Media Digest (10/1/2012) Reuters, WSJ, NYT, FT, Bloomberg

The board of Xstrata approves a merger with Glencore. (Reuters)

A U.S. appeals court says a lower court should reexamine a ban of the Samsung Galaxy Tab 10.1, which was part of a patent win by Apple Inc. (NASDAQ: AAPL). (Reuters)

IDC Manufacturing Insights finds that many U.S. tech companies plan to sharply increase tech exports. (Reuters)

A drop in trade makes its less likely that exports will drive the U.S. economy. (WSJ)

Macy’s Inc. (NYSE: M) and Sears Holdings Corp. (NASDAQ: SHLD) benefit from the drop in sales at JCPenney Co. Inc. (NYSE: JCP) (WSJ)

Nokia Corp. (NYSE: NOK) sets a deal to sell its maps to Oracle Corp. (NASDAQ: ORCL). (WSJ)

Greece’s gross domestic product is expected to shrink more than the government expected. (WSJ)

Spain says its budget gap will be larger than expected next year. (WSJ)

Toyota Motor Corp. (NYSE: TM) and Honda Motor Co. Ltd. (NYSE: HMC) pick up market share in the United States. (WSJ)

The Deutsche Börse may create a currency-trading instrument to match one from the CME Group Inc. (NASDAQ: CME). (WSJ)

As Greece cuts pension payouts, Spain raises them despite austerity measures. (NYT)

Electric car sales underperform expectations. (NYT)

China’s official PMI rises to 49.8 in September, up 0.6 from August. (FT)

The Bank of Japan’s Tankan report falls to -3 in the most recent quarter from -1 in the previous one. (FT)

Fewer MBAs take Wall St. jobs because of worries about layoffs. (FT)

Analysts sharply cut projections for earnings growth of European companies. (Bloomberg)

Douglas A. McIntyre