Media Digest: Reuters, WSJ, NYT, FT, Bloomberg
May 17, 2013 by Douglas A. McIntyre
Foxconn, once one of Apple Inc.’s (NASDAQ: AAPL) largest suppliers, says it needs additional time to cut back worker overtime. (Reuters)
Dell Inc.’s (NASDAQ: DELL) profits fall, but that may not stop the fight over its future ownership. (Reuters)
Samsung runs out of some key parts for its smartphones and may have to turn to competitors for more inventory. (Reuters)
J.C. Penney Co. Inc.’s (NYSE: JCP) new CEO says it will take several quarters to salvage the company. (Reuters)
Dish Network Corp. (NASDAQ: DISH) will press the FCC to look at the Softbank bid for Sprint Nextel Corp. (NYSE: S). (Reuters)
EBay Inc. (NASDAQ: EBAY) could create apps for Google Inc.’s (NASDAQ: GOOG) Glass product. (Reuters)
Northrup Grumman Corp. (NYSE: NOC) will try to buy back 25% of its shares by 2015. (Reuters)
The Securities and Exchange Commission to charge Nasdaq OMX Group Inc. (NASDAQ: NDAQ) with a record fine for failing to keep track of trouble in its own markets. (WSJ)
The stock market is not hurt by an earnings season with many poor results. (WSJ)
Shareholders of J.P. Morgan Chase & Co. (NYSE: JPM) are sent a letter supporting Jamie Dimon’s attempt to remain as both chief executive officer and chairman. (WSJ)
Wages in China rise sharply in the past year. (WSJ)
Wal-Mart Stores Inc. (NYSE: WMT) says that consumers are “stretched” due to an uneven economy. (WSJ)
A new way to account for leases may increase the amount of debt some companies carry on their balance sheets. (WSJ)
Google says several companies, including CNN, Twitter and Facebook Inc. (NASDAQ: FB), have made apps for Google Glass. (NYT)
Citigroup Inc. (NYSE: C) traders will not longer use the chat feature on Bloomberg terminals as the scandal over journalist access to data grows. (FT)
U.S. farm land prices grow sharply despite weak demand for wheat. (FT)
Monthly car sales in Europe rise for the first time in 19 months, mostly on strength in Germany. (Bloomberg)
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