Media Digest (10/9/2012) Reuters, WSJ, NYT, FT, Bloomberg

Investing

Published: October 9, 2012 6:23 am

Many finance ministers in Europe believe that Spain can avoid a bailout. (Reuters)

Amazon.com Inc. (NASDAQ: AMZN) uses a pay-per-performance deal to help it secure premium content. (Reuters)

Cities such as Seattle and Houston will ask voters to approve their ability to raise more debt. (Reuters)

The People’s Bank of China’s Zhou Xiaochuan says his economy needs additional support. (Reuters)

The International Monetary Fund reports that the risk of a global recession has expanded. (WSJ)

Huawei Technologies says a congressional report about its U.S. practices was “little more than an exercise in China-bashing.” (WSJ)

The low yields on government paper have helped companies that want to raise debt for long maturities. (WSJ)

Fed stress tests of banks will happen again soon, but banks want more details on the evaluation process. (WSJ)

German exports rise in August and production is off only slightly, according to its federal statistics office. (WSJ)

The European Stability Mechanism finally launches. (WSJ)

Home prices in China’s major cities rise only modestly in September. (WSJ)

BP PLC (NYSE: BP) sells its Texas City refinery to Marathon Petroleum Corp. (NYSE: MPC) for as much as $2.5 billion. (WSJ)

Coca-Cola Co. (NYSE: KO), PepsiCo Inc. (NYSE: PEP) and Dr. Pepper Snapple Inc. (NYSE: DPS) post calorie information on vending machines that carry their products. (WSJ)

AMR, parent of American Airlines, says traffic fell 7.1% in its domestic market in September. (WSJ)

American Express Co. (NYSE: AXP) and Wal-Mart Stores Inc. (NYSE: WMT) will offer a prepaid credit card in the retailer’s stores and online. (WSJ)

Germany presses the balance of Europe to avoid a bailout of Spain. (NYT)

Facebook Inc. (NASDAQ: FB) will test a new “Want” button for retailers. (FT)

More than 30% of BAE shareholders raise questions about its merger with EADS. (FT)

Austerity cuts may not be enough to close Spain’s deficit as its economy contracts. (Bloomberg)

Fiat will cut its forecasts for sales in Europe. (Bloomberg)

Douglas A. McIntyre

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