Media Digest 6/10/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Lehman (LEH) may have to merge due to its financial problems.

Reuters writes that Apple (AAPL) introduced its new 3G iPhone.

Reuters reports that the head of S&P says that the company’s structured finance business may be lost of years.

Reuters reports that Manpower see weak hiring in Q3.

Reuters writes that Steven Spielberg want to raise $ billion to make the company independent again.

Reuters writes that Bernanke is watchful on inflation caused by energy prices.

Reuters reports that GM (GM) will raise incentives on some of its SUVs and trucks.

Reuters writes that large investors are trying to kill a Yahoo! (YHOO) severance plan.

The Wall Street Journal say UBS (UBS) is expected to take more write-downs on mortgage-related securities.

The Wall Street Journal writes that Gannet (GCI) may write-off $3 billion in assets.

The Wall Street Journal writes that cable TV will put together a group to better target TV ads.

The Wall Street Journal writes that Washington Mutual (WM) shares hit an eighteen year low.

The Wall Street Journal writes that Hank Greenberg says changes need to be make in AIG (AIG) management and it board.

The Wall Street Journal reports that Sun (JAVA) lost its chief scientist to a venture capital firm.

The New York Time writes that Saudi Arabia called for an energy summit of producing and consumin nations.

The FT writes that many speculators were caught short as oil rose.

Bloomberg writes that storm damage to corn spread due to storms in the Mid-West.

Douglas A. McIntyre