Media Digest (12/28/2012) Reuters, WSJ, NYT, FT, Bloomberg

Investing

Published: December 28, 2012 6:35 am

The yen reaches a two-year low on worries about the Japanese economy and hopes of a budget resolution by Congress. (Reuters)

Tim Cook, CEO of Apple (NASDAQ: AAPL), takes a large pay cut in 2012 — down to $4.17 million. (Reuters)

The huge expansion of Chesapeake Energy Corp. (NYSE: CHK) almost certainly is over, because of trouble at the company and with CEO Aubrey McClendon. (Reuters)

High-speed traders lobby to ward off restrictions on their business practices. (WSJ)

Wal-Mart Stores Inc. (NYSE: WMT) will monitor supplier warehouses after complaints about working conditions. (WSJ)

DirecTV (NASDAQ: DTV) to raise rates. (WSJ)

Starbucks Corp. (NASDAQ: SBUX) will restructure its store chain in Europe and close some outlets to improve appeal. (WSJ)

As the federal tax break on wind energy products expires at year’s end, companies rush to finish projects. (NYT)

Concerns about the dominance of Amazon.com Inc. (NASDAQ: AMZN) prompts smaller vendors to offer expensive same-day delivery. (NYT)

Iron ore prices rise 60% in four months. (FT)

Google Inc.’s (NASDAQ: GOOG) Android begins to draw a large number of app developers — a threat to Apple. (FT)

IPO activity for the year was slow, due, in part, to the failure of Facebook (NASDAQ: FB). (Bloomberg)

Hewlett-Packard Co. (NYSE: HPQ) says the Justice Department is examining its troubled Autonomy buyout. (Bloomberg)

Douglas A. McIntyre

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