Media Digest (12/9/2010) Reuters, WSJ, NYT, FT, Bloomberg

Seventeen billionaires including Facebook co-founders Mark Zuckerberg and Dustin Moskovitz have agreed to pledge most of their money to charity. (www.thegivingpledge.org) (Reuters)

WikiLeaks supporters shut down the MasterCard (NYSE: MA) and Visa (NYSE V) websites. (Reuters)

The Treasury Department will sell a stake in AIG (NYSE AIG) worth $10 billion to $15 billion. (Reuters)

There are signs of a surge of consumer spending in China. (Reuters)

Google Inc (NASDAQ: GOOG) says it was cut out of a USDA cloud computing deal. (Reuters)

Intel (NASDAQ: INTC) will produce chips for tablets and smartphones in 2011. (Reuters)

Shares of Chinese internet companies Youku.com and Dangdang Inc spiked higher after IPOs. (Reuters)

There were several large off-shore spills and near-catastrophes in the oil industry before Deepwater Horizon. (WSJ)

Extremely low interest rates have begun to hurt margins at financial services firms. (WSJ)

Morgan Stanley (NYSE: MS) will cut management and banker bonuses. (WSJ)

The House approved a $1.2 trillion bill to finance the federal government through its current fiscal year. (WSJ)

Defense suppliers are concerned about government spending cuts. (WSJ)

Intellectual Ventures to sue security companies which include Symantec (NASAQ: SYMC) and McAfee. (WSJ)

Johnson & Johnson (NYSE: JNJ) lost a liability trial over damages from its drug Levaquin. (WSJ)

Netflix (NASDAQ NFLX) added streaming content from Walt Disney (NYSE: DIS). (WSJ)

The Federal Reserve is unlikely to change its monetary policy this year. (WSJ)

Asia’s largest telecom companies will move aggressively toward creation of 4G networks. (WSJ)

Ireland passed is austerity budget. (WSJ)

OPEC may decide to increase oil supply as prices surge toward $90. (WSJ)

Bond yields rose as investors voiced concerns that extensions of tax cuts would increase the deficit. (NYT)

Treasuries suffered their largest sell-off in two years. (FT)

The Pfizer (NYSE: PFE) board is under attack for making a hasty decision about how to replace its CEO. (FT)

Google’s future growth relies on a large number of initiatives which include a broad array of devices. (FT)

More than half of Americans want the Federal Reserve to be more strictly regulated or abolished, according to a Bloomberg poll.

The McKinsey Global Institute says the global cost of capital will rise. (Bloomberg)

Douglas A. McIntyre