BOSTON (TheStreet) -- The latest Federal Reserve meeting on interest rates leads your quick fix of company, market, economic and investing news for Tuesday, Dec. 13.
Tuesday's 5 Biggest Stories
The Fed won't do anything with interest rates, but watch what the central bank says about its new communications strategy. [Bloomberg]
Despite the debt crisis, German investor sentiment unexpectedly rose for the first time in 10 months in December. [Businessweek]
Sentiment is not as high in Spain after Moody's puts Spanish banks on review for a downgrade. [WSJ]When Jon Corzine testifies before Congress again today, perhaps he can tell Senate members about all the parties who bought MF Global's debt. [WSJ] Well, I suppose that if Verizon (VZ) wants to buy Netflix (NFLX), it makes more sense at $75 a share than it does at $300. [Bloomberg]
Quote of the Day"The U.S. spy drone is part of the Islamic Republic's assets and the nation will decide about future measures on the issue," Iranian Defense Minister Brig. Gen. Ahmad Vahidi said of the U.S. spy drone captured in Iran earlier this month. [NYT]
Company NewsSo much for Black Friday: Best Buy (BBY) misses profit estimates for the second quarter in a row. [WSJ] Zynga has a tough act to follow after Jive Software (JIVE) raises more money than expected. [Bloomberg] Medtronic (MDT) will pay $23.5 million to settle a probe it paid kickbacks to doctors. [Fox News]
MarketsLeast surprising call of the day: JPMorgan perma-bull Thomas Lee expects stocks to soar in 2012. [WSJ MarketBeat] More good news: The NFIB small business survey shows improvement in November. [CNBC] And now, there is more hope for a strong fourth-quarter GDP number. [Calculated Risk]
Investment StrategyHow to use Apple's (AAPL) guidance to predict earnings. [Bullish Cross] The so-called "smart money" is fleeing Europe. [Moneyland]
Odds and EndsMorgan Stanley (MS) employees are pissed over an expensive party for John Mack. [Fox Business] Please don't hate me for making Wham's Christmas classic your music video wake-up call today. [YouTube] -- Written by Robert Holmes in Boston.
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