Media Digest 6/26/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Anheuser-Busch (BUD) will reject a $46.3 billion buy-out from InBev.

Reuters writes that Oracle (ORCL) posted strong earnings but its outlook was light.

Reuters reports that RIM (RIMM) has an excellent quarter but weak guidance.

Reuters reports that the Fed held rates buy showed concern about inflation.

Reuters writes that Goldman Sachs (GS) says Citigroup (C) may have $9 billion in write-downs in the current quarter.

Reuters reports that Sony (SNE) expects 10% ROE in three years on TVs, Blu-ray and chips.

Reuters reports that Jerry York, adviser to billionaire investor Kirk Kerkorian said auto sales will not recover in the second half.

The Wall Street Journal writes that three more states have filed suits against Countrywide (CFC).

The Wall Street Journal writes that no one is rushing to buy GE’s credit card operations.

The Wall Street Journal reports that the head of Yahoo! (YHOO) wrote to shareholders defending the company’s reaction to the Microsoft (MSFT) offer

The Wall Street Journal writes that Fitch cut its creditor default ratings on Ford (F) and GM (GM).

The New York Times writes that the Supreme Court cut awards against Exxon (XOM) in the Valdez case.

The FT writes that the ECB may raise interest rates.

Bloomberg writes that Goldman Sachs (GS) and four other banks sold $1.7 billion in LBO debt for 70 cents on the dollar.

Douglas A. McIntyre