Media Digest 3/12/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, central banks are uniting to ease the credit crisis.

Reuters writes that Google (GOOG) got EU approval to buy DoubleClick and its shares rose.

Reuters reports that Caterpillar (CAT) raised its 2010 outlook.

Reuters reports that Valero (VLO) is considering selling many of its US refineries because of poor profits.

Reuters reports that Boeing (BA) is protesting the Air Force tanker award to a group led by Northrop Grumman (NOC) as flawed.

The Wall Street Journal writes that diesel demand is remaining strong.

The Wall Street Journal reports that banks are seeing rising default rates on home equity loans.

The Wall Street Journal reports that Intel (INTC) made its case to EU regulator involving anti-competitive behavior.

The Wall Street Journal reports that the CEO of Time Warner (TWX) said he would consider a spin-off of the company’s cable operations.

The Wall Street Journal reports that the US military has linked China to hacking some of its data.

The Wall Street Journal writes that Fannie Mae (FNM) and Freddie Mac (FRE) are expected to sell more stock to raise capital.

The Wall Street Journal reports that Charter (CHTR) raised $1 billion in junk debt.

The Wall Street Journal says that S&P will review it rating of airlines.

The New York Times reports that oil prices are still trading around $109 a barrel.

The FT writes that rising oil prices failed to fuel mergers in the industry.

Bloomberg writes that China retail sale rose over 20%.

Douglas A. McIntyre