Media Digest (5/2/2011) Reuters, WSJ, NYT, FT, Bloomberg

The death of Osama bin Laden raised US futures and the dollar and pushed crude oil lower. (Reuters)

The US helped cut the amount of oil China imported from Iran to punish the ruling government in the Middle East nation. (Reuters)

Sony (NYSE: SNE) faces an uphill fight to get back trust from users of the PlayStation network. (Reuters)

The market for handsets in the first quarter was pulled higher by smartphone sales. (Reuters)

Warner Music Group (NYSE: WMG) may be sold for $3 billion soon. (Reuters)

The Danisco board recommended that company accept a $6.64 billion buyout from DuPont. (NYSE: DD) (Reuters)

Chrysler gave details of its refinance plans. (Reuters)

The rapid growth of Facebook makes an IPO in 2012 more likely. (WSJ)

The prices of many commodities which spiked up last year have fallen sharply. (WSJ)

Warren Buffett used the Berkshire Hathaway annual meeting to control damage from the David Sokol inside trading scandal. (WSJ)

Google (NASDAQ: GOOG) said location data was very valuable to the search company’s future according to released e-mails. (WSJ)

An improvement in the financial position of banks has caused more dividend increases. (WSJ)

The addition of new jobs has not followed a sharp increase in corporate profits. (WSJ)

Samsung profits fell 30%. (WSJ)

A bipartisan group of six senators is close to a budget recommendation to take to Congress. (WSJ)

The new head of Pfizer (NYSE: PFE) will make the company more efficient as its reliance on Lipitor falls. (WSJ)

Time Warner’s (NYSE: TWC) Time Inc. has reached a deal with Apple (NASDAQ: AAPL) to allow print subscribers to access apps for free. (WSJ)

New data shows that as base compensation of workers rises, more focus will be put on the control of benefits. (WSJ)

A slowing growth of the US economy has pushed investors into Treasuries although rates should be pressured up by the financing of the deficit. (WSJ)

Sugar prices have been moving higher because of import limits and less US production. (WSJ)

A large number of Japanese factories have moved back into production. (WSJ)

The old manufacturing states like Michigan have been at the lead in a manufacturing rebound. (FT)

An EU investigation of credit default swaps could hurt bank margins. (Bloomberg)

The Nasdaq has increased scrutiny of reverse mergers as the SEC investigates the practice. (Bloomberg)

Douglas A. McIntyre