Media Digest (5/24/2012) Reuters, WSJ, NYT, FT, Bloomberg

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Many members of the EU want Greece to remain a member but have begun to prepare for its departure. (Reuters)

Hewlett-Packard (NYSE: HPQ) posts better-than-expected earnings and says it will fire 27,000 people. (Reuters)

Oracle (NASDAQ: ORCL) loses an important ruling in an intellectual property suit against Google (NASDAQ: GOOG). (Reuters)

Shareholders sue Facebook (NASDAQ: FB) because of trouble with its IPO. (Reuters)

Facebook may move to the NYSE (NYSE: NYX). (Reuters)

Some large investors receive warnings from analysts that projections of Facebook’s earnings have come down. (WSJ)

Chesapeake Energy (NYSE: CHK) increases drilling on the Utica Shale in Ohio. (WSJ)

Sony (NYSE: SNE) will sell part of its LCD business to Sharp. (WSJ)

The head of sales at Research In Motion (NASDAQ: RIMM) departs. (WSJ)

Yields on German bonds fall to all-time lows as capital moves to safety. (WSJ)

General Electric (NYSE: GE) says its industrial profit margin will rise in 2013. (WSJ)

Oil falls below $90 for the first time since October. (WSJ)

Royal Dutch Shell (NYSE: RDS-A) will begin to drill in far north areas of Alaska. (NYT)

Martha Stewart will once again become chairperson of Martha Stewart Living Omnimedia (NYSE: MSO). (NYT)

A deal for financial coordination among EU nations will be put off until a June meeting. (FT)

Shale gas helps the U.S. lower emissions. (FT)

Large companies turn over CEOs less than in the downturn, according to Booz & Company. (FT)

BMW will triple its output in China. (Bloomberg)

Detroit turns off street lights to save money. (Bloomberg)

Douglas A.McIntyre

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