Media Digest (11/16/2012) Reuters, WSJ, FT, Bloomberg

Investing

Published: November 16, 2012 6:44 am

Global bank layoffs reach 160,000. (Reuters)

Christine Lagarde of the International Monetary Fund says it is essential that the European Union make a deal to rescue Greece. (Reuters)

The U.S. Postal Service loses $15.9 billion in its fiscal year. (Reuters)

BP PLC (NYSE: BP) will pay $5.4 billion in penalties for the Deepwater Horizon incident. (Reuters)

Apple Inc. (NASDAQ: AAPL) and Samsung will add more products to the patent suits against each other. (Reuters)

Delta Air Lines Inc. (NYSE: DAL) will keep older planes in a bid for higher margins. (WSJ)

The United States is looking at United Parcel Service Inc. (NYSE: UPS) and FedEx Corp. (NYSE: FDX) as it investigates the sale of illegal drugs. (WSJ)

Google Inc. (NASDAQ: GOOG) talks with Dish Network Corp. (NASDAQ: DISH) about creating a cellular network to compete with AT&T Inc. (NYSE: T) and Verizon Wireless. (WSJ)

McDonald’s Corp. (NYSE: MCD) replaces its U.S. president as sales fall. (WSJ)

Mortgage delinquencies reach a four-year low. (WSJ)

States begin to make plans to cut costs if the U.S. hits the fiscal cliff. (WSJ)

Google prepares an app for its map software that will run on Apple iPhone products. (WSJ)

Dell Inc.’s (NASDAQ: DELL) profits fall 47% as the PC market continues to dwindle. (WSJ)

Wal-Mart Stores Inc. (NYSE: WMT) looks into possible bribery in China, Brazil and India. (WSJ)

The FHA faces a deficit of $13.5 billion. (FT)

The European Union may settle on a package of aid to Greece as early as next week. (Bloomberg)

Nintendo has a shortage of Wii U consoles as it launches the product in the United States. (Bloomberg)

The government of Japan lowers its estimates for national economic growth. (Bloomberg)

Douglas A. McIntyre

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