Media

Media Digest (12/13/2011) Reuters, WSJ, NYTimes, Bloomberg

Congress, close to a budget agreement, may avoid a government shutdown. (Reuters)

Washington Mutual shareholders and creditors set a deal that could allow an exit from bankruptcy. (Reuters)

The policy meeting of the Federal Reserve could end with no actions at all. (Reuters)

Low availability of water makes it a profitable investment for many global financial organizations. (Reuters)

AT&T (NYSE: T) may try to change its plan to buy T-Mobile due to government resistance. (Reuters)

Another MF Global official says he does not know what happened to $1 billion of the firm’s money. (Reuters)

Jive Software will post its IPO slightly above the expected range. (Reuters)

Deutsche Boerse and NYSE Euronext (NYSE: NYX) will offer more concessions to close a merger deal. (Reuters)

Martin Marietta (NYSE: MLM) makes an offer of $4.8 billion to buy Vulcan Materials (NYSE: VMC). (Reuters)

Apple (NASDAQ: AAPL) softens its approach to selling its iAd inventory as Google (NASDAQ: GOOG) has had success in the mobile ad market. (WSJ)

The euro reaches a 10-month low. (WSJ)

McDonald’s (NYSE: MCD) begins delivery services in Asia. (WSJ)

Bank of America (NYSE: BAC), JPMorgan Chase (NYSE JPM) and Citigroup (NYSE: C) try to settle charges of mortgage fraud. (WSJ)

Pfizer (NYSE: PFE) increases its dividend and share buyout. (WSJ)

Italian unions stage strikes because of austerity plans. (WSJ)

Novartis’s (NYSE: NVS) multiple-sclerosis pill Gilenya has safety problems. (WSJ)

Diamond Foods (NASDAQ: DMND), faced with accounting problems, will delay its next quarterly filing. (WSJ)

LSE says it will buy the remaining 50% stake in FTSE that it does not already own from Pearson (NYSE: PSO). (WSJ)

The share of U.S. income earned by the top 1% dropped to 17% in 2009 from 23% in 2007. (NYT)

Experts prepare in case Greece leaves the eurozone. (NYT)

Google’s buyout of Motorola Mobility (NYSE: MMI) is delayed by EU authorities. (NYT)

Newspaper chain Lee Enterprises (NYSE: LEE) files for Chapter 11. (NYT)

Some EU-based banks are selling their most valuable assets as regional debt weighs upon their balance sheets. (Bloomberg)

Douglas A. McIntyre