Media Digest (2/14/2013) Reuters, WSJ, NY Times, FT

The German and French economies contracted in the final three months of 2012. (Reuters)

The merger of American Airlines and U.S. Airways Group Inc. (NYSE: LCC) is approved by each company's board. (Reuters)

Nestle says 2013 will be as difficult for earnings as 2012 was. (Reuters)

Cisco Systems Inc. (NASDAQ: CSCO) results beat expectations. (Reuters)

Apple Inc. (NASDAQ: AAPL) may have lost the legal rights to the iPhone name in Brazil. (Reuters)

Time Warner Inc. (NYSE: TWX) may sell some of Time Inc.'s magazines to Meredith Corp. (NYSE: MDP). (WSJ)

The European Union and United States are working on a huge open trade arrangement. (WSJ)

Best Buy Co. Inc. (NYSE: BBY) founder Richard Schulze may not make a buyout offer. (WSJ)

Japan's gross domestic product fell at a 0.4% rate in the fourth quarter. (WSJ)

Thompson Reuters Corp. (NYSE: TRI) will cut 2,500 jobs as it struggles with its core terminal business. (WSJ)

Lexus is the winner of the new J.D. Power dependability study. (WSJ)

Data from the National Federation of Independent Business show that small business spending is weak, which hurts the overall economy. (NYT)

Hedge funds make billions betting against the yen. (FT)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, BBY, CSCO, LCC, MDP, TRI, TWX