Media Digest (3/9/2012) Reuters, WSJ, NYT, FT, Bloomberg

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The Fed is unlikely to act with bond purchases if February unemployment figures are good. (Reuters)

Low inflation in China could drive banks there to ease capital requirements to increase credit access. (Reuters)

Google (NASDAQ: GOOG) presses application developers to use its Google Wallet payment system. (Reuters)

Democrats in the Senate vote down a bill to start construction of the Keystone pipeline. (Reuters)

The Nikkei trades above 10,000, a key psychological barrier. (WSJ)

MF Global may still pay some executive bonuses. (WSJ)

Greece completes the swap of its bonds with private equity holders, pressing some holdouts to accept terms. (WSJ)

The New York Department of Labor says Wall St. jobs actually increased last year. (WSJ)

Bank of America (NYSE: BAC) reaches a deal with the federal government to reduce balances of as many as 200,000 mortgages. (WSJ)

United Continental (NYSE: UAL) will fund purchase of the Boeing (NYSE: BA) 787 with a bond issue. (WSJ)

UBM TechInsights says the cost to build the new Apple (NASDAQ: AAPL) iPad was $310, which gives the company a 51% gross margin. (WSJ)

The European Central Bank says it expects the euro area economy to contract. (WSJ)

The head of EADS says trouble between China and the European Union has cost his company $12 billion in sales. (WSJ)

Starbucks (NASDAQ: SBUX) will offer a single-shot coffee machine as it enters the fast-growing market. (WSJ)

Citigroup’s (NYSE: C) CEO Vikram Pandit gets a compensation package of $14.9 million for last year, despite a drop in earnings. (WSJ)

Natural gas prices reach a 10-year low. (WSJ)

Mortgage rates drop to near an all-time low. (WSJ)

Activist Daniel Loeb increases his attack on Yahoo!’s (NASDAQ: YHOO) board. (NYT)

Comcast (NASDAQ: CMCSA) says it will not offer Netflix (NASDAQ: NFLX) to its customers, a blow to the video rental operation. (NYT)

China’s inflation drops to 3.2%. (FT)

China attacks India on its cotton ban. (FT)

Emirate Airlines attacks Airbus over delays due to cracks in the wings of its A380 jumbo. (FT)

The China Association of Automobile Manufacturers says car sales in the first two months of the year fell 4.4% to 2.37 million, the biggest drop since 2005. (Bloomberg)

Douglas A. McIntyre