Bloomberg

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Chinese President Hu Jintao remained firm on his country’s yuan policy. (Reuters)

Eurozone finance ministers will debate an increase in the region’s bailout fund. (Reuters)

Investors are looking for more strong banks earnings after the success of JPMorgan Chase’s earnings (NYSE: JPM).  (Reuters)

J Crew Group (NYSE: JCG) has received no rival bid to that from CEO Michael Drexler and private equity firms TPG and Leonard Green. (Reuters)

The euro fell over concerns that the EU rescue fund will not be increased. (Reuters)

The Organization for Economic Cooperation and Development (OECD) said a cyberattack could seriously damage the world’s financial sector. (Reuters)

The CEO of UBS (NYSE: UBS) pushed China to make economic reforms. (WSJ)

The Industrial & Commerce Bank of China will open a number  of branches in Europe. (WSJ)

The new CEO of Hewlett-Packard (NYSE: : HPQ) will overhaul top management. (WSJ)

Large retailers are pushing into the grocery business. (NYT)

Small European nations will have trouble balancing austerity and growth. (NYT)

AOL (NYSE: AOL) has put a large bet on hyperlocal media with Patch.com and the early results are promising. (NYT)

BP’s (NYSE: BP) stock swap deal with Rosneft, the Russian state oil company,has drawn criticism from the US. (FT)

China’s president questioned the role of the US dollar as the de facto global currency. (FT)

Germany indicated it might be flexible in changes to EU bailout facilities. (Bloomberg)

Fitch cut Greece’s credit rating to junk and capital fled to gold. (Bloomberg)

Douglas A. McIntyre