Media Digest (4/9/2013) Reuters, WSJ, NYT, FT, Bloomberg

Investing

Published: April 9, 2013 6:24 am

Last Updated: April 9, 2013 6:27 am

J.C. Penney Co. Inc.’s (NYSE: JCP) board faces criticism for firing CEO Ron Johnson and replacing him with the predecessor who cause some of the retailer’s problems. (Reuters)

Ford Motor Co. (NYSE: F) says its Focus was the number two car in the world in 2012 based on total sales. (Reuters)

Citigroup Inc. (NYSE: C) will seek claims from NASDAQ OMX Group Inc. (NASDAQ: NDAQ) for the botched Facebook Inc. (NASDAQ: FB) initial public offering. (Reuters)

Ericsson (NASDAQ: ERIC) will buy Microsoft Corp.’s (NASDAQ: MSFT) IPTV business. (Reuters)

Japan’s new stimulus program makes European bonds attractive. (WSJ)

News Corp.’s (NASDAQ: NWSA) Fox may pull its broadcast signal because it says Aero steals it to make money. (WSJ)

Walt Disney Co. (NYSE: DIS) cuts 150 jobs at its movie studio. (WSJ)

Lenders who finance the Portugal bailout want the country to make more cuts to get its next payment. (WSJ)

China’s consumer inflation drops to 2.1% in March. (WSJ)

Fisker Automotive may enter bankruptcy. (WSJ)

Macy’s Inc. (NYSE: M) claims that J.C. Penney again violated its agreement with Martha Stewart Omnimedia Inc. (NYSE: MSO). (WSJ)

Hewlett-Packard Co. (NYSE: HPQ) will launch a low-powered server to help its turnaround. (WSJ)

Google Inc.’s (NASDAQ: GOOG) plans to offer high-speed fiber in some regions may hurt cable. (WSJ)

Google’s competitors file complaints about its practices with EU regulators. (NYT)

Money management firm BlackRock Inc. (NYSE: BLK) says the Fed should cut back on QE3. (FT)

Alcoa Inc.’s (NYSE: AA) results are helped by demand for cars. (FT)

Trouble in the European Union causes German exports to drop in February. (Bloomberg)

Rumors of a buyout by Warren Buffet boost shares of Suntech Power Holdings Co. Ltd. (NYSE: STP). (Bloomberg)

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