Media Digest (1/18/2011) Reuters, WSJ, NYT, FT, Bloomberg

Some Senators said they would pass a currency bill to punish China on the value of the yuan just as the People’s Republic president Hu Jintao visits Obama. (Reuters)

Citigroup (NYSE: C) will probably post a profit for the fourth quarter. (Reuters)

Goldman Sachs Group (NYSE: GS) will exclude US investors from its sale of shares in Facebook. (Reuters)

The FCC and Department of Justice are near a deal to approve Comcast (NASDAQ: CMCSA) taking a majority interest in NBCU from GE. (NYSE: GE) (WSJ)

Global capital markets are concerned about whether the EU will quickly create a fund for faltering economies in the region. (Reuters)

Blockbuster has asked its bondholders for more money. (WSJ)

European shares hit 28 month highs. (Reuters)

Apple’s (NASDAQ: AAPL) results will rise sharply for the last quarter amid questions about the health of Steve Jobs. (Reuters)

Research In Motion (NASDAQ: RIMM) said it would honor an Indonesian ban against distribution of pornography. (Reuters)

The OECD says cyber attacks could badly damage global information infrastructure. (Reuters)

J Crew Group (NYSE: JCG) is close to settling shareholder lawsuits over a purchase of the company by Leonard Green and TPG Capital. (Reuters)

The “poison pill” takeover block will be reviewed in Delaware court. (WSJ)

Some technical investors believe the market is close to a major sell-off. (WSJ)

A number of regulations supposed to come from the Dodd Frank law are late. (WSJ)

OPEC raised its forecast for crude demand in 2011. (WSJ)

Airbus won a large order from Virgin. (WSJ)

US farmers may plant an extra 10 million acres of crops to handle rising demand. (WSJ)

The Boeing (NYSE: BA) 787 will resume test flights. (WSJ)

Rio Tinto (NYSE: RTP) said it had record ore output. (WSJ)

IBM (NYSE: IBM) has begun a push into business analytics software. (WSJ)

Republicans may try to block a rise in the debt limit of the US government. (WSJ)

Sales growth of US companies could be hurt by rising costs and American firms look to 2011 earnings. (WSJ)

Nokia (NYSE: NOK) will cut back on free music downloads. (WSJ)

Apple shareholder are upset the the company will not give out part of its nearly $70 billion in cash. (WSJ)

Foreign banks are aggressively borrowing money in the US because of low interest rates. (WSJ)

The price of Google (NASDAQ: GOOG) Android open source software gives it an advantage over other operating systems like Apple’s. (WSJ)

A former Julius Baer banker gave customer details to WikiLeaks. (NYT)

GE (NYSE: GE) will work with business interests in China to compete with Boeing (NYSE: BA) and Airbus. (NYT)

Support among strong EU nations for a larger regional bailout fund has risen. (NYT)

China’s funding of poor nations topped that of the World Bank. (FT)

State and municipal pensions face a $2.5 trillion shortfall. (FT)

Nearly half of all European securitization could be downgraded by S&P. (FT)

Citigroup (NYSE: C) still faces problems with its troubled mortgage portfolio. (Bloomberg)

Upper level households has been the key to a rise in consumer spending. (Bloomberg)

Douglas A. McIntyre