Media Digest 8/29/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Lehman (LEH) may fire 1,200 workers.

Reuters reports that Dell (DELL) said its Asia business was fine but offered a cautious forecast.

Reuters reports that Starbucks (SBUX) will offer more promotions and discounts.

Reuters writes that auto parts company Delphi may be liquidated.

The Wall Street Journal reports that Microsoft (MSFT) will by Greenfield Online, a research firm.

The Wall Street Journal writes that Boeing (BA) presented its machinists union with a final offer.

The Wall Street Journal reports that an upward revision in GDP may be a signal of growth.

The Wall Street Journal writes that Qualcomm (QCOM) was cited for breaking a ban on using wireless technology created by Broadcom (BRCM)

The Wall Street Journal writes that Samsung issued a gloomy forecast for the rest of the year.

The Wall Street Journal reports that many big companies are being left out of the auction-rate settlement.

The New York Times reports that AT&T (T) rivals are attacking the company over bugs in the Apple (AAPL) iPhone.

The New York Tiimes writes that a top GM (GM) official says that car makers need money for new plants and probably cannot raise it on their own.

The FT reports that Japan’s inflation hit a 10-year high in July.

The FT reports that the Bank of China has cut holdings in Fannie Mae (FNM) and Freddie Mac (FRE)

Bloomberg writes that oil is rising again as a storm moves into the Gulf of Mexico.

Bloomberg reports that India’s economic growth slowed to 7.9%.

Douglas A. McIntyre