Media Digest (12/8/2011) Reuters, WSJ, NYTimes, FT, Bloomberg

S&P may downgrade the EU and the largest eurozone banks. (Reuters)

France and Germany continue to press new eurozone treaty measures that would help trigger new financing for the region. (Reuters)

Japan says it is not aware of a $600 billion IMF plan for Europe. (Reuters)

The Department of Health blocks wider distribution of the morning-after birth control pill. (Reuters)

Japan’s government may set a bailout fund from crippled TEPCO. The fund may be as high as $19 billion. (Reuters)

Two large electronics retailers in China increase e-commerce efforts. (Reuters)

Nintendo says its lead game designer, Shigeru Miyamoto, will not leave. (Reuters)

AT&T (NYSE: T) says it will continue its campaign to buy T-Mobile. (Reuters)

A Wall Street Journal analysis shows the SEC allowed 50 money managers to avoid disclosing ownership in corporations. (WSJ)

Natural gas will replace coal as the primary means to generate electricity in the U.S. by 2025. (WSJ)

Regulators may decide U.S. banks do not have to set risk parameters based on credit rating agency opinions. (WSJ)

A deal between Deutsche Boerse and NYSE Euronext (NYSE: NYX) faces more regulator scrutiny. (WSJ)

Macy’s (NYSE: M) may try to block a deal between Martha Stewart Living Omnimedia (NYSE: MSO) and JCPenney (NYSE: JCP). (WSJ)

General Motors (NYSE: GM) says Volt fires were cause by welded parts in the cars. (WSJ)

Verizon’s (NYSE: VZ) 4G network not working in some areas. (WSJ)

Some central banks in Europe set plans in the event the eurozone does not survive. (WSJ)

New York State raises a tax on the wealthy. (WSJ)

Avon (NYSE: AVP) has a gap between earnings and free cash flow that limits its operations. (WSJ)

Discovery Communications (NASDAQ: DISCA) says its investment in the Oprah network continues to rise. (WSJ)

Pacific Sunware of California (NASDAQ: PSUN) will close 200 stores. (WSJ)

Southwest Air (NYSE: LUV) is close to a transaction to buy 100 Boeing (NYSE: BA) planes. (WSJ)

Pfizer (NYSE: PFE) has advanced approval of a new kidney cancer drug. (WSJ)

AstraZeneca (NYSE: AZN) says it will cut its U.S. workforce by 24%. (WSJ)

LivingSocial will try to raise $400 million and probably put IPO plans on hold. (WSJ)

Developers buy closed auto plants because of cheap property values. (NYT)

Boeing (NYSE: BA) workers approve a new four-year contract. (NYT)

Genetech and Novartis (NYSE: NVS) develop a drug that may slow the advance of breast cancer. (NYT)

Nokia (NYSE: NOK) may sell its luxury operations. (FT)

JPMorgan (NYSE: JPM) says it will increase lending in Europe. (FT)

Apple (NASDAQ: AAPL) loses a key trademark case in China. (FT)

McGraw-Hill (NYSE: MHP) to cuts jobs in its education unit. (FT)

A Bloomberg poll says investors expect a banking crisis in China. (Bloomberg)

Douglas A. McIntyre