Media
Media Digest (1/4/2012) Reuters, WSJ, NYT, FT, Bloomberg
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Bill Gross’s PIMCO Total Return Fund has $1.4 billion in outflows in December, according to Morningstar. (Reuters)
MF Global sold some assets to Goldman Sachs (NYSE: GS) before its collapsed. (Reuters)
As a move toward making its activities more public, the Federal Reserve will publish its rate forecasts. (Reuters)
BP (NYSE: BP) stops payments from its Gulf Coast Claims Facility as it waits for a court hearing on how some outlays should be made. (Reuters)
Intuit (NASDAQ: INTU) says small business payrolls rose by 55,000 in December. (Reuters)
Research In Motion (NASDAQ: RIMM) may take the chairman title away from its co-CEOs. (Reuters)
Samsung expects a good Q4 because of rising smartphone sales. (Reuters)
PayPal President Scott Thompson will be named Yahoo!’s (NASDAQ: YHOO) CEO. (AllThingsD)
Venture capitalists cut investment activity after a torrid 2011. (WSJ)
Banks grow concerned about investments in Asia as the economy there slows. (WSJ)
MBIA (NYSE: MBI) wins a ruling in its mortgage suit against Bank of America’s (NYSE: BAC) Countrywide. (WSJ)
Toyota’s (NYSE: TM) earnings power will be challenged by the value of the yen. (WSJ)
Sears Holdings (NASDAQ: SHLD) hires the CEO of Brookstone to help resurrect Kmart. (WSJ)
Farmers and the food industry want relief from new government rules on consumer intake of dioxins. (WSJ)
The French government will increase its VAT. (WSJ)
Oprah Winfrey’s new TV show has a poor start. (WSJ)
Starbucks (NASDAQ: SBUX) to raise prices in some parts of the country. (WSJ)
Athabasca Oil Sands will sell 40% of one of its oil sands products to PetroChina (NYSE: PTR). (WSJ)
AT&T (NYSE: T) will pay TiVo (NASDAQ: TIVO) $125 million for a license to some of its technology. (WSJ)
Ford (NYSE: F) to launch a new SUV in India. (WSJ)
Online sales help the results of UPS (NYSE: UPS) and American Express (NYSE: AXP). (NYT)
The jobless rate in Germany falls to 6.8%. (NYT)
As Spain’s unemployment reaches 23%, evidence grows that Europe has been divided into financial “haves” and “have not” nations. (FT)
Mobile research firm Flurry says that more than 1.2 billion apps were downloaded the week of Christmas. (FT)
Due to a slow global economy, Fiat may be well short of its goal to sell 6 million cars, between its main unit and Chrysler, by 2014. (Bloomberg)
Shares of Groupon (NASDAQ: GRPN) fall as investors worry about the future of online daily deals. (Bloomberg)
Douglas A. McIntyre
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