Media Digest 4/30/2008 Reuters, WSJ, NYTime, FT, Bloomberg

According to Reuters, the Fed will probably cut rates and them pause for some time

Reuters writes that senior financiers see the current economic situation as a recession on Main Street and  depression on Wall St.

Reuters writes that Microsoft (MSFT) may spend as much as $1.5 billion to retain Yahoo! (YHOO) employees.

Reuters wrtes that Rockefeller family members are pushing for governance changes at Exxon (XOM).

The Wall Street Journal writes that an investigation of Countrywide (CFC) is turning up information showing sale people overlooked inflated income from borrowers.

The Wall Street Journal reports that Iraq may have a $70 billion wind-fall from higher oil prices.

The Wall Street Journal writes that Starbucks (SBUX) will unveil two new drink lines.

The Wall Street Journal reports that Citigroup (C) will sell $3 billion in new stock.

The Wall Stree Journal writes that GM (GM) now faces more obstacles than Ford (F) does.

The New York Times writes that farmers are facing a shortage in fertilizer

The FT writes that one senior bank regulator says the US should fight the housing crisis by using low-cost government loans to help borrowers pay down unaffordable mortgages.

The FT reports that the Treasury is seeking broader powers for the Fed.

The FT reports that Dubai has warned the EU over restricting investments by sovereign funds.

Bloomberg reports that Siemens (SI) profits dropped 68%.

Douglas A. McIntyre