Media Digests 8/28/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Toyota (TM) cut its 2009 sales forecast by almost 7%.

Reuters reports that Fannie Mae (FNM) changed several of its top executives.

Reuters writes that Starbucks (SBUX) management will receive no raises next year.

Reuters writes that the CFTC will look into reports on the trading of oil futures.

Reuters writes that Caterpillar (CAT) expects strong demand in China to continue.

Reuters writes that US consumers may pass on convenience and organic foods.

The Wall Street Journal reports that mobile phone sales are slowing.

The Wall Street Journal reports that more artists are moving away from Apple (AAPL) iTunes because its format hurts album sales.

The Wall Street Journal reports the Big Three sales are beginning to badly damage dealer finances.

The Wall Street Journal reports that the SEC would like to change accounting rules by 2014 moving to international standards.

The Wall Street Journal reports that spending on servers is slowing.

The Wall Street Journal reports the Dell’s (DELL) earnings may be the last strong results from a tech company for some time.

The New York Times writes that Amgen (AMGN) will offer discounts on its anemia drug.

The FT reports that the new Microsoft (MSFT) browser may impact some of Google’s (GOOG) targeted advertising features.

Bloomberg reports that earnings at Credit Agricole dropped 94% on write-downs.

Douglas A. McIntyre