Media Digest (12/14/2012) Reuters, WSJ, FT, Bloomberg

80s tv set graphic
80s tv set graphic

European leaders say they will take additional steps to end the economic crisis in the region. (Reuters)

Softbank puts an upper limit on what Sprint Nextel Corp. (NYSE: S) may pay to buy the portion of Clearwire Corp. (NASDAQ: CLWR) it does not already own. (Reuters)

AMR pilots meet with the firm's CEO and say they are in favor of a buyout by US Airways Group Inc. (NYSE: LCC). (Reuters)

Wal-Mart Stores Inc. (NYSE: WMT) and Kroger Co. (NYSE: KR) may bid for the assets of Hostess. (Reuters)

While Apple Inc.'s (NASDAQ: AAPL) market share drops in China, it will release the iPhone 5 there. (Reuters)

A jury finds that the Apple iPhone violates three patents of MobileMedia Ideas. (Reuters)

Shares of Best Buy Co. Inc. (NYSE: BBY) rise almost 15% due to rumors that former chairman Richard Schulze will make a bid for the company. (Reuters)

UBS A.G. (NYSE: UBS) may settle with the government over Libor manipulation accusations. The cost could be as high as $1 billion. (WSJ)

Alcatel-Lucent S.A. (NYSE: ALU) receives $2.1 billion in new financing and its shares soar. (WSJ)

PMI data shows stronger growth in China's manufacturing sector. (WSJ)

Deutsche Bank A.G. (NYSE: DB) says it expects a large loss because of restructuring. (WSJ)

Yahoo! Inc. (NASDAQ: YHOO) adds the co-founder of eBay Inc.'s (NASDAQ: EBAY) Paypal to its board. (WSJ)

Italy's finance minister says the nation will not ask for aid from the European Union. (WSJ)

General Motors Co. (NYSE: GM) now manufactures pickups with more towing capacity. (WSJ)

Solar City's (NASDAQ: SCTY) stock trades well above its IPO price on the first day it is public. (WSJ)

Oversupply severely hurts the price of most commodities. (WSJ)

State officials raise concerns that Washington's austerity plans will undermine money given to them by the federal government. (WSJ)

Japanese business confidence falls. (FT)

The Federal Reserve begins its stress tests of banks as it seeks to focus on liquidity. (FT)

European car sales fall sharply in November, according to the European Automobile Manufacturers' Association. (Bloomberg)

Douglas A. McIntyre

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, ALU, BBY, CLWR, DB, EBAY, GM, KR, LCC, S, SCTY, UBS, WMT, YHOO

Originally published