Media Digest (11/7/2011) Reuters, WSJ, NYTimes, FT, Bloomberg

Sony (NYSE: SNE) may buy Ericsson out of their smartphone joint venture. (Reuters)

Geithner says problems with EU sovereign debt pose a significant risk to the global economy. (Reuters)

A bill that would label China a currency manipulator moves forward in the Senate. (Reuters)

Samsung says Q3 earnings will be better than expected because of phone sales. (Reuters)

Dispute over smartphone sales between Apple (NASDAQ: AAPL) and Samsung concerning distribution in Australia will be settled in court next week. (Reuters)

Apple’s board worked with Steve Jobs beginning in 2004 to preserve his management approach. (WSJ)

California says it remains open to talks to settle foreclosure issues with banks, after it pulls out of broader discussions. (WSJ)

Obama to push for several votes on his jobs bill to force Congress to take action. (WSJ)

Central banks in the UK and parts of Europe move to counter slowdown in their economies. (WSJ)

Moody’s downgrades 12 UK financial firms. (WSJ)

The EPA suggests that some emission rules be eased. (WSJ)

Geithner says the administration will not try to determine how banks make their profits. (WSJ)

Portuguese central bank says the country will have to cut its deficit. (WSJ)

A national statistics agency says France’s growth has slowed considerably. (WSJ)

FCC head says his agency will make changes to an $8 billion federal phone subsidy program. (WSJ)

Oracle (NASDAQ: ORCL) agrees to pay $199.5 million to settle federal jobs claims. (WSJ)

General Electric (NYSE: GE) to grow its loan operations in Europe. (WSJ)

Gannett’s (NYSE: GCI) CEO leaves, citing poor health. (WSJ)

Maryland attacks a proposed $8 billion merger of Exelon (NYSE: EXC) and Constellation (NYSE: CEG). (WSJ)

Profits at smartphone company HTC rose 68% last quarter. (WSJ)

European Court of Human Rights supports a decision by French courts that charged George Soros with insider trading three decades ago. (WSJ)

Some economists argue that extending unemployment benefits hurts the economy and discourages workers. (NYT)

White House claims China took advantage of U.S. markets in over 200 programs that included solar energy. (NYT)

The ECB to hold rates at current levels and increase liquidity in the region. (FT)

A rise in China labor costs allows some jobs to return to the U.S., according to the Boston Consulting Group. (FT)

Yahoo! (NASDAQ: YHOO) may sell its Japan assets soon. (FT)

Mortgage rates in the U.S. fall below 4%. (FT)

Dexia shares suspended as the firm moves toward a break up. (FT)

EU leaders under pressure to set a program to help the region’s banks. (Bloomberg)

Angela Merkel and Nicolas Sarkozy are at odds about how to handle bailouts of EU-based banks. (Bloomberg)

Douglas A. McIntyre