Media Digest (5/3/2012) Reuters, WSJ, FT, Bloomberg

Douglas A. McIntyre

The European Central Bank will not act to help growth in the region, but it will seek solutions to Spain’s problems. (Reuters)

Nokia (NYSE: NOK) promises to build new handsets to stimulate demand. (Reuters)

Results in Asia help BMW earnings. (Reuters)

Oracle (NASDAQ: ORCL) balks at a settlement with Hewlett-Packard (NYSE: HPQ) as they wrangle over which company holds IP to an important chip. (Reuters)

The shale boom causes an increase in the burning of environmentally harmful waste gas. (Reuters)

China, Japan and South Korea will increase investments among themselves in the bonds of the other nations. (Reuters) (NASDAQ: AMZN) to create original video programs for its movie service. (Reuters)

Natural gas drilling has dropped, which may push prices higher. (WSJ)

Carlyle cuts the price of its initial public offering. (WSJ)

Hawker Beechcraft may file for Chapter 11. (WSJ)

The judge in a suit against BP (NYSE: BP) says that a trial will continue as the UK settles claims for the Gulf spill. (WSJ)

The head of AT&T (NYSE: T) says the government’s failure to allow a deal with T-Mobile will cost customers money. (WSJ)

India to further cut oil imports from Iran. (WSJ)

Wynn (NASDAQ: WYNN) receives permission to build a new casino in Macau, but many of its competitors have already started to build. (WSJ)

Green Mountain Coffee Roasters (NASDAQ: GMCR) shares are hit by poor earnings. (WSJ)

Time Warner’s (NYSE: TWX) CNN losses audience as the viewership of MSNBC and Fox grows. (WSJ)

Research In Motion (NASDAQ: RIMM) launches several models of its new BlackBerry as the company presses for a turnaround. (WSJ)

EU finance ministers do not reach agreement on new bank capital rules. (WSJ)

Canada’s pipeline companies to shift the flow of oil to the east coast. (WSJ)

Target (NYSE: TGT) will stop selling the Amazon Kindle. (FT)

Shares of Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A) are running behind the S&P for the third year in a row. (Bloomberg)

One key to Samsung’s successful competition with Apple (NASDAQ: AAPL) in the smartphone race is products with different screen sizes. (Bloomberg)

Douglas A. McIntyre