Media Digest 12/6/2007 Reuters, WSJ, NYTimes, FT, Barron's

According to Reuters, the former head of UnitedHealth gave up $400 million in stock options to settle chages with the SEC and the company.

Reuters writes that the head of Rio Tinto (RTP) say a bid to takeover the company by BHP Billiton (BHP) is dead.

Reuters reports that James Murdoch will take over News Corp (NWS) operations in Europe and Asia.

Reuters reports that the head of JP Morgan (JPM) is predicting a wave of bank mergers.

Reuters reports that PC company Acer gave an up–beat assessment of its PC sales prospects.

The Wall Street Journal writes that the head of Dow Jones (DJ) and The Wall Street Journal are leaving and will be replaced by senior News Corp executives.

The Wall Street Journal said that the Big Three automakers will cut pick-up production in January, a sign of trouble in their turnaround efforts.

The Wall Street Journal says that global outsourcing has cause delays in Boeing’s (BA) 787 launch.

The Wall Street Journal writes that the Nintedo Wii shortage is to some extent due to the company’s cautious mangement.

The Wall Street Journal writes that AMD (AMD) is facing a late release of its most important new chip.

The Wall Street Journal reports that AT&T (T) believes that its Asia revenue will grow 20% next year.

The New York Times writes that several airlines are testing email and web access on their flights.

The New York Times reports that Dell (DELL) will sell computers at Best Buy (BBY) stores.

The New York Times writes that Palm (PALM) says it will miss its next quarter revenue estimates.

The FT writes that MBIA (MBI) is looking at ways to raise cash.

Barron’s writes that a Morgan Stanley analysts fells that Comcast (CMCSA) shares have hit bottom

CNN Money writes that Fannie Mae (FNM) has set a $25 per share price for its new capital raise.

Douglas A. McIntrye