Media Digest (3/12/2012) Reuters, WSJ, NYT, FT, Bloomberg

The economy of Appalachia may be helped by natural gas and chemical plants. (Reuters)

The People’s Bank of China will do more to support the yuan, and the global economic markets hit a rough patch. (Reuters)

Nokia (NYSE: NOK) will begin to move away from mobile payment systems. (Reuters)

Carlos Slim to invest in an internet TV company. (Reuters)

Studios reach a deal that allows films to be purchased on one Apple (NASDAQ: AAPL) device and viewed on another. (WSJ)

Molycorp’s (NYSE: MCP) $1.3 billion deal to acquire Neo Material Technologies shows how much power China has in the rare earth sector. (WSJ)

Chevron (NYSE: CVX) begins working to catch its competition in the shale oil business. (WSJ)

Intel (NASDAQ: INTC) to quicken its push into mobile device markets. (WSJ)

China’s huge trade deficit raises worries about its growth rate. (WSJ)

The Nasdaq moves toward 3,000 for the first time in 12 years, but it is now supported by companies with stronger financial positions. (WSJ)

New Federal Reserve stress tests likely will show improvement in bank balance sheets. (NYT)

The Fed’s next policy meeting will have to sift through contradicting economic data. (NYT)

Airlines ask the EU to defer a tax on carbon emissions. (FT)

Fed stress tests likely will allow banks to increase dividends. (FT)

The Bank for International Settlements reports that EU capital rules raised fears that slow lending would hurt the consumer economy in the region. (FT)

Nonfinancial companies raise $386 billion this year as credit eases. (FT)

Sales of the iPhone trail those of Samsung in China. (Bloomberg)

The first of several Greek bailout loans is approved. (Bloomberg)

India’s industrial output increases for the first time in seven months. (Bloomberg)

Douglas A. McIntyre