Media Digest (3/28/2013) Reuters, WSJ, FT

Investing

Douglas A. McIntyre

Published: March 28, 2013 6:51 am

Royal Dutch Shell PLC (NYSE: RDS-A) must face an investigation over its drilling activities in Alaska. (Reuters)

Chesapeake Energy Corp.’s (NYSE: CHK) CEO search will go beyond a deadline set for the end of this month. (Reuters)

Wal-Mart Stores Inc. (NYSE: WMT) could have some of its customers deliver overnight packages to others. (Reuters)

Clearwire Corp. (NASDAQ: CLWR) will draw down on a credit facility with Sprint Nextel Corp. (NYSE: S). (Reuters)

A new U.S. law will restrict the purchase of Chinese IT products. (Reuters)

The U.S. may regulate equipment bought from China as part of the Softbank buyout of Sprint. (WSJ)

As Cyprus banks reopen, there will be strict rules on how much money depositors can take out. (WSJ)

A proxy advisor recommends that MetroPCS Communications Inc. (NYSE: PCS) shareholders vote against a deal with T-Mobile because their ownership in the new company will be too small. (WSJ)

General Motors Co. (NYSE: GM) will release a new version of its Chevy Camaro Z/28. (WSJ)

Short sellers continue to move into BlackBerry (NASDAQ: BBRY) shares. (WSJ)

The Congressional Budget Office believes use of food stamps will continue to grow. (WSJ)

A bankruptcy judge calls a $20 million severance package for the CEO of AMR “inappropriate.” (WSJ)

Spain says its 2012 budget deficit was larger than expected. (WSJ)

Blackstone Group L.P. (NYSE: BX) may be willing to set a partnership with Dell Inc. (NASDAQ: DELL) CEO Michael Dell as its works on a buyout. (WSJ)

Chevron Corp. (NYSE: CVX) cuts the pay of several executives because of safety problems. (FT)

Google Inc.’s (NASDAQ: GOOG) new smart eyewear will be made in the United States. (FT)

South Korea cuts its GDP growth forecast. (FT)

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