Media Digest (9/21/2012) Reuters, WSJ, NYT, FT, Bloomberg

Investing

Douglas A. McIntyre

Published: September 21, 2012 6:21 am

Last Updated: September 21, 2012 6:42 am

The new Apple Inc. (NASDAQ: AAPL) iPhone 5 brings in long customer lines in Asia. (Reuters)

Apple’s map application receives poor reviews. (Reuters)

Wal-Mart Stores Inc. (NYSE: WMT) says it will no longer sell the Amazon.com Inc. (NASDAQ: AMZN) Kindle. (Reuters)

Oracle Corp. (NASDAQ: ORCL) earnings show strength in software but hardware softness. (Reuters)

General Motors Co. (NYSE: GM) and the Canadian Auto Workers set a union labor agreement. (Reuters)

Google Inc. (NASDAQ: GOOG) shuts its China music download product. (Reuters)

Shares of Trulia Inc. (NYSE: TRLA) surge after its IPO. (Reuters)

U.S. regulators want financial services firms to monitor money laundering. (WSJ)

The International Monetary Fund, European Union and European Central Bank remain at odds about a Greek bailout as default looms. (WSJ)

Walmart hopes to have stores in India within two years. (WSJ)

Samsung may file a patent infringement suit in the United States over the Apple iPhone 5. (WSJ)

The value of U.S. residential real estate holdings rises $400 billion — 2.1% — in the second quarter, according to the Federal Reserve. (WSJ)

The head of the IMF says European leaders need to step up efforts to repair national balance sheets. (WSJ)

LTE networks may be unable to carry the load of new voice and data from the iPhone 5. (WSJ)

Facebook Inc. (NASDAQ: FB) will charge companies for coupon ads. (WSJ)

Daimler cuts profit targets for Mercedes-Benz. (WSJ)

Foreign investors push holdings of Japan’s debt to all-time highs. (WSJ)

MasterCard Inc. (NYSE: MA) expects slow second-half growth. (WSJ)

The yuan gains back most of the value it lost this year. (WSJ)

The loss of a tax credit may hurt wind power companies. (NYT)

Large public entitlements hurt government efforts to spread austerity measures. (NYT)

California’s State Budget Crisis Task Force says the state’s debt is much larger than previously estimated. (NYT)

James Murdoch will add the role of chief of some of the Fox operations of News Corp. (NASDAQ: NWSA). (FT)

The EU begins a plan to rescue Spain. (FT)

Italy and Spain say they will not seek bailouts unless their borrowing costs rise. (Bloomberg)

American consumers continue to help export levels of Japan and China. (Bloomberg)

Apple could sell 10 million iPhone 5 units in its debut. (Bloomberg)

Douglas A. McIntyre

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