Media Digest (8/30/2012) Reuters, WSJ, NYT, FT, Bloomberg

Moody’s cuts its growth forecast for emerging economies. (MarketWatch)

Antony Jenkins, who runs Barclays PLC’s (NYSE: BCS) retail business, is made chief executive. (Reuters)

Samsung launches new Microsoft Corp. (NASDAQ: MSFT) Windows-based mobile phone. (Reuters)

While in China, Angela Merkel supports the future of the euro. (Reuters)

Facebook Inc. (NASDAQ: FB) cofounder, Dustin Moskovitz, continues to sell shares. (Reuters)

Japan Air sets the price for its $8.4 billion initial public offering. (Reuters)

Citigroup Inc. (NYSE: C) pays a $950 million fine for hiding information about risks of subprime mortgage instruments. (WSJ)

Car makers are up against whether consumers will pay for cars that get much higher gas mileage. (WSJ)

Facebook receives government approval to buy Instagram. (WSJ)

The Fed says that Americans continued to cut debt in the second quarter. (WSJ)

S&P downgrades Illinois because of its deficit. (WSJ)

Greece is close to finalizing austerity cuts before EU and IMF officials visit to make financial evaluations. (WSJ)

François Hollande wants his government to spend $2.9 billion in 2013 to create 150,000 jobs for young people. (WSJ)

General Electric Co. (NYSE: GE) encourages U.S. companies to be more open to investments from China. (WSJ)

Chinese car companies with joint ventures with Volkswagen and General Motors Co. (NYSE: GM) post good earnings in a weak market. (WSJ)

The Commerce Department raises its growth estimate, but only slightly. (NYT)

German and Italian leaders continue to battle over the future of bailouts for the region. (NYT)

European Central Bank head Mario Draghi criticizes Germany’s resistance to the bank’s plan to buy the bonds of weak nations. (FT)

Americans pay 63% less for gas than people in Norway do. (Bloomberg)

Douglas A. McIntyre