Media Digest (1/3/2013) Reuters, WSJ, NYT, FT, Bloomberg

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China's services index rises to 56.1 in December, a sign of healthy expansion. (Reuters)

Apple Inc. (NASDAQ: AAPL) tests a new iPhone and iOS 7. (Reuters)

A court rejects an Apple suit against Inc. (NASDAQ: AMZN) about its app store. (Reuters)

Avis Budget Group Inc. (NASDAQ: CAR) to buy ZipCar Inc. (NASDAQ: ZIP). (Reuters)

Bonds based on commercial mortgages may present high future risks. (WSJ)

Al-Jazeera buys Current TV. (WSJ)

The Energy Information Administration reports that electricity use will slow sharply in the decades ahead. (WSJ)

The FTC may set a deal with Google Inc. (NASDAQ: GOOG) over an antitrust investigation. (WSJ)

Microsoft Corp. (NASDAQ: MSFT) buys R2 Studios to help Xbox enter homes in a move beyond gaming consoles. (WSJ)

Abbott Laboratories (NYSE: ABT) spins out drug maker AbbVie Inc. (NYSE: ABBV). (WSJ)

Toyota Motor Corp. (NYSE: TM) puts most of its troubles from the past three years behind it as it rises to be the world's number one car company again. (NYT)

Bank of America Corp. (NYSE: BAC) says its lending to businesses will be more aggressive. (FT)

Starbucks Corp. (NASDAQ: SBUX) will open stores in Vietnam. (FT)

Land prices in Beijing rise sharply despite government efforts to keep them lower. (FT)

Gold reaches a two-week high on stimulus news. (Bloomberg)

Douglas A. McIntyre

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, ABBV, ABT, AMZN, BAC, CAR, GOOG, MSFT, SBUX, TM, ZIP