Media Digest (12/30/2011) Reuters, WSJ, NYT, FT, Bloomberg

A letter regarding former Hewlett-Packard (NYSE: HPQ) CEO Mark Hurd’s behavior which caused his dismissal was ordered to be released by a Delaware court (Reuters)

The US sold Saudi Arabia 84 F-15 fighters for $29.4 billion (Reuters)

China’s December PMI slowed for another month (Reuters)

Verizon Wireless said it repaired a 4G outage (Reuters)

Sears Holdings (NASDAQ: SHLD) listed 79 stores it would close (Reuters)

Sears was downgraded by Fitch (Reuters)

Verizon will make wireless customers pay a $2 fee to use cellphones to pay their bills (Reuters)

Morgan Stanley (NYSE: MS) and Goldman Sachs (NYSE: GS) are in a battle to take the lead position in a Facebook IPO (Reuters)

Italy’s borrowing costs stayed near 7% for 10-year notes (Reuters)

Greek tax officials began a two day walk out (WSJ)

Roche’s Avastin failed to lengthen ovarian cancer patients’ lives according to a report in The New England Journal of Medicine (WSJ)

Web sales between November 1 and the day after Christmas totaled $35.3 billion (WSJ)

Boeing (NYSE: BA) is testing its supply chain after problems with the 787 (WSJ)

Mechanics at United Air agree to a new labor deal (WSJ)

The Federal Reserve may increase efforts to keep interest rates low next year (WSJ)

US manufacturing has picked up ground but workers make far less than in the past (NYT)

Prime Minister Mario Monti set plans to increase growth of the Italian economy (NYT)

More investors have moved to extra safe money market funds (FT)

Gold hit a six month low (FT)

Holiday retail sales may be hurt by the low margins that go with some high sales (FT)

Credit Agricole and BNP Paribas have been hurt by a drop in bond sales by French companies (Bloomberg)

Ore ship rated hit decade lows on lack of China activity (Bloomberg)

Douglas A. McIntyre