Media Digest 8/4/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the Fed will sit tight on rates as oil prices moderate.

Reuters writes that Verizon (VZ) labor talks have continued past their dealine.

Reuters reports that Chrysler renewed its credit facilities, but at a lower amount.

Reuters writes that GE (GE) is not interested in selling NBC Universal.

Reuters reports that Honda (HMC) will have low supplies of small cars well into next year.

The Wall Street Journal writes tha some companies are using pension plans to fund top management retirement funds.

The Wall Street Journal reports that hedge funds may report their worst monthly performance in six years.

The Wall Street Journal reports that Fannie Mae (FNM) and Freddie Mac (FRE) are working hard to prevent foreclosures.

The Wall Street Journal writes that US productivity is still strong despite and economic downturn.

The Wall Street Journal reports that Time Warner (TWX) is close to separating AOL’s dial up business from the rest of the company and that both business may be spun-out or sold.

The Wall Street Journal reports that Intel (INTC) will provide details of chips that will help move it into new markets.

The Wall Street Journal writes that Fed cuts have done little to ease most credit markets.

The Wall Street Journal reports that Nintendo is faced with keeping its business growing by moving into new markets.

The Wall Street Journal writes that News Corp (NWS) will have to show Wall St. that it is starting to get ad revenue for MySpace when it reports earnings.

The New York Times reports that housing lenders fear a new wave of default from home owners with relatively good credit.

The New York Times reports that new software applications are cutting ties between consumers and their carriers

The New York Times writes that, while newspapers may be bargains, there are few buyers.

The FT writes that the SEC is overhauling its system for tracking insider trading.

Bloomberg reports the Citigroup (C) is about to close one of its large convertible hedge funds.

Douglas A. McIntyre