Media Digest (4/16/2012) Reuters, WSJ, NYT, FT

Concerns about Spain and Italy renew capital markets’ rejection of area debt. (Reuters)

Best Buy (NYSE: BBY) will have to bring in an outsider to change the company’s old philosophy. (Reuters)

The Treasury lauds China’s plan to widen the yuan’s trading range. (Reuters)

Sergey Brin of Google (NASDAQ: GOOG) says the openness of the Internet is under pressure. (Reuters)

Carlyle will try to raise $763 million from its IPO. (Reuters)

The case between Oracle (NASDAQ: ORCL) and Google over whether Android violates Java patents is about to begin. (WSJ)

Chinese companies increase buyouts of Japanese firms. (WSJ)

European Central Bank official Jörg Asmussen says nations need to put more money into the International Monetary Fund to help stop the European crisis. (WSJ)

Moody’s (NYSE: MCO) may cut ratings of 114 banks in 16 European nations. (WSJ)

Groupon (NASDAQ: GRPN) replaces the head of it international operations. (WSJ)

China’s change in international trading ranges for daily trading is a move to make it a reserve currency. (WSJ)

Housing concerns in the United States and abroad continue to dog the recovery. (WSJ)

Merck (NYSE: MRK) will press for improved manufacturing of its shingles vaccine Zostavax. (WSJ)

Renault keeps share in Europe with low-cost cars. (WSJ)

Gold bulls begin to desert the metal. (WSJ)

New York’s public pension funds successfully press Goldman Sachs (NYSE: GS) and MetLife (NYSE: MET) to disclose data about racial and gender demographics of some of their staffs. (NYT)

Wall St. firms challenge Fed plans to limit their exposure on individual companies and government securities — Bank of America (NYSE: BAC), Citigroup (NYSE: C), Goldman Sachs, JP Morgan Chase (NYSE: JPM) and Morgan Stanley (NYSE: MS) say it will cut credit commitments of over $1.2 trillion. (FT)

Douglas A. McIntyre