Media Digest (4/8/2011) Reuters, WSJ, NYT, FT, Bloomberg

The members of the Federal Reserve are more divided about what steps the central bank should take next to mute inflation and help the expansion. (Reuters)

Americans are telling the Fed that inflation is getting too high. (Reuters)

The IMF said it may want to turn to the capital markets to raise money if it were needed quickly. (Reuters)

The World Bank said violence in Central America could hurt growth. (Reuters)

Facebook will work with Hewlett-Packard (NYSE: HPQ), Dell (NASDAQ: DELL), AMD (NYSE: AMD), and Intel (NYSE: INTC) to create more efficient hardware to run internet applications. (Reuters)

The FCC set up rules to allow cellular subscribers to use other networks when their own are not available. (Reuters)

Goldman Sachs Group (NYSE: GS) made $900 million in Taikang Life Insurance in China. (Reuters)

Federal regulators may make it easier to trade shares in private companies which would make it easier for start-ups to raise money. (WSJ)

The ECB increase in interest rates may signal the end to a period of easy money. (WSJ)

Municipal bond sales have become more aggressive as the market has turned against the paper. (WSJ)

Lawyers continue to fight over the assets of Blockbuster. (WSJ)

Walt Disney (NYSE: DIS) began to build its theme park in Shanghai (WSJ)

Google (NASDAQ: GOOG) defended its restrictions for developers of its Android OS. (WSJ)

The New York Times (NYSE: NYT) will invest in its About.com search business. (WSJ)

Oil rose above $110 for the first time in tw0-and-a-half years. (WSJ)

Portugal may need $129 billion from the EU and IMF. (WSJ)

Google and the government are close to a deal that would allow the search engine to buy ITA Software. (WSJ)

Debt issued by Spain held its own as Portugal’s troubles grew. (WSJ)

Chevron (NYSE: CVX) may begin to drill in Texas again as oil prices rise. (WSJ)

Expedia (NASDAQ: EXPE) will spin out TripAdvisor in a deal which could value the asset at $4 billion. (WSJ)

Hercules Offshore may be probed for bribery. (WSJ)

ESPN launched a mobile TV app. (WSJ)

The Justice Department wants HSBC to reveal the names of US customers who may have tax issues. (WSJ)

The USDA may cut the number of crop reports that it issues. (WSJ)

The market value of Nokia (NYSE: NOK) dropped below that of Asia handset company HTC. (WSJ)

Big box retailers are pushing more merchandise into current space to satisfy demand. (NYT)

A shutdown of the US government would have a huge impact on businesses. (NYT)

Fights between politicians in Portugal may make a bailout more difficult. (NYT)

UK regulators may split the deposit-taking and trading functions at banks. (NYT)

Time Warner Cable (NYSE: TWC) and Viacom (NYSE: VIA) are each in court over the issue of live streaming of programming through apps. (NYT)

The compensation package of Jamie Dimon of JP Morgan (NYSE: JPM) rose 51% to $23 million. (FT)

Inflation worries drop silver above $40 (FT)

Douglas A. McIntyre