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Media Digest: Reuters, WSJ, NYT, FT, Bloomberg
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The HSBC services Purchasing Managers’ Index (PMI) drops to 51.1 in April, a sign that China’s manufacturing economy is barely expanding. (Reuters)
Bain and Golden Gate are close to a $6.4 billion buyout of BMC Software Inc. (NASDAQ: BMC). (Reuters)
Google Inc. (NASDAQ: GOOG) Android opens an app store in China. (Reuters)
Sales of the Toyota Motor Corp. (NYSE: TM) Camry and Honda Motor Co. Ltd. (NYSE: HMC) Accord are hurt by new competition from U.S. car manufacturers and Hyundai. (WSJ)
“Iron Man 3,” released by Walt Disney Co. (NYSE: DIS) studios, sets weekend records with $175.3 million in ticket sales in North America. (WSJ)
Norway may increase its taxes on oil production. (WSJ)
Neiman Marcus Group may set an initial public offering. (WSJ)
Institutional Shareholder Services tells J.P. Morgan Chase & Co. (NYSE: JPM) stockholders not to vote for the three members of the bank’s risk management committee. (NYT)
Buzzfeed will try to expand its foreign news content. (NYT)
President Obama may support the export of natural gas. (FT)
The European Union could put a 40% tariff on Chinese solar panels. (FT)
YouTube may start to charge for some video channels. (FT)
Berkshire Hathaway Inc. (NYSE: BRK-A) will not buy Apple Inc. (NASDAQ: AAPL) bonds because of their low yields. (Bloomberg)
Many of the world’s largest carriers will not sell the iPhone because of the fees Apple wants to charge them. (Bloomberg)
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