Media Digest (4/6/2012) Reuters, WSJ, NYT, FT, Bloomberg

Media

Published: April 6, 2012 5:54 am

Last Updated: April 6, 2012 6:09 am

A federal judge approves a $25 billion mortgage misconduct settlement between the federal and several state governments and Bank of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC), JP Morgan (NYSE: JPM), and Ally. (Reuters)

Facebook will list on the Nasdaq. (WSJ)

Samsung expects a record first quarter, based to some extent on it mobile product business. (Reuters)

Yahoo! (NASDAQ: YHOO) will announce its reorganization next Tuesday. (Reuters)

PetroChina (NYSE: PTR) is in talks with Royal Dutch Shell (NYSE: RDS-A) and Hess (NYSE: HES) about shale oil exploration. (Reuters)

Microsoft (NASDAQ: MSFT) presses developers to make apps for its Windows Mobile OS. (WSJ)

Delta Air Lines (NYSE: DAL) may buy an idled ConocoPhillips (NYSE: COP) refinery to hedge jet fuel costs. (WSJ)

Alcoa (NYSE: AA) to cut aluminum production. (WSJ)

Viacom (NASDAQ: VIA) starts another copyright suit against Google’s (NASDAQ: GOOG) YouTube. (WSJ)

JCPenney (NYSE: JCP) cuts staff at its headquarters. (WSJ)

General Motors (NYSE: GM) and Toyota (NYSE: TM) post modest car sales in China in March. (WSJ)

Ford (NYSE: F) to invest in a new $600 million facility in China. (WSJ)

Many retailers report better-than-expected March sales. (NYT)

Spanish bond yields still test multimonth highs. (FT)

Apple (NASDAQ: AAPL) mounts a defense of its e-book pricing. (Bloomberg)

Research In Motion (NASDAQ: RIMM) loses more workers as it adjusts its strategy. (Bloomberg)

Douglas A. McIntyre

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