Media Digest (4/2/2012) Reuters, WSJ, NYT, FT, Bloomberg

After a record first quarter, investors will look more carefully at financial data and earnings. (Reuters)

Wells Fargo (NYSE: WFC) to open a division to handle the ultra-rich. (Reuters)

Strong Chinese PMI helps calm concern that the nation’s economy has slowed too much. (Reuters)

The head of Foxconn, a major Apple (NASDAQ: AAPL) supplier, says the firm will raise wages and cut hours. (Reuters)

Hostess may try to kill its labor contracts. (WSJ)

EU banks still have weak balance sheets. (WSJ)

Global Payments (NYSE: GPN) says hackers stole data on more than 1.5 million people. (WSJ)

Sirius XM Radio (NASDAQ: SIRI) is trying to fend off an attempt by Liberty Media (NASDAQ: LMCA) to gain control. (WSJ)

China censors web commentary spread by Twitter-like sites. (WSJ)

Easter spending surges. (WSJ)

Starbucks (NASDAQ: SBUX) plans to triple its size in China over the next three years. (WSJ)

The Oprah Winfrey Network cuts a deal with Comcast (NASDAQ: CMCSA) to be carried in more homes. (WSJ)

Pensions that invested in stocks and bonds over the past five years have outperformed those that put money into risky ventures like private equity firms. (WSJ)

The number of working poor in Europe rises sharply. (NYT)

Some of Europe’s largest banks will return much of the cheap three-year funding they got from the European Central Bank. (FT)

American International Group (NYSE: AIG) may move back into the mortgage market. (FT)

EU leaders who have created a new bailout fund want a larger commitment from the International Monetary Fund. (Bloomberg)

The Organisation for Economic Co-operation and Development says Europe is the greatest threat to global economic expansion. (Bloomberg)

Douglas A. McIntyre