Media Digest 6/23/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, a new survey put Google (GOOG) first in reputation among US companies.

Reuters reports that gas prices climbed to a record $4.10.

Reuters writes that Bunge ((BG) will buy Corn Products ((CPO) for $4.4 billion.

Reuters writes that Citigroup (C) will cut 10% of its investment bank employees

Reuters writes that a study from Harvard says the housing rebound is far off.

Retuers writes that GE’s infrastructure unit plans to keep its forecasts, most due to growth in Asia.

The Wall Street Journal reports that there has been a surge in oil speculation since 2000.

The Wall Street Journal writes that the Saudis tried to calm fears of oil price by slightly raising production.

The Wall Street Journal reports that banks are struggling to get new capital.

The Wall Street Journal writes that plans for a Google mobile handset have slowed.

The Wall Street Journal reports that China and India have two of the world’s worst performing markets so far this year.

The New York Times writes that Nokia (NOK) is trying to make itself into a next generation entertainment company.

The New York Times reports that the fall-off in newspaper advertising is accelerating.

The FT writes that Goldman Sachs (GS) will cut investment banking staff this week.

According to the FT, Ambac (ABK) and MBIA (MBI) "are talking to banks about wiping out $125bn of insurance on risky debt securities."

The FT reports that Facebook has now claimed the lead over MySpace (NWS) in terms of unique visitors.

Bloomberg writes that high oil prices have undermined Barnanke’s cures for inflation.

Douglas A. McIntyre