Media

Media Digest (3/22/2012) Reuters, WSJ, NYT, FT, Bloomberg

Goldman Sachs (NYSE: GS) tries to end a legal case concerning fraud in its CDO sales. (Reuters)

China’s factory activity slows, as evidenced by the HSBC flash PMI of 48.1, a low reading. (Reuters)

A Brazilian court brings charges against Chevron (NYSE: CVS) and Transocean (NYSE: RIG) over an oil spill. (Reuters)

The inspector general at the Federal Housing Finance Agency finds fault with Fannie Mae and Freddie Mac for spending lavishly on an industry conference. (Reuters)

Royal Dutch Shell (NYSE: RDS-A) receives permission to drill for shale gas in China. (Reuters)

The Joint Committee on Taxation says the so-called Buffett bill would not raise as much money as anticipated as the rich would often find ways around the levy. (WSJ)

Deutsche Bank (NYSE: DB) changes the structure of its U.S. operation to skirt Dodd-Frank rules. (WSJ)

Hartford Financial (NYSE: HIG) to leave the annuity business. (WSJ)

Jim Skinner, CEO of McDonald’s (NYSE: MCD), to retire. (WSJ)

The U.S. is running out of storage facilities for natural gas. (WSJ)

Gary Pruitt, CEO of McClatchy (NYSE: MNI), will become the CEO of the Associated Press. (WSJ)

Verizon (NYSE: VZ) and Comcast (NASDAQ: CMCSA) defend the right of telecoms to buy spectrum from cable companies. (WSJ)

Microsoft (NASDAQ: MSFT) says China still blocks sales of some of its products, including versions of its Xbox. (WSJ)

The Consumer Financial Protection Bureau says student loans now total more than $1 trillion. (WSJ)

German politicians intend to balance its budget in two years. (WSJ)

Watson Pharmaceuticals (NYSE: WPI) will buy Actavis for $5.9 billion in a consolidation of the generics industry. (WSJ)

Morgan Stanley (NYSE: MS) and Citigroup (NYSE: C) may speed plans for the brokerage to take over Morgan Stanley Smith Barney. (WSJ)

Bernanke and Geithner praise the financial progress of Europe in testimony before Congress. (NYT)

Homebuilder stocks reach a two-year high as it appears the housing market may have stabilized. (NYT)

Alaska will support a $40 billion gas line project to transport liquid natural gas. (FT)

Jaguar may invest $3 billion in Chinese car company Chery. (Bloomberg)

The head of airline Emirates says more airlines will falter because of fuel prices. (Bloomberg)

Japan posts a trade surplus. (Bloomberg)

Douglas A. McIntyre