Media Digest (1/24/2011) Reuters, WSJ, NYT, FT, Bloomberg

RockTenn (NYSE: RKT) will buy Smirft-Stone (NYSE: SSCN) for $3.5 billion. (Reuters)

Assets in the Treasury’s toxic asset fund rose 27% in value last year to $6.3 billion. (Reuters)

China will pass its higher costs of goods on to Western economies, hurting margins. (Reuters)

A Morgan Stanley (NYSE: MS) banker is under investigation in the Galleon case. (Reuters)

Research In Motion  (NASDAQ: RIMM) will allow BlackBerry users to separate personal emails from corporate communications. (Reuters)

Google (NASDAQ: GOOG) will give Eric Schmidt a $100 million equity award as he leaves the jobs as CEO. (Reuters)

The board of Sara Lee (NYSE: SLE) will consider private equity bids for the company. (Reuters)

Inflation fears have begun to grow and the ECB has indicated it may raise rates. (WSJ)

The US Postal System could close large numbers of post offices. (WSJ)

Firefox will add feature that will let users block software that can track their behavior. (WSJ)

The National Association of Business Economics survey showed businesses will resume hiring. (WSJ)

Sanofi-Aventis extended it $18.5 billion bid for Genzyme (NASDAQ: GNZM). (WSJ)

Philips profits rose on healthcare sales. (WSJ)

Honda (NYSE: HMC) found $181 million in improper transactions at one of its units. (WSJ)

Apple (NASDAQ: AAPL) announced downloads at it App Store hit 10 billion. (WSJ)

The Federal Reserve may be pressed to create an inflation target. (WSJ)

Ireland’s Green Party left the ruling coalition which could force new elections. (WSJ)

PFC Energy rankings show the power of major oil companies shifting from the West. (WSJ)

The New York Times (NYSE: NYT) will begin to test its pay wall (WSJ)

The American Management Association reports that more than 20% of companies have inadequate succession plans. (WSJ)

Trading in bonds suggests fear the US could lose its AAA rating. (WSJ)

S&P will indicate it probably downgrade more state and municipal bond ratings this year. (WSJ)

The circulation of the Los Angeles Times has dropped sharply. (NYT)

The SEC suggested on Saturday that it have more oversight of certain brokerage group. (NYT)

Oil prices are still subject to economic factors which are hard to predict. (FT)

Steel prices could rise by two-thirds this year. (FT)

Comments at Davos predict the world’s economy may be entering a long-term growth cycle. (Bloomberg)

Douglas A. McIntyre