Media Digest (12/26/2011) Reuters, WSJ, FT, Bloomberg

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Sony (NYSE: SNE) will sell its LCD business to Samsung for $940 million. (Reuters)

The yuan hits a high against the dollar and may gain 4% this year. (Reuters)’s (NASDAQ: AMZN) program to sell Kindle devices may help it increase its lead in e-commerce just as online shopping surges. (Reuters)

The International Monetary Fund’s Lagarde says the global expansion is still under threat from sovereign debt problems and slow growth in developed nations. (Reuters)

France Telecom (NYSE: FTE) to sell its Swiss operations to Apax for 1.6 billion euros. (Reuters)

Banks begin to install systems to trade individual currencies of euro-area nations. (WSJ)

Japan and China reach agreements to increase economic ties. (WSJ)

Shareholders of NYSE Euronext (NYSE: NYX) lose some of their taste for a merger with Deutsche Boerse. (WSJ)

The release of more supplies of Johnson & Johnson’s (NYSE: JNJ) cancer drug Doxil may be delayed until the middle of next year. (WSJ)

Long-term UK bond yields hit multidecade lows. (FT)

Japan approves a $1.16 trillion budget. (FT)

Toyota (NYSE: TM) to build a new, smaller version of the Prius. (Bloomberg)

China may start its own credit rating agency. (Bloomberg)

Douglas A. McIntyre