Financial News Digest: Reuters, WSJ, NYT, FT, Bloomberg

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Volkswagen may have a compensation agreement with 100,000 workers. (Reuters)

The European Union asks telecom companies about Apple Inc.'s (NASDAQ: AAPL) competitive actions against other smartphone companies. (Reuters)

Hon Hai and Mozilla will release a mobile device based on their browser. (Reuters)

EU-based energy companies are changing from facilities that use coal to those that use wood, some of which comes from the United States. (WSJ)

The ability of the United States to produce more oil causes fighting among OPEC members. (WSJ)

EU banks begin to use reserves for lending, which is a sign the financial crisis effects slowly may be falling away. (WSJ)

Lower commodities prices help American company earnings. (WSJ)

Buzzfeed, Google Inc.'s (NASDAQ: GOOG) YouTube and Time Warner Inc.'s (NYSE: TWX) CNN will create a new video channel. (WSJ)

The rapid rise in compensation for China's migrant workers cools. (WSJ)

Hon Hai, which owns Foxconn, will build its own consumer electronics products as Apple's slowing appetite for its parts hurts sales. (WSJ)

Sony Corp.'s (NYSE: SNE) problem with consumer product sales may drive it further into the insurance sales business. (NYT)

Bausch & Lomb sells itself to Valeant Pharmaceuticals International Inc. (NYSE: VRX) for $8.7 billion. (NYT)

Germany will not support EU sanctions on solar products from China. (FT)

Private investors raise their bets on U.S. biotech firms. (FT)

American investors increase commitments to balanced funds that can invest in equity or bonds. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, GOOG, SNE, TWX, VRX