Media Digest (3/2/2012) Reuters, WSJ, FT, Bloomberg

The Department of Justice is expected to widen its probe of mortgage-backed securities. (Reuters)

AT&T (NYSE: T) sets new standards that will impose penalties on those who download large amounts of data to wireless devices. (Reuters)

Western sanctions begin to hurt Iran’s oil export business. (Reuters)

Two companies will use Twitter data to sell marketers’ ads on the service. (Reuters)

Facebook to expand its credit line by $2.5 billion to cover taxes of some employees due to its IPO. (Reuters)

Walmart (NYSE: WMT), Target (NYSE: TGT) and other large retailers will establish a service to take advantage of mobile payment devices. (WSJ)

Eurozone ministers will wait to release bailout funds until they see implementation of Greek austerity measures. (WSJ)

Germany’s retail sales fall in January. (WSJ)

Yelp’s price is above its IPO range. (WSJ)

Sumner Redstone, Viacom’s (NASDAQ: VIAB) chairman, may miss its annual meeting. (WSJ)

Toyota’s (NYSE: TM) sales in China rise sharply in February. (WSJ)

Some members of Congress resist postal offices closures as the USPS tries to cut costs. (WSJ)

The eurozone’s unemployment rate reaches a 15-year high. (WSJ)

GM (NYSE: GM), Ford (NYSE: F) and Chrysler all post February sales gains. (WSJ)

A decision to approve an anticlotting drug from Bristol-Myers Squibb (NYSE: BMY) and Pfizer (NYSE: PFE) is delayed until later in the year as experts review its effects. (WSJ)

Chevron (NYSE: CVX) will try to drill in the area north of Russia, if it can get government approval. (WSJ)

Rumors of a Saudi oil pipe break drive oil above $110. (WSJ)

Goldman Sachs (NYSE: GS) will buy Ariel Reinsurance as it attempts to diversify. (WSJ)

Despite the ruling of a key body, Greek credit default swaps could still be triggered by a default. (WSJ)

Crude hits its highest level since records set in 2008. (FT)

Google’s (NASDAQ: GOOG) new privacy policy upsets European Comission regulators. (FT)

EU leaders will speed money to a permanent bailout fund meant to calm international capital markets. (Bloomberg)

Douglas A. McIntyre