Media Digest (10/4/2012) Reuters, WSJ, NYT, FT, Bloomberg

China begins to use its currency for cross-border transactions - a challenge to the dollar. (Reuters)

Google Inc. (NASDAQ: GOOG) is denied summary judgement in a patent fight with Vringo. (Reuters)

The head of EADS says he will consider job guarantees as part of a BAE merger. (Reuters)

A stock-trading "dark pool" with financial backing from several U.S. banks settles charges that it shared client information with Citigroup Inc. (NYSE: C). (WSJ)

Sprint Nextel Corp. (NYSE: S) hurt its chance to compete with AT&T Inc. (NYSE: T) Wireless and Verizon Wirelesss when it did not buy MetroPCS Communications Inc. (NYSE: PCS). (WSJ)

Mark Hurd begins to become a face of Oracle Corp. (NASDAQ: ORCL) two years after he was fired by Hewlett-Packard Co. (NYSE: HPQ). (WSJ)

The fate of billions of dollars in old mortgages affects new home lending. (WSJ)

The Centers for Medicare and Medicaid Services claim a third of federal spending will be on health care a decade from now. (WSJ)

The European Union continues to consider an areawide budget as a partial way to handle bailouts. (WSJ)

Delta Air Lines Inc. (NYSE: DAL) and Korean Air Lines may expand their partnership. (WSJ)

Apple Inc. (NASDAQ: AAPL) will release a smaller version of its iPad to compete with Google and Inc. (NASDAQ: AMZN). (WSJ)

Nasdaq OMX Group Inc. (NASDAQ: NDAQ) has to cancel some trading orders for Kraft Foods Group Inc. (NASDAQ: KRFT) stock because of glitches in its systems. (NYT)

Facebook Inc. (NASDAQ: FB) will allow users to promote status updates but the changes will involve a payment to the social network. (FT)

Spain will have to make concessions it does not want to make to get European Central Bank loans. (Bloomberg)

Douglas A. McIntyre

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, AMZN, C, DAL, FB, GOOG, HPQ, KRFT, NDAQ, ORCL, PCS, S, T