Media Digest: Reuters, WSJ, NYT, FT, Bloomberg

Carl Icahn and Southeastern will offer an alternative to the Dell Inc. (NASDAQ: DELL) buyout. (WSJ)

ArcelorMittal (NYSE: MT) earnings are hit by lower steel shipments. (WSJ)

Amazon.com Inc. (NASDAQ: AMZN) may release a 3D smartphone. (WSJ)

The National Association of Realtors reports that home prices rose by the largest amount in seven years in the first quarter. (WSJ)

Poor weather hurts April retail sales. (WSJ)

AT&T Inc. (NYSE: T) starts a new prepaid wireless program. (WSJ)

Chrysler faces production problems in China as it tries to increase Jeep sales. (WSJ)

Microsoft Corp. (NASDAQ: MSFT) develops a home set-top box. (WSJ)

China auto sales rise 13% in April. (WSJ)

Google Inc.’s (NASDAQ: GOOG) YouTube launches several paid channels. (WSJ)

J.P. Morgan Chase & Co (NYSE: JPM) moves away from the California energy market as officials pressure trading practices. (WSJ)

The FCC may encourage airlines to offer faster broadband. (NYT)

Fannie Mae will pay $59 billion to the Treasury as it reimburses part of the support it got during the financial crisis. (FT)

Nissan’s profit improvement is the least among major Japanese car companies. (Bloomberg)