Media Digest (6/3/2011) Reuters, WSJ, NYT, FT, Bloomberg

Employment is likely to be hurt by the weak economy. (Reuters)

Hackers attacked a new Sony (NYSE: SNE) network. (Reuters)

A Prada filing with the Hong Kong exchange showed $215 million in profits in the six months that ended in July. (Reuters)

Moody’s warned the US on its deficit and debt levels. (Reuters)

Groupon filed for an IPO and may raise $750 million. (Reuters)

The Treasury will sell its remaining shares in Chrysler to Fiat. (Reuters)

Mazda will end US production in two years and terminate its joint venture with Ford. (NYSE: F)

The government is examining the possibility of insider trading at the FDA. (WSJ)

A hack of Google’s (NASDAQ: GOOG) Gmail system targeted some White House employees. (WSJ)

The SEC began to examine auditors of a number of small publicly traded companies. (WSJ)

Moody’s warned on its ratings of Citigroup (NYSE: C), Wells Fargo (NYSE: WFC), and Bank of America (NYSE: BAC). (WSJ)

Chevron (NYSE: CVX) will increase its activity in the Gulf of Mexico. (WSJ)

Google’s Android-based phones are further undermining Nokia (NYSE: NOK) smartphone sales. (WSJ)

Unions have pressed to change an Ohio law which limits their power. (WSJ)

ECB President Jean-Claude Trichet suggested a common financial minister for the EU to solve some of its sovereign and bailout issues (WSJ)

China denied it was involved in a recent cyber-attack on Google’s Gmail. (WSJ)

Starbucks (NASDAQ: SBUX) hurried its move into China. (WSJ)

Electronic Arts (NASDAQ: ERTS) will step up its activity online. (WSJ)

Goldman Sachs Group (NYSE: GS) received a civil subpoena based on a Senate investigation of it actions during the credit crisis. (WSJ)

Groupon’s IPO would value the company at $30 billion. (NYT)

Walmart (NYSE: WMT) will test whether it can increase sales with smaller stores. (NYT)

News Corp (NYSE: NWS) may soon take control of BSkyB. (FT)

The EU and IMF said they are about to finish the review of Greece’s plan to sell assets and cut expenses in the amount of $113 billion. The plan may cause a new bailout for the country. (Bloomberg)

Apple (NASDAQ: AAPL) finished new deal with music companies to launch its streaming music service. (Bloomberg)

Zynga is close to an IPO (Bloomberg)

Oil was near $100 before the US jobs report (Bloomberg)

Douglas A. McIntyre