Media Digest 7/14/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the govenment will bail-out Freddie Mac (FRE) and Fannie Mae (FNM) through a combination of stock purchases and loans.

Reuters reports that InBev will buy Anheuser-Busch (BUD) for $52 billion.

Reuters reports that Yahoo! (YHOO) rejected a proposal from Microsoft (MSFT) and Icahn to break up the company.

Reuters reports that analysts expect more banks to fail on the heels of the government taking over IndyBac.

Reuters reports the SEC and other agencies will crack down on the use of rumors by short sellers.

The Wall Street Journal reports that bond ratings agencies are likley to have new regulations not unlike those put on stock exchanges.

The Wall Street Journal writes that Nvidia (NVDA) is trying to fend off problems its new product is having with PC makers.

The New York Times writes that at least 150 banks could fail over the next year.

The FT writes that KPMG’s Global M&A Predictor sees a sharp downturn in buy-out activity by corporations.

Bloomberg with that Petrobas oil workers went on strike which could cut Brazil’s oil output by half.

Bloomberg reports that the Sony (SNE) PS3 is gaining on Microsoft (MSFT) with Blu-ray and new games.

Douglas A. McIntyreSNE