Media Digest: Reuters, WSJ, NYT, FT, Bloomerg

China's inflation rises more than expected in April, although factory prices drop. (Reuters)

High revenue at Groupon Inc. (NASDAQ: GRPN) sends shares up by double digits. (Reuters)

Tesla Motors Inc.'s (NASDAQ: TSLA) first-quarter numbers are better than expected. (Reuters)

Pegatron, an Apple Inc. (NASDAQ: AAPL) supplier, boosts its workforce by 40% for the current quarter. (Reuters)

Smartphone sales are critical to the recovery of Sony Corp. (NYSE: SNE). (Reuters)

Sony's profit is based on one-time sales of real estate and other assets. (WSJ)

Yields on junk bonds drop to near all-time lows. (WSJ)

McDonald's Corp. (NYSE: MCD) and Wendy's Co. (NASDAQ: WEN) begin a price war. (WSJ)

Coca-Cola Co. (NYSE: KO) launches more low-calorie drinks. (WSJ)

Activision Blizzard Inc. (NASDAQ: ATVI) says sales of World of Warcraft have slowed, which raises investor concerns. (WSJ)

Delta Air Lines Inc. (NYSE: DAL) announces a dividend and share buybacks - unusual in the struggling airline industry. (WSJ)

Costs to produce the Samsung Galaxy 4 will be helped by falling component prices. (WSJ)

J.P. Morgan Chase & Co. (NYSE: JPM) looks for directors with more risk management experience. (WSJ)

Groups opposed to the Keystone XL pipeline say President Obama must address other environmental problems if he approves its building. (NYT)

Vegetable prices cause much of China's inflation in the past month. (FT)

Microsoft Corp. (NASDAQ: MSFT) names its first female chief financial officer. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, ATVI, DAL, GRPN, JPM, KO, MCD, MSFT, SNE, TSLA, WEN