Media Digest (10/16/2012) Reuters, WSJ, NYT, FT, Bloomberg


The U.S. wireless market will continue to be dominated by AT&T Inc. (NYSE: T) and Verizon Wireless despite Softbank's 70% investment in Sprint Nextel Corp. (NYSE: S). (Reuters)

Starbucks Corp. (NASDAQ: SBUX) begins to sell its Verismo coffee brewing machine. (Reuters) Inc. (NASDAQ: AMZN) will hire 50,000 temp workers for the holidays. (Reuters)

Yahoo! Inc. (NASDAQ: YHOO) hires Henrique de Castro of Google Inc. (NASDAQ: GOOG) to be its chief operating officer. (Reuters)

Spain sets plans to get a bailout line of credit from the permanent EU fund. (WSJ)

Some mortgage lenders may get immunity from prosecution if they make loans to qualified buyers. (WSJ)

Some corporate customers worry that Microsoft Corp.'s (NASDAQ: MSFT) Windows 8 will be hard for workers to use. (WSJ)

JAL says ticket sales to China could be hurt for six months due to the territorial dispute between the two nations. (WSJ)

BlackRock (NYSE: BLK) says it will cut fees on some of its exchange-traded funds. (WSJ)

Gold reaches a one-month low. (WSJ)

Many China exporters say they see improvement in U.S. and emerging market demand. (NYT)

The prime minister of Greece says he expects his country to stay in the European Union. (NYT)

A Fed official says that, because several large banks dominate the mortgage business, low interest rates are not passed on to consumers. (FT)

Softbank will put $8 billion of capital into Sprint. (FT)

Standard & Poor's cuts its rating on Spain's largest financial firms. (Bloomberg)

Douglas A. McIntyre