Media Digest 8/13/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Goldman Sachs (GS) will buy $1.5 billlion in assets from ABN.

Reuters reports that Ford’s (F) new plans will not change because of the fall in gas prices.

Reuters writes that GM (GM) will crack down on healthcare coverage.

Reuters reports that Yahoo! (YHOO) has added new board members to complete a deal with Icahn.

Reuters writes that the Japanese economy shrank in the last quarter, adding to concerns about recession.

The Wall Street Journal reports that a price in the price of cotton has worried some that the market may be manipulated.

The Wall Street Journal writes that banks are getting rid of foreclosed homes at a record rate which could damage their earnings further.

The Wall Street Journal reports that Best Buy (BBY) will begin to sell the Apple (AAPL) iPhone.

The Wall Street Journal reports that CVS (CVS) has decided to buy Longs Drugs.

The Wall Street Journal reports that the US trade gap narrowed on strong exports.

The Wall Street Journal reports that Nvidia (NVDA) posted a loss due to problems with some of its chips.

The Wall Street Journal reports that Yahoo! paid $36 million on its takeover defence.

The Wall Street Journal reports that financial stocks being protected from "shorts" fell anyway.

The Wall Street Journal reports that Dell (DELL) released a number of new laptops to defend its corporate market.

The Wall Street Journal reports that the growth of cable advertising is growing.

The New York Times report that until securitization revives the price of consumer loans will keep rising.

The New York Times reports that the corn crop in the US will hit near-record levels.

The New York Times reports that the market for SUVs is starting to look like the housing market.

The New York Times writes that two out of three US companies paid no corporate income tax between from 1998 to 2005.

The FT reports that banks remain exposed to earnings problems despite sales of toxic debt.

Bloomberg writes that a rally in share of Bank of America (BAC) and brokers is likely to end with the expiration of short selling restrictions.

Douglas A. McIntyre