Media Digest 8/15/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Ford (F) will build a news luxury crossover vehicle.

Reuters writes that Merrill Lynch (MER) will freeze all hiring through the end of the year.

Reuters reports that the FAA proposes a $7.1 million fine against AMR (AMR).

Reuters reports the consumer prices were up sharply as employment softened.

Reuters reports that Morgan Stanley (MS) and JP Morgan (JPM) hsa settled their auction-rate probes.

Reuters writes the Pickens stands by his alternative energy plan despite falling oil.

Reuters reporsts the Wachovia (WB) may need capital and could sell its money management unit.

The Wall Street Journal writes that four of the world’s top economies may be falling into recession.

The Wall Street Journal reports that more speculation is being seen in the oil market.

The Wall Street Journal reports that UBS (UBS) is being accused of auction-rate fraud by the NH AG

The Wall Street Journal writes that Harbinger Capital has bought 4.9% of Cablevision (CVC) probably to press for changes

The Wall Street Journal reports that Apple (AAPL) is working on solutions for dropped iPhone calls.

The Wall Street Journal reports that a court decision set a high bar for record labels that want to claim damages from file-sharing services.

The Wall Street Journal writes that Gannett (GCI) eliminated 1,000 jobs.

The Wall Street Journal reports that Toyota (TM) will see US sales recover slowliy

TheWall Street Journal reports that the US governement is pressuring Delphi on its pension obligations.

The Wall Street Journal reports that T-Mobile will offer the first Google-powered smartphone.

The Wall Street Journal reports that GM’s (GM) hybrid is nearly ready for testing.

The FT reports that Merrill Lynch may avoid a $29 billion UK tax bill because of losses.

Bloomberg reports that US consumers spent more on gas than cars for first time in 26 years.

Douglas A. McIntyre