Media Digest (1/6/2012) Reuters, WSJ, NYT, FT, Bloomberg

Former Olympus CEO Michael Woodford will sue the troubled company for wrongful dismissal. (Reuters)

The International Monetary Fund’s Lagarde says 2012 will not see the end of the euro. (Reuters)

MF Global’s trustee will not hand over some documents about the collapsed firm to regulators. (Reuters)

Samsung’s profits in Q4 are driven up by handset sales. (Reuters)

General Motors (NYSE: GM) to reinforce Volt battery casings. (Reuters)

Toyota (NYSE: TM) to target 10% growth in China this year. (Reuters)

George Soros says a breakup of the euro would be a disaster. (Reuters)

LG says it set a partnership with Google (NASDAQ: GOOG) to launch Google TV. (Reuters)

Use of Siri causes the new iPhone to double its data consumption. (Reuters)

Yahoo! (NASDAQ: YHOO) will decide whether to engineer a spin-out that may save it $4 billion in taxes. (WSJ)

The U.S. office market slightly improves in Q4. (WSJ)

BMW is the top luxury car company in America, based on 2011 sales. (WSJ)

The military will downsize considerably under a new Obama plan. (WSJ)

California Governor Jerry Brown hopes to close a $9.2 billion budget gap with cuts to social services. (WSJ)

A recession in Europe raises more worries that its finances will become a larger problem. (WSJ)

Alcoa (NYSE: AA) will close some aluminum-smelting capacity because of slow demand. (WSJ)

Boeing (NYSE: BA) lags Airbus in 2011 sales. (WSJ)

Shares soar after Dendreon (NASDAQ: DNDN) says its made advances in development of its Provenge prostate-cancer. (WSJ)

China will curtail plans that help foreign car makers in order to help locals. (WSJ)

PC firm Lenovo will reset how it is organized geographically. (WSJ)

The IMF may set stress tests for Japan’s banks (WSJ)

Financial firms will sell $12 billion in bonds this week. (WSJ)

The top 1% of mobile users consumer half of all bandwidth. (NYT)

Holders of U.S. mortgage bonds may report large losses as banks settle mortgage paper charges with the government. (FT)

HTC sees its first profit drop in two years. (Bloomberg)

Audi plans to increase sales substantially in the U.S. (Bloomberg)

Douglas A. McIntyre