Media

Media Digest (6/5/2012) Reuters, WSJ, NYT, FT

The G7 will hold emergency talks about the eurozone, with special consideration of Spain. (Reuters)

A Reuters/Ipsos poll shows that few Facebook users buy goods and services because of advertising and “likes,” and many users were spending less time on the site. (Reuters)

Hewlett-Packard (NYSE: HPQ) says Oracle (NASDAQ: ORCL) violated a software develop contract; HP sues for billions of dollars. (Reuters)

Apple (NASDAQ: AAPL) hits a delay in attempts to keep Samsung tablets out of the U.S. (Reuters)

Google (NASDAQ: GOOG) will buy social media company Meebo. (Reuters)

Apple will no longer use Google Maps on the iPad and iPhone as it releases its own map product. (WSJ)

Germany wants the European Union to regulate the largest banks in the region. (WSJ)

A new Chesapeake Energy (NYSE: CHK) board will curtail the actions of the firm’s chief executive. (WSJ)

The American Public Transportation Association says cities are cutting transportation systems. (WSJ)

India may cut rates to stimulate its economy. (WSJ)

A number of Walmart (NYSE: WMT) shareholders vote against the nomination of several directors, including CEO Michael Duke. (WSJ)

Salesforce.com (NYSE: CRM) will buy social media firm Buddy Media. (WSJ)

Walt Disney (NYSE: DIS) will limit advertisers of junk foods from marketing on its media properties. (NYT)

More companies warn about earnings because of slow sales in Europe. (NYT)

Lower oil prices probably help U.S. consumers. (FT)

Portugal will put 6.6 billion euros into its troubled large banks. (FT)

Douglas A. McIntyre

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.