Media Digest (12/6/2012) Reuters, WSJ, FT, Bloomberg

Media summaries
Media summaries Inc. (NASDAQ: AMZN) has a $2 billion pile of cash in Luxembourg to help fund its operations. (Reuters)

HSBC Holding PLC (NYSE: HBC) may have to pay a $1.6 billion fine for money laundering. (Reuters)

The European Central Bank likely will cut its economic forecasts. (Reuters)

Apple Inc. (NASDAQ: AAPL) shares drop the most in four years. (Reuters)

China's consumption of KFC has fallen. (Reuters)

Ford Motor Co. (NYSE: F) will relaunch its Lincoln brand. (Reuters)

Samsung, trying to improve its IP suit with Apple, files a copy of a settlement between Apple and HTC in a U.S. court. (Reuters)

The Federal Trade Commission says that Google Inc. (NASDAQ: GOOG) could not stop Apple from selling products even if some infringed on the search company's patents. (Reuters)

The Energy Information Administration issues a report likely to help U.S. companies that export natural gas. (WSJ)

Citigroup Inc.'s (NYSE: C) new chief executive shows his taste for cost cuts as he fires 11,000 people. (WSJ)

Kodak receives a bid of more than $500 million for some of its patents. (WSJ)

The U.K. Chancellor of the Exchequer says that austerity and taxes would mute a recovery of the nation's economy. (WSJ)

The Starz pay-TV channel seeks a buyer. (WSJ)

Former Deutsche Bank A.G. (NYSE: DB) employees say the firm hid $12 billion in losses during the credit crisis. (FT)

The European Central Bank likely will not cut rates as yields have fallen under its bond-buying plan. (Bloomberg)

One reason Apple shares have fallen is the Nokia Corp. (NYSE: NOK) deal to sell its phones in China. (Bloomberg)

Douglas A. McIntyre

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, AMZN, C, DB, F, GOOG, HBC, NOK