Media Digest: Reuters, WSJ, NYT, FT, Bloomberg
May 3, 2013 by Douglas A. McIntyre
A low-end version of the Nokia Corp. (NYSE: NOK) Lumia may be Microsoft Corp.’s (NASDAQ: MSFT) best opportunity to get share in the mobile sector. (Reuters)
The Consumer Financial Protection Bureau (CPFB) will investigate car lending companies over certain questionable practices. (Reuters)
Its property and casualty business pushes American International Group Inc. (NYSE: AIG) results higher. (Reuters)
Intel Corp. (NASDAQ: INTC) picks it chief operating officer to lead the company and disappoints investors who want change to move the firm beyond PCs. (Reuters)
CEO Ivan Glasenberg of the newly merged Glencore Xstrata says layoffs are critical to his plans. (WSJ)
Verizon Communication Inc.’s (NYSE: VZ) chief executive officer says Verizon Wireless may not pay its annual dividend to Verizon or Vodafone Group PLC (NASDAQ: VOD) in the hope Vodafone will sell its shares. (WSJ)
The Reserve Bank of India cuts its rate to 7.25%. (WSJ)
Barnes & Noble Inc.’s (NYSE: BKS) Nook will start to run Google Inc. (NASDAQ: GOOG) apps. (WSJ)
Shares of LinkedIn Corp. (NYSE: LNKD) fall on a weak outlook. (WSJ)
European Central Bank President Mario Draghi says the bank may decide to ease more after it cut its key rate to 0.5%. (WSJ)
The average home price in 100 of China’s largest cities moved up by the higher rate in a year-and-a-half. (WSJ)
International Business Machines Corp. (NYSE: IBM) discussions with Lenovo about selling its server division fail. (WSJ)
Market share improvement in North America, Asia and Europe push General Motors Co. (NYSE: GM) shares higher. (WSJ)
A slew of regulatory issues badly damage J.P. Morgan & Co.’s (NYSE: JPM) role as the premier bank in the United States. (NYT)
Michael Bloomberg’s positive comments about the Financial Times cause more speculation he might buy it. (NYT)
Commercial mortgage trading by Fannie Mae and Freddie Mac comes under scrutiny. (FT)
Siemens A.G. (NYSE: SI) cuts its forecast, which may pressure its CEO to leave. (Bloomberg)
Shoe company Adidas posts record profits. (Bloomberg)
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