Media Digest (12/26/2012) Reuters, WSJ, NYT, FT, Bloomberg

Jaguar Land Rover will recall some cars in China over safety concerns. (Reuters)

Netflix Inc. (NASDAQ: NFLX) blames Amazon.com Inc.'s (NASDAQ: AMZN) e-commerce outsource operation for a Christmas Eve disruption of the service. (Reuters)

The Obama Administration may extent its home mortgage refinance program to more people with underwater mortgages. (WSJ)

Information from MasterCard Inc.'s (NYSE: MA) SpendingPlus shows holiday sales slowed. (WSJ)

Venture capitalists cut exposure to risk because of failed IPOs, which include Facebook Inc. (NASDAQ: FB), Groupon Inc. (NASDAQ: GRPN) and Zynga Inc. (NASDAQ: ZNGA). (WSJ)

Hardware and search likely will define competition among Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), Amazon.com and Facebook. (WSJ)

Chevron Corp. (NYSE: CVX) will invest in shale fields in Canada so it can ship more natural gas to Asia. (WSJ)

More foreign car companies, including Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM), have expanded into Russia. (NYT)

Google Apps products begins to take more business from Microsoft Corp. (NASDAQ: MSFT). (NYT)

Activist funds that press for changes at companies in which they invest outperformed the market. (FT)

E-reader sales are expected to fall this year. (FT)

Volkswagen may become the number one car company in China after a year-long competition with GM. (Bloomberg)

Douglas A. McIntyre

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AMZN, CVX, F, FB, GM, GOOG, GRPN, MA, MSFT, NFLX, ZNGA