Media Digest (12/9/2011) Reuters, WSJ, FT, Bloomberg

Jon Corzine of MF Global says he does not know where much of the firm’s funds went. (Reuters)

Samsung wins the legal fight over whether it can sell its tablet PC in Australia despite objections from Apple (NASDAQ: AAPL). (Reuters)

A Facebook  IPO will make a number of the social network’s workers rich and give huge returns to several VCs. (Reuters)

China’s industrial output drops to a two-year low, and inflation also fell. (Reuters)

Toyota (NYSE: TM) expects lower profits because of the yen and Thailand floods. (Reuters)

Panasonic will try to enter the smartphone market again. (Reuters)

Zynga claims it can double the number of paid players it has in a short time. (Reuters)

Soros may have bought many of the bonds on which MF Global lost money. (WSJ)

Walmart (NYSE: WMT) says it is looking into bribery charges overseas. (WSJ)

The rise in the value of the yuan appears to have ended. (WSJ)

Locations open 24 hours a day helped McDonald’s (NYSE: MCD) sales last month. (WSJ)

Jewelry retailer Chow Tai Fook Jewellery Group raises $2 billion in a Hong Kong IPO. (WSJ)

Sharp raises its forecasts for 2012 TV sales. (WSJ)

ZTE will start to sell smartphones in the U.S. (WSJ)

Inflation likely will be ahead of home values through 2016. (WSJ)

Some new apps have features that push aside ads from companies like Facebook and Yahoo! (NASDAQ: YHOO). (WSJ)

MEMC Electronic (NYSE: WFR) to cut its staff by 20% due to problems in the semiconductor and solar businesses. (WSJ)

Texas Instruments (NYSE: TXN) cuts its forecasts. (WSJ)

Nokia (NYSE: NOK) is about to launch new smartphones in the U.S. — the Lumia product — which will use Microsoft’s (NASDAQ: MSFT) Windows mobile OS. (WSJ)

Wells Fargo (NYSE: WFC) settles a bid-rigging case from Wachovia for $148 million. (WSJ)

EU banks are expected to show a 115 billion euro shortfall when stress tests are completed. (FT)

Hedge funds will have their worst year since 2008. (FT)

The EU drops plans to have private investors participate in write-offs of sovereign paper. (Bloomberg)

Moody’s cuts it ratings of Societe Generale, BNP Paribas and Credit Agricole. (Bloomberg)

Douglas A. McIntyre