Media
Media Digest 8/6/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
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According to Reuters, a new tally of votes for the Yahoo! (YHOO) board election shows a high percentage of protest votes.
Reuters reports that the Fed held rates steady and indicated it would not raise rates soon.
Bloomberg writes that Morgan Stanley (MS) has frozen some of its customers’ home equity loans.
Reuters reports that high commodities prices are pressuring margains at restaraunts.
Reuters writes that Fannie Mae (FNM) is raising its fees against ot help offset losses.
Reuters reports that Starbuckss (SBUX) has begun to offer an afternoon beverage discount.
The Wall Street Journal reports that Citigroup (C) is in talks to settle auction-rate securities charges.
The Wall Street Journal reports that Sony (SNE) bought out all of its music partnership with Bertelsmann.
The Wall Street Journal reports that Whole Foods (WFMI) missed earnings estimates.
The Wall Street Journal reports that Cablevision (CVC) may spin off some of its businesses.
The Wall Street Journal reports that Barclays (BCS) will update investors on its write-offs.
The Wall Street Journal reports that Toyota (TM) will take a write-down for US car leases.
The New York Times reports that home energy prices are expected to jomp sharply.
The New York Times reports that Google (GOOG) will release a new set of tools to track the popularity of certain search terms
The New York Times reports that Morgan Stanley (MS) will advise the US on the asset values of Freddie Mac (FRE) and Fannie Mae (FNM).
The FT reports that ADM (ADM) is in talks to tap ethanol reserves in Brazil.
Bloomberg reports that BNP Paribas earnings fell on increasd bad debt provisions
Douglas A. McInryre
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