Media Digest (9/26/2012) Reuters, WSJ, NYT, FT, Bloomberg

U.S. attempts to probe illegal activity at HSBC Holdings PLC (NYSE: HBC) are set back by interagency battles. (Reuters)

Yahoo! Inc. (NASDAQ: YHOO) names a new chief financial officer. (Reuters)

The British Bankers’ Association probably will end its responsibility for the London interbank offered rate. (WSJ)

Japanese car companies slow production because trouble with China could cut sales there. (WSJ)

International Business Machines Corp. (NYSE: IBM) will try to compete with Amazon.com Inc.’s (NASDAQ: AMZN) cloud computing business. (WSJ)

Eurozone countries begin to discuss the process to create a central budget for the region. (WSJ)

The amount Americans spend on smartphones lowers their consumer spending in other areas. (WSJ)

Eric Schmidt of Google Inc. (NASDAQ: GOOG) says Apple Inc. (NASDAQ: AAPL) should have kept Google Maps on the iPhone 5, after a large number of complaints about Apple map tech. (WSJ)

High oil prices could be the next threat to the U.S. economy. (WSJ)

American Airlines says that service problems and delayed flights were cause by its pilots. (NYT)

The head of Total S.A. (NYSE: TOT) says there are extreme risks to Arctic oil drilling, particularly environmental ones. (FT)

The head of Intel Corp. (NASDAQ: INTC) tells his employees that Microsoft Corp. (NASDAQ: MSFT) Windows 8 has too many bugs to release. (Bloomberg)

Douglas A. McIntyre