Media

Media Digest (4/13/2012) Reuters, WSJ, NYT, FT, Bloomberg

Google (NASDAQ: GOOG) splits its stock in a way that will help its founders keep control, and the company also announces strong earnings. (Reuters)

China’s GDP reaches a three-year low. (Reuters)

Bank of America (NYSE: BAC) will sell a large group of foreclosed homes. (Reuters)

Bank of America’s CEO, Brian Moynihan, will have to testify in a lawsuit brought by MBIA (NYSE: MBI). (Reuters)

Microsoft (NASDAQ: MSFT) makes progress in adding cloud computing customers. (Reuters)

China’s growth rate drops to 8.1%. (WSJ)

Strong oil reserves worldwide make it less likely the Iran sanctions will lift crude prices higher. (WSJ)

Former Best Buy (NYSE: BBY) CEO Brian Dunn may have had a relationship with a female employee. (WSJ)

Kinder Morgan Energy Partners (NYSE: KMP) will put $5 billion into its mountain pipeline to move oil to Canada’s west coast; the oil will be sold to Asia. (WSJ)

BrightSource Energy withdraws its IPO, another example of problems in the solar industry. (NYT)

The Consumer Financial Protection Bureau will not block deals for credit card companies to charge upfront fees. (NYT)

The European Union wants programs to limit banker bonuses. (FT)

The European Central Bank says it would prefer to buy bonds to support the region over making loans to banks. (Bloomberg)

Apple (NASDAQ: AAPL) denies the Justice Department’s accusation that it colluded with book companies to set e-book prices. (Bloomberg)

Illumina (NASDAQ: ILMN) shares fall on fear Roche will withdraw a bid to buy the firm. (Bloomberg)

The U.S. Geological Survey says some earthquakes probably are tied to fracking. (Bloomberg)

The maker of Angry Birds is in talks with Baidu (NASDAQ: BIDU) to enter China. (Bloomberg)

Douglas A. McIntyre

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