Media Digest (3/26/2012) Reuters, WSJ, FT, Bloomberg

Microsoft (NASDAQ: MSFT) struggles with its Windows Mobile OS as app developers have been slow to adopt it. (Reuters)

Smugglers find it more difficult to make money on Apple (NASDAQ: AAPL) products in China as the company widens its own distribution. (Reuters)

The Federal Housing Finance Agency is pressed for reductions in home loan values to save banks from massive write-downs. (Reuters)

Roche extends its offer for Illumina (NASDAQ: ILMN) until the end of next month. (Reuters)

Antitrust officials say they will not allow e-book distributors to make agreements with rivals. (WSJ)

A new study shows CEO pay moderated last year. (WSJ)

Yahoo! (NASDAQ: YHOO) adds three more new board members. (WSJ)

Opel says it may close some plants. (WSJ)

The Obama health care law moves to the Supreme Court for judgment about its constitutionality. (WSJ)

The long-term unemployed get no help from a new increase in hiring. (WSJ)

The Bank of Japan, European Central Bank and Bank for International Settlements warn about a number of problems with a long-term commitment to easy money. (WSJ)

Cutbacks in water supply will hurt California farmers. (WSJ)

The American Chamber of Commerce in China reports that U.S. companies are worried about the slowdown there. (WSJ)

Large cable networks face sharp drops in ratings this year. (WSJ)

As many as 10 IPOs will come to market this week. (WSJ)

German Chancellor Angela Merkel will allow the eurozone bailout fund to grow to a size greater than she has supported in the past. (FT)

A report by consultancy Oliver Wyman says global investment banks will cut their balance sheets by another $1 trillion over the next two years. (FT)

Italy’s Prime Minister Mario Monti says trouble in Spain could create another eurozone credit crisis. (Bloomberg)

Douglas A. McIntyre