Media Digest (9/11/2012) Reuters, WSJ, NYT, FT, Bloomberg

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George Soros says Germany should back the European Union or leave it. (Reuters)

The new Apple Inc. (NASDAQ: AAPL) iPhone could boast fourth-quarter gross domestic product by 0.5%, according to a J.P. Morgan Chase & Co. (NYSE: JPM) analyst. (Reuters)

Google Inc.'s (NASDAQ: GOOG) YouTube puts out a new iPhone app. (Reuters)

Zynga Inc. (NASDAQ: ZNGA) loses its chief marketing officer. (Reuters)

Advanced Micro Devices Inc. (NYSE: AMD) releases a low-powered server platform. (Reuters)

The new iPhone will test the ability of U.S. cellular companies to make money from the popular device. (WSJ)

Fedex Corp. (NYSE: FDX) and United Parcel Service Inc. (NYSE: UPS) pick up market share in China. (WSJ)

Hewlett-Packard Co. (NYSE: HPQ) increases planned layoffs to 29,000. (WSJ)

Kodak's CFO departs and the firm lays off another 1,000 people. (WSJ)

Alcatel-Lucent S.A. (NYSE: ALU) reorganizes its top management. (WSJ)

Spanish Prime Minister Mariano Rajoy says potential European Central Bank funding had pushed down borrowing costs and made a bailout of his country less likely. (WSJ)

The updating of older gas-drilling products helps the services industries that support them. (WSJ)

Plains Exploration & Production Co. (NYSE: PXP) will raise $7 billion to buy Gulf assets from BP PLC (NYSE: BP) and Royal Dutch Shell PLC (NYSE: RDS-A). (WSJ)

Transocean Ltd. (NYSE: RIG) will sell 38 shallow water rigs, and a potential settlement with the government over Deepwater Horizon progresses. (WSJ)

Traders cannot figure out why there is a surplus of copper. (WSJ)

The new CEO of Barclays PLC (NYSE: BCS) says he will not break up the bank. (WSJ)

Foxconn, an Apple supplier, may use "interns" as low-paid workers. (NYT)

ECB support of bonds helps firms that bought the sovereign paper of Ireland, Portugal, Spain and Italy. (NYT)

Glencore International says its new offer for Xstrata is its final one. (NYT)

JAL will raise $8.5 billion with its new initial public offering. (NYT)

The United States has made $15 billion on its "investment" in American International Group Inc. (NYSE: AIG). (Bloomberg)

General Motors Co. (NYSE: GM) supports the new CEO of Opel and says it is committed to fixing the unit. (Bloomberg)

The new iPhone is likely to sell millions of units in just a few weeks. (Bloomberg)

Douglas A. McIntyre


Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, AIG, ALU, AMD, BCS, BP, FDX, GM, GOOG, HPQ, JPM, PXP, RDS-A, RIG, UPS, ZNGA
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