Media Digest (4/11/2012) Reuters, WSJ, NYT, FT, Bloomberg
April 11, 2012 by Douglas A. McIntyre
Spain’s industrial production falls 5.1% on an annual basis in February. (MarketWatch)
U.S. brokerage firms pay increasingly higher bonuses to get top producers. (Reuters)
Alcoa (NYSE: AA) has a surprising first-quarter profit. (Reuters)
Travelzoo (NASDAQ: TZOO) may put itself up for sale. (Reuters)
The Department of Justice will sue Apple (NASDAQ: AAPL) over the way it helps price e-books. (Reuters)
Shareholder Starboard tells AOL (NYSE: AOL) that it will continue its proxy fight despite the company’s sale of patents. (Reuters)
Carlyle will try to get an $8 billion valuation as it goes public. (Reuters)
Best Buy’s (NYSE: BBY) CEO resigns because of a board investigation into his “personal conduct.” (WSJ)
Fears of financial problems in Spain push down global markets. (WSJ)
Retailers cannot stop buyers from looking at merchandise in stores and then buying online. (WSJ)
SAP (NYSE: SAP) makes a large investment in its efforts to compete with Oracle (NASDAQ: ORCL). (WSJ)
American International Group (NYSE: AIG) will return to the property investing business. (WSJ)
Fannie Mae and Freddie Mac could save $1.7 billion by writing down some loan balances, according to a regulator. (WSJ)
The Institute of Medicine suggests a new tax on medical care. (WSJ)
The National Federation of Independent Business says small businesses are less optimistic because of energy costs. (WSJ)
Officials in India express concerns about energy prices. (WSJ)
The International Monetary Fund will cut its forecasts of China’s current account surplus. (WSJ)
CareerCast says the most desired job last year was software engineer. (WSJ)
China’s oil imports reached 5.55 million barrels a day in March, up 8.7% from last year, according to the China’s General Administration of Customs. (WSJ)
The Federal Reserve may change the way it stress tests large banks. (WSJ)
The falling prices of real estate likely will hurt Chinese property investment firms. (WSJ)
Some economists believe that subsidies for U.S. service firms to do business overseas could sharply improve sales. (NYT)
Gross domestic product may improve, with wholesale inventories as a sign. (NYT)
U.S. states that have tried to change retirement benefits begin to face court actions. (FT)
Prime Minister Mariano Rajoy says his nation’s future may ride on its ability to bring down bond yields as it presents austerity plans. (Bloomberg)
The Journal of the American Medical Association says auto crashes rise before Tax Day. (Bloomberg)
Douglas A. McIntyre
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