Media Digest (2/23/2012) Reuters, WSJ, NYT, FT, Bloomberg

A panel suggests that Vivus diet drug Qnexa be approved by the FDA. (Reuters)

Japan may cut crude oil imports from Iran by 20%. (Reuters)

Poor results cause shares of Hewlett-Packard (NYSE: HPQ) to drop sharply. (Reuters)

The yen hits a seven-month low compared to the dollar. (Reuters)

Apple (NASDAQ: AAPL), Amazon,com (NASDAQ: AMZN), Google (NASDAQ: GOOG) and others in the smartphone app download business sign a deal to protect customer privacy. (Reuters)

MF Global pressed to move cash just days before its collapse. (WSJ)

Google agrees to put a “no track” option in its browser to protect user privacy. (WSJ)

A new report shows that China must cut back the power of state-owned businesses or face economic problems. (WSJ)

The SEC may set provisions to regulate high-frequency traders. (WSJ)

Deutsche Telekom says results will be hurt by a poor economy and losses of customers in the U.S. (WSJ)

Global factors push up gas prices despite U.S. consumption at an 11-year low. (WSJ)

A judge says BP (NYSE: BP) and Anadarko (NYSE: APC) can face civil suits under the Clean Water Act. (WSJ)

State attorneys general attack Google’s privacy policy. (WSJ)

G20 nations plan to press European nations to increase bailout funds. (WSJ)

Fuller Brush files for Chapter 11. (WSJ)

Microsoft (NASDAQ: MSFT) tells EU regulators that Google and Motorola Mobility (NYSE: MMI) are using patents to try to control the smartphone industry. (WSJ)

Google applies to provide Kansas City, Mo., with video service, which would allow it to compete with cable. (WSJ)

The FDA says 14 Chinese companies have supplied tainted material for the manufacture of blood thinner Heparin. (WSJ)

Air leasing company AerCap (NYSE: AER) says the market is flooded with too many planes from Boeing (NYSE: BA) and Airbus. (WSJ)

T-Mobile objects to a Verizon (NYSE: VZ) plan to spend $3.9 billion for cable TV air wave spectrum. (WSJ)

The White House will suggest rules for online privacy. (NYT)

Germany does not want to add to the 500 billion euro European Stability Mechanism. (FT)

U.S. prime money funds increase their exposure to eurozone paper. (FT)

Oil prices rise to a record high in sterling terms. (FT)

Germany business confidence hits a seven-month high in February. (Bloomberg)

A joint venture of General Motors (NYSE: GM) and PSA Peugeot Citroën in Europe will not solve the problem that each loses money. (Bloomberg)

Douglas A. McIntyre