Media Digest (12/27/2012) Reuters, WSJ, NYT, FT, Bloomberg

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Retailers press post-holiday discounts to make up for poor sales earlier in the cycle. (Reuters)

Toyota Motor Corp. (NYSE: TM) will pay $1.1 billion to settle U.S. class action suits over recalls that may cover 16 million owners. (WSJ)

The U.S. will reach its debt ceiling at the end of the year. (WSJ)

Marvell Technology Group Ltd. (NASDAQ: MRVL) will have to pay a patent infringement penalty of $1.17 billion to Carnegie Mellon. (WSJ)

Nokia Corp. (NYSE: NOK) begins to offer discounts on its Lumia phones. (WSJ)

Chinese companies are selling debt to local funds at a record pace. (WSJ)

A longshoremen strike may close eastern U.S. ports beginning on Sunday. (NYT)

Europe may risk the boom in shale, according to Saudi Arabia's Sabic. (FT)

Many U.S. retailers have high margins because of inventory control and fewer discounts than usual. (Bloomberg)

Douglas A. McIntyre

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: MRVL, NOK, TM