Media Digest (9/272012) Reuters, WSJ, NYT, FT, Bloomberg

Investing

Published: September 27, 2012 6:31 am

Last Updated: September 27, 2012 6:35 am

Spain will cut its budget ahead of a possible request for aid. (Reuters)

Bank of America Corp. (NYSE: BAC) tests systems that allow people to make payments via smartphone. (Reuters)

Procter & Gamble Co. (NYSE: PG) CEO Robert McDonald is under pressure to cut costs as hedge fund manager William Ackman presses for change. (WSJ)

Sears Holdings Corp. (NASDAQ: SHLD) and Darden Restaurants Inc. (NYSE: DRI) will give employees fixed payments to cover health care options. (WSJ)

The Securities and Exchange Commission wants more methods to stop trading when technology problems move stock prices. (WSJ)

Starbucks Corp. (NASDAQ: SBUX) to open stores in Nordic nations. (WSJ)

The IPO troubles of Facebook Inc. (NASDAQ: FB), Groupon Inc. (NASDAQ: GRPN) and Zynga Inc. (NASDAQ: ZNGA) push investors away from Internet investments. (WSJ)

Dish Network Corp. (NASDAQ: DISH) to launch a national broadband service. (WSJ)

Research In Motion Ltd. (NASDAQ: RIMM) tries to add to its app developer group, in part via relationships with Facebook and Twitter. (WSJ)

German resistance may hurt the merger of EADS and BAE Systems. (WSJ)

The family that controls American Greetings Corp. (NYSE: AM) offers to buy the entire firm. (WSJ)

The change at the top of the Chinese government may have hurt efforts to revive its economy. (NYT)

Toyota Motor Corp. (NYSE: TM) will change the product mix of it Lexus brand to lure younger buyers. (NYT)

Apple Inc. (NASDAQ: AAPL) may begin to acquire and license content for its iPad and iPhone. (FT)

Nokia Corp. (NYSE: NOK) may suspend its dividend. (Bloomberg)

Shares in Santander Mexico (NYSE: BSMX) rise the day of its IPO. (Bloomberg)

Harvard’s endowment underperformed the market last year. (Bloomberg)

Douglas A. McIntyre

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