Media Digest (12/17/2012) Reuters, WSJ, FT

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Early sales of the Apple Inc. (NASDAQ: AAPL) iPhone 5 in China are strong. (Reuters)

American International Group Inc. (NYSE: AIG) will raise $6.5 billion through the sale of AIA. (Reuters)

Infosys Ltd. (NASDAQ: INFY) may cuts its forecast as global consulting demand slows. (Reuters)

Private equity firms have taken on near historic levels of debt to close a large number of deals this year. (WSJ)

Akamai Technologies Inc. (NASDAQ: AKAM) will make one of its founders CEO. (WSJ)

Ratings agencies start to look at the effects of the fiscal cliff and the U.S. debt limit. (WSJ)

Chinese leaders indicate they will work to increase local demand to make it a larger part of gross domestic product. (WSJ)

Google Inc. (NASDAQ: GOOG) will not be harmed by the settlement of a two-year federal investigation of its business practices. (WSJ)

Facebook Inc.'s (NASDAQ: FB) e-commerce arrangement with Wal-Mart Stores Inc. (NYSE: WMT) for Black Friday sales may help the firm's investor demand. (WSJ)

Boeing Co. (NYSE: BA) continues to investigate problems with its 787 Dreamliner after four planes are grounded by mechanical issues. (WSJ)

United Continental Holdings Inc. (NYSE: UAL) pilots agree to a contract to cover their relationship with the airline created by a merger two years ago. (WSJ)

Twitter increases its deals with retailers for the year-end shopping season. (WSJ)

A possible fine against UBS A.G. (NYSE: UBS) by the U.S. government will worry other banks with legal trouble with the federal government. (WSJ)

U.S. banks ask for relief from Basel III because of the amount of money they would have to raise. (FT)

Douglas A. McIntyre

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, AIG, AKAM, BA, FB, GOOG, INFY, UAL, UBS, WMT