Media Digest (1/20/2011) Reuters, WSJ, NYT, FT, Bloomberg

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Google’s (NASDAQ: GOOG) results will be helped by holiday spending (Reuters)

Ebay’s (NYSE: EBAY) turnaround helped increase earnings (Reuters)

Nintendo said the negative reports about its 3D products were out of proportion (Reuters)

Nokia (NYSE: NOK) cancelled the launch of its N7 phone with AT&T (NYSE: T) (Reuters)

IAC, controlled by Wilbur Ross, will not have a planned IPO (Reuters)

Spain will increase aid to its banks (WSJ)

Wendy’s/Arby’s will sell its Arby’s properties. (WSJ)

New regulations hurt Goldman Sachs (NYSE: GS) earnings (WSJ)

AIG (NYSE: AIG) will return to its focus of selling insurance (WSJ)

Hewlett-Packard (NYSE: HPQ) may formally examine the circumstance of former CEO Mark Hurd’s departure (WSJ)

Sony Ericsson posted a small profit (WSJ)

China’s GDP grew at 10.2% but inflation decreased (WSJ)

The Administration plans a crackdown on illegal workers (WSJ)

CEOs told China’s president that there are too many obstacles to doing business in the country (WSJ)

GM (NYSE: GM) has restructured management to closely align executives with the goals of its CEO (WSJ)

Merck (NYSE: MRK) disclosed problems with its anti-clotting drug (WSJ)

Alibaba will build a series of warehouse in China to help its ability to cater to online shoppers (WSJ)

Chrysler and the EPA are at work on a car that will cut gasoline use (WSJ)

Rising food prices are hurting margins at hotels and restaurants (WSJ)

The Kroll Bond Ratings Agency will compete with S&P, Moody’s (NYSE: MDO) and Fitch (WSJ)

Wal-Mart (NYSE: WMT) has begun a shift to sell more healthy food (WSJ)

Wide variations in solar installation from town to town have hurt the growth of solar energy (WSJ)

Greece may buy back its bonds in the open market (WSJ)

China’s 9.8% growth in the fourth quarter raised more concern about inflation (FT)

Retail investors have begun to return to the market (FT)

The European Systemic Risk Board may lack the power to regulate risks that could cause another crisis in the region (Bloomberg)

Douglas A. McIntyre