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

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Nissan's fiscal fourth-quarter profit rises 46%. (Reuters)

Carl Icahn and Southeastern will offer an alternative to the Dell Inc. (NASDAQ: DELL) buyout. (WSJ)

ArcelorMittal (NYSE: MT) earnings are hit by lower steel shipments. (WSJ) Inc. (NASDAQ: AMZN) may release a 3D smartphone. (WSJ)

The National Association of Realtors reports that home prices rose by the largest amount in seven years in the first quarter. (WSJ)

Poor weather hurts April retail sales. (WSJ)

AT&T Inc. (NYSE: T) starts a new prepaid wireless program. (WSJ)

Chrysler faces production problems in China as it tries to increase Jeep sales. (WSJ)

Microsoft Corp. (NASDAQ: MSFT) develops a home set-top box. (WSJ)

China auto sales rise 13% in April. (WSJ)

Google Inc.'s (NASDAQ: GOOG) YouTube launches several paid channels. (WSJ)

J.P. Morgan Chase & Co (NYSE: JPM) moves away from the California energy market as officials pressure trading practices. (WSJ)

The FCC may encourage airlines to offer faster broadband. (NYT)

Fannie Mae will pay $59 billion to the Treasury as it reimburses part of the support it got during the financial crisis. (FT)

Nissan's profit improvement is the least among major Japanese car companies. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AMZN, DELL, GOOG, JPM, MSFT, MT, T