Media Digest (11/7/2012) Reuters, WSJ, NY Times, FT

Investing

Douglas A. McIntyre

Published: November 7, 2012 6:33 am

Amazon.com Inc. (NASDAQ: AMZN) will be able to sell cheaper e-books. (Reuters)

Amazon is likely to win its showdown of e-books in Europe with Apple Inc. (NASDAQ: AAPL) as the loser. (Reuters)

China Petroleum & Chemical Corp. (NYSE: SNP) (Sinopec) will buy a piece of Total Nigeria. (Reuters)

Thirty Goldman Sachs Group Inc. (NYSE: GS) executives exercise stock options worth $21.8 million. (WSJ)

J.P. Morgan Chase & Co. (NYSE: JPM) may settle with the Securities and Exchange Commission over how Bear Stearns packaged mortgage paper. (WSJ)

Bonds issued by Exxon Mobil Corp. (NYSE: XOM) and Johnson & Johnson (NYSE: JNJ) have rates below Treasuries. (WSJ)

Ad revenue lifts AOL (NYSE: AOL) results. (WSJ)

Freddie Mac posts a profit. (WSJ)

BHP Billiton Ltd. (NYSE: BHP) plans to find a new CEO. (WSJ)

More Americans buy homes or rent new apartments, a possible sign of economic recovery. (WSJ)

Eurozone business activity falls again in October. (WSJ)

Despite balance sheet trouble, LDK Solar Co. Ltd. (NYSE: LDK) is expected to stay in business. (WSJ)

U.S. retailers in China will have to adjust plans as the economy slows there. (WSJ)

As Nokia Corp. (NYSE: NOK) tries to regain lost ground in the United States, it will post more losses. (WSJ)

Protests over Chinese business practices slow the activity of some industries. (NYT)

France will cut business payroll taxes to stimulate economic activity. (NYT)

Greek parliament members will vote on $23 billion in budget cuts. (NYT)

Investment banks will lay off more workers as business disappears. (FT)

Douglas A. McIntyre

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