Media Digest (3/8/2013) Reuters, WSJ, NY Times, FT, Bloomberg
March 8, 2013 by Douglas A. McIntyre
The Motorola division of Google Inc. (NASDAQ: GOOG) will cut 1,200 jobs. (Reuters)
The head of the Chesapeake Energy Corp. (NYSE: CHK) audit committee of its board steps down as the government continues to investigate management. (Reuters)
Facebook Inc.’s (NASDAQ: FB) redesign puts more focus on photos and is meant to help its ad sales. (Reuters)
Carl Icahn tells Dell Inc. (NASDAQ: DELL) it must pay out $9 billion to investors or he will battle to kill the buyout plans. (Reuters)
Chrysler may have an IPO in the next year. (Reuters)
S&P 500 companies will return $300 billion to investors this year. (WSJ)
China’s exports are higher than expected in February, a sign of a recovery in the global economy. (WSJ)
Early indications suggest that Japan’s economy is beginning to recover in the current quarter. (WSJ)
Nike Inc. (NYSE: NKE) loses ground to Adidas in China. (WSJ)
Fed stress tests of major banks, which show how they would weather a difficult financial period, showed only one failure — Ally Financial. (WSJ)
Verizon Communications Inc. (NYSE: VZ) may be ready to buy out the position that Vodafone Group PLC (NASDAQ: VOD) has in Verizon Wireless. (WSJ)
The National Transportation Safety Board releases additional data on the Boeing Co. (NYSE: BA) 787 battery problems but offers no solutions. (NYT)
The CEO of Barclays PLC (NYSE: BCS) says he may eventually cut as much as 30% of the bank’s jobs. (FT)
Big U.S. companies held $183 billion in untaxed funds offshore last year. (Bloomberg)
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