Media Digest (12/5/2012) Reuters, WSJ, NYT, Bloomberg

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The Federal Reserve will begin a new round of bond buying in hopes of stimulating the economy. (Reuters)

China shares reached a quarter-long high as government policy initiatives buoy investors. (Reuters)

Nokia Corp. (NYSE: NOK) will release its new Lumia smartphone with China Mobile Ltd. (NYSE: CHL). (Reuters)

Yahoo! Inc. (NASDAQ: YHOO) buys a video chat start-up company. (Reuters)

Netflix Inc. (NASDAQ: NFLX) sets a new movie distribution deal with Walt Disney Co. (NYSE: DIS). (Reuters)

The SEC investigates sales of stock by Big Lots Inc. (NYSE: BIG) CEO Steven Fishman. (WSJ)

Tesco Corp. (NASDAQ: TESO) will leave the U.K. market after large financial losses. (WSJ)

The Big Three have more unsold cars because of the success of Japanese in the small vehicle market. (WSJ)

U.S. oil output is near a 15-year high. (WSJ)

Facebook Inc. (NASDAQ: FB) will joint the Nasdaq 100. (WSJ)

Verizon Communications Inc. (NYSE: VZ) is replacing damaged cooper wire with fiber. (WSJ)

The failure of the Thomson Reuters Corp. (NYSE: TRI) business prompts the head of the family that owns it to get more involved. (WSJ)

Pandora Media Inc.'s (NYSE: P) shares drop as it posts poor earnings and a weak forecast. (WSJ)

Darden Restaurants Inc. (NYSE: DRI) says marketing did not increase traffic from consumers with tight budgets as its financial results faltered. (WSJ)

Canadian Pacific Railway Ltd. (NYSE: CP) will cut 4,500 jobs. (WSJ)

Intel Corp. (NASDAQ: INTC) will borrow $6 billion to increase its share buybacks. (WSJ)

A mechanical problem forces a Delta Air Lines Inc. (NYSE: DAL) Boeing Co. (NYSE: BA) 787 Dreamliner to make an emergency landing. (WSJ)

Qualcomm Inc. (NASDAQ: QCOM) will make a $120 million investment in Sharp. (WSJ)

Zynga Inc. (NASDAQ: ZNGA) will bundle its games with cable TV offerings. (WSJ)

Apps hurt the amount charged by carriers for texts. (NYT)

Europe's finance ministers disagree on how to set a central bank authority. (NYT)

John Paulson's hedge fund posts losses due to a worsening financial picture in Europe. (Bloomberg)

Douglas A. McIntyre

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: BA, BIG, CHL, CP, DAL, DIS, DRI, FB, INTC, NFLX, NOK, P, QCOM, TESO, TRI, VZ, YHOO, ZNGA