Media Digest (4/13/2011) Reuters, WSJ, NYT, FT, Bloomberg

The Fed’s exit from QE2 may involve rate increases (Reuters)

Deutsche Bank will restructure its US bank business to avoid regulation (WSJ)

Google’s (NASDAQ: GOOG) new CEO will be carefully watched as the search firm report earnings (Reuters)

The FCC says that some TV airwaves may be converted to broadband wireless use (Reuters)

Cisco (NASDAQ: CSCO) closed its Flip division as it begins to restructure (Reuters)

Schneider held merger talks with Tyco (Reuters)

The head of the FCC said that mergers will not solve the lack of wireless broadband spectrum (Reuters)

Companies that will have their hedging of commodities limited are concerned that the move will increase their costs (WSJ)

TBP (NYSE: BP) will continue to try to save its drilling venture in Russia, perhaps by selling its half of the TNK-BP venture (WSJ)

Chrysler will begin to sell Fiat auto parts (WSJ)

The Japanese government said that its economic recovery has been hampered by the earthquake (WSJ)

A new suit over the ownership of Facebook was filed in federal court (WSJ)

Toyota Motor (NYSE: TM) cut some of its output in Europe (WSJ)

Rail shipment problems have hurt the distribution of new cars to dealers (WSJ)

American Express (NYSE: AXP) is at work expanding its business to use mobile phones to make payments (WSJ)

Smartphone companies have begun to sell services that feature their own video content (WSJ)

Republicans were able to get cuts in the EPA budget as part of the spending compromise (WSJ)

An  Organization for Economic Cooperation and Development show men from Asia and southern Europe are the least likely to accept menial tasks (WSJ)

Tata says the bureaucracy in its home nation India has hurt its operations there (WSJ)

Congress may create a bill of right to limit the collection of personal data (WSJ)

Novartis and Pfizer  (NYSE: PFE) got approval to move head with new drugs for pancreatic cancer (WSJ)

Nokia (NYSE: NOK) will launch new Symbian based handsets (WSJ)

Tencent and Intel (NASDAQ: INTC) will open a new tablet development joint venture (WSJ)

Allianz wants the EU to create a bond insurance facility (WSJ)

Ford (NYSE: F) will restructure some of its asset backed bonds in the hope that its credit rating will improve (WSJ)

AT&T (NYSE: T) cannot demonstrate “synergy” in its buyout of T-Mobile if its past M&A deals are an indication (WSJ)

Morgan Stanley’s (NYSE: MS) new CEO has been slow to produce improved results (NYT)

Soil erosion has begun to hurt more farm land (NYT)

David Sokol, formerly of Berkshire Hathaway (NYSE: BRK.B) may have know more than previously suspected about the conglomerate’s buy out of Lubrizol (NYT)

The IMF says the US has little credibility on efforts to rein in the deficit (FT)

Chinese companies have sharply increased their overseas capital markets bond offerings (FT)

US financial firms have won some concessions on derivatives regulation (FT)

Movie theaters are opposing efforts to put first run movies onto TV through VOD services (FT)

Sweden may post a surplus this year (Bloomberg)

Stress tests of Europe’s banks will look at their exposure to sovereign debt (Bloomberg)

EA (NASDAQ: ERTS) said it new Tiger Woods video game set records for sales (Bloomberg)

Douglas A. McIntyre