Media Digest (12/7/2012) Reuters, WSJ, FT, Bloomberg

Investors who are optimistic about Europe's prospects are disappointed by European Central Bank comments on the economy. (Reuters)

T-Mobile will stop phone subsidies and start to sell the Apple Inc. (NASDAQ: AAPL) iPhone next year. (Reuters)

U.S. cellular carriers will create a 911 service. (Reuters)

Delta Air Line's (NYSE: DAL) reservation app is challenged in a California court because of the way it collects data. (WSJ)

International Business Machines Corp. (NYSE: IBM), one of the leaders in big company benefits programs, will change the way it contributes to 401(K) accounts. (WSJ)

Tim Cook of Apple says the company will produce one of its Mac products in the United States. (WSJ)

The FBI is examining whether Big Lots Inc. (NYSE: BIG) CEO Bloomberg sold $10 million in shares ahead of bad news that pushed shares down. (WSJ)

The Securities and Exchange Commission sends a Wells Notice to the CEO of Netflix (NASDAQ: NFLX) about posting of information on Facebook Inc. (NASDAQ: FB). (WSJ)

Google Inc. (NASDAQ: GOOG) will sell the set-top box business of Motorola Mobility. (WSJ)

U.S. companies slow the amount of cash they put on their balance sheets as the economy improves. (WSJ)

PPR, Alcoa Inc. (NYSE: AA) and Kimberly-Clark Corp. (NYSE: KMB) join other companies moving out of southern Europe as its economy falters. (WSJ)

Google Apps will no longer be offered to small businesses for free. (WSJ)

Investors grow concerned that bonds in top-rated companies have become more risky. (WSJ)

A U.S. judge in charge of the largest patent case between Apple and Samsung presses for the companies to settle disputes around the world. (FT)

Brazil will invest $26 billion to improve its ports. (FT)

The Bundesbank cuts its estimate for German GDP growth from 1.6% to 0.4%. (Bloomberg)

Douglas A. McIntyre

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AA, AAPL, BIG, DAL, FB, GOOG, IBM, KMB, NFLX