Media Digest 6/20/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the fuel price increase in China may bolster consumption.

Reuters writes that the Fed’s policy on inflation is starting to hurt the housing market.

Reuters writes that the Bank of America (BAC) buy-out of CountryWide (CFC) may be done next month.

Reuters reports that the CFO of Citigroup (C) said the bank will take more write-offs.

Reuters writes that Washington Mutual (WM) cut 1,200 jobs.

The Wall Street Journal reports that Yahoo! (YHOO) is planning a reorganization.

The Wall Street Journal reports that the chairman of Live Nation will leave the company.

The Wall Street Journal reports that Continental (CAL) and United (UAUA) have formed a broad marketing alliance.

The Wall Street Journal writes that high gas prices are beginning to cut consumer consumption.

The Wall Street Journal writes that the decision by the Air Force to review its fuel tanker decision is drawing criticism from overseas.

The New York Times writes that the market for small cars is so great the auto companies cannot keep up.

The New York Times reports that Kirk Kerkorian has raised his stake in Ford (F) again.

The FT writes that Microsoft (MSFT) will not go on a buying spree after losing its bid for Yahoo!.

Bloomberg writes that UBS (UBS) is accused of helped US clients hide $20 billion in assets.

Douglas A. McIntyre