Media Digest 7/8/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Media

Published: July 8, 2008 2:52 am

According to Reuters, Microsoft (MSFT) is willing to start buy-out talks with Yahoo! (YHOO) if the portal company will replace its board.

Reuters writes that the CEO of JP Morgan (JPM) said the SEC should investigate whether investors betting on a failing stock at Bear Streans helped make the brokerage fail.

Reuters writes that shares in Fannie Mae (FNM) and Freddie Mac (FRE) moved down sharply on concerns that they will have to raise more money.

Reuters reports that inflation in China for June was just over 7%.

Reuters writes that Airbus will launch a successor to the A320 in 2014.

Reuters reports that Ford’s (F) first half sales in China rose 21%.

The Wall Street Journal reports that Dreamworks has chosen Intel (INTC) chips over AMD (AMD) to power its animation systems.

The Wall Street Journal reports that Merck (MRK) shares dropped on a report of falling sales of one of its drugs.

The New York Times writes tha Sprint (S) is trying to win back unhappy customers.

The FT says that the SEC has found some conflicts in how the bond ratings agencies covered subprime mortgage products.

The FT reports that the auto parts sector is being damaged by cutbacks in the car industry.

Douglas A. McIntyre

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