Media Digest 5/13/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, HP (HPQ) plans to buy EDS (EDS) to better compete with IBM (IBM).

Reuters writes that AIG (AIG) says it sees no reason to follow the request of its ex-CEO to the company”s annual meeting.

Reuters writes that Staples (SPLS) has raised its hostile bid for Corporate Express.

Reuters reports that Nissan reported a large drop in earnings and said that the next year would be disappointing due to higher commodities prices and weak US market..

Reuters writes that Microsoft (MSFT) has launched WorldWide Telescope, free software for exploring outer space.

The Wall Street Journal writes that Dell (DELL) is trying to reinvenet its high end game computer business.

The Wall Street Journal writes that Exxon (XOM) management has asked investors to reject a move to have the company elect a separate chairman and CEO.

The Wall Street Journal writes that Beazer (BZH) will restate is results for nine years.

The Wall Street Journal reports that Merrill Lynch (MER) tried to convince investors that it has enough capital and will not have to raise money.

The Wall Street Journal reports that Clear Channel (CCU) is near a deal to complete its LBO.

The Wall Street Journal writes that Dish Network (DISH) is losing subscriber growth momentum.

The New York Times writes that Nissan will sell an electric car in the US by 2010.

The New York Times writes that Wachovia (WB) faces a inquiry over auction-rate securities.

The FT writes that UBS (UBS) sees further problems in the US housing business.

Bloomberg writes that Toyota (TM) will cut discounts on its Prius hybrid as the cost of gas rises

Douglas A McIntyre