Media Digest (12/3/2012) Reuters, WSJ, NYTimes, FT, Bloomberg

China’s PMI steps up in November. (Reuters)

Greece begins to buy back some of its high-yield bonds. (Reuters)

Delta Air Lines Inc. (NYSE: DAL) may buy Virgin Atlantic. (Reuters)

Martin Marietta Materials Inc. (NYSE: MLM) may buy Vulcan Materials Co. (NYSE: VMC). (WSJ)

Large ad companies, including WPP PLC (NASDAQ: WPPGY) and Interpublic Group of Companies Inc. (NYSE: IPG), lower their forecasts for spending next year. (WSJ)

More and more economists expect jobs to pick up next year. (WSJ)

Same-day delivery by e-commerce firms cuts margins considerably. (WSJ)

Cerberus may buy Supervalu Inc. (NYSE: SVU). (WSJ)

Netflix Inc. (NASDAQ: NFLX) continues to add to its original programming. (WSJ)

UBS A.G. (NYSE: UBS) may pay U.S. and U.K. regulators $450 million because it manipulated profits. (NYT)

Some analysts expect the fiscal cliff effect on business and personal spending to be muted. (NYT)

DVRs hurt the ratings of NBC and CBS Corp. (NYSE: CBS). (NYT)

Concerns about higher taxes prompt U.S. corporations to increase deals before year’s end. (FT)

Starbucks Corp. (NASDAQ: SBUX) tries to settle claims with the United Kingdom that it pays too little in taxes. (FT)

Angela Merkel suggests she may accept a write-down of Greek debt. (Bloomberg)

Nokia Corp.’s (NYSE: NOK) ability to connect to fast networks that Apple Inc. (NASDAQ: AAPL) cannot may help the struggling firm. (Bloomberg)

Singapore Air may sell a piece of Virgin Atlantic. (Bloomberg)

Douglas A. McIntyre