Media Digest 12/18/2007 Reuters, WSJ, NYTImes, FT, Barron's

According to Reuters, December home builder sentiment hit a new low.

Reuters writes that PC chip makers may have hit a bottom and hope for a recovery in the first half of next year.

Reuters writes that a new Goldman Sachs (GS) hedge fund will open for business with over $6 billion.

The Wall Street Journal writes the ECB guaranteed it will supply euro-zone financial institutions unlimited two-week funds at a fixed rate.

The Wall Street Journal reports that Apple (AAPL) has been meeting with Docomo (DCM) and Softbank and launching the iPhone in Japan.

The Wall Street Journal writes that XM Satellite (XMSR) and Universal Music have settled a copyright infringement suit.

The Wall Street Journal writes that Adobe (ADBE) earnings topped forecasts

The Wall Street Journal writes that Qwest (Q) will upgrade a significant part of its network to fiber to increase connection speeds.

The New York Times reports that Congress may give substantial incentives to ethanol companies to increase the rate at which the industry is growing.

The FT writes that Loews will spin off Lorillard.

Barrons’ reports that Micron (MU) fell because of concern about falling DRAM pricing.

Bloomberg writes that the world economy is facing the risk of both recession and faster inflation.

Douglas A. McIntyre