Investing

Media Digest (12/6/2012) Reuters, WSJ, FT, Bloomberg

Amazon.com Inc. (NASDAQ: AMZN) has a $2 billion pile of cash in Luxembourg to help fund its operations. (Reuters)

HSBC Holding PLC (NYSE: HBC) may have to pay a $1.6 billion fine for money laundering. (Reuters)

The European Central Bank likely will cut its economic forecasts. (Reuters)

Apple Inc. (NASDAQ: AAPL) shares drop the most in four years. (Reuters)

China’s consumption of KFC has fallen. (Reuters)

Ford Motor Co. (NYSE: F) will relaunch its Lincoln brand. (Reuters)

Samsung, trying to improve its IP suit with Apple, files a copy of a settlement between Apple and HTC in a U.S. court. (Reuters)

The Federal Trade Commission says that Google Inc. (NASDAQ: GOOG) could not stop Apple from selling products even if some infringed on the search company’s patents. (Reuters)

The Energy Information Administration issues a report likely to help U.S. companies that export natural gas. (WSJ)

Citigroup Inc.’s (NYSE: C) new chief executive shows his taste for cost cuts as he fires 11,000 people. (WSJ)

Kodak receives a bid of more than $500 million for some of its patents. (WSJ)

The U.K. Chancellor of the Exchequer says that austerity and taxes would mute a recovery of the nation’s economy. (WSJ)

The Starz pay-TV channel seeks a buyer. (WSJ)

Former Deutsche Bank A.G. (NYSE: DB) employees say the firm hid $12 billion in losses during the credit crisis. (FT)

The European Central Bank likely will not cut rates as yields have fallen under its bond-buying plan. (Bloomberg)

One reason Apple shares have fallen is the Nokia Corp. (NYSE: NOK) deal to sell its phones in China. (Bloomberg)

Douglas A. McIntyre

Get Ready To Retire (Sponsored)

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Get started right here.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.