According to Reuters, the government takeover of Fannie Mae (FNM) and Freddie Mac (FRE) will do little to help the mortgage market short-term.

Reuters writes that Lehman (LEH) made a number of changes to top management.

Reuters reports that The Royal Bank of Canada may have an interest in buying Lehman.

The Wall Street Journal reports that Altria (MO) will buy UST for $1.03 billion.

Reuters writes that that Boeing (BA) strike threatens the global aerospace industry.

Reuters reports that Washington Mutual (WM) pushed out Chief Executive Kerry Killinger.

Reuters writes that a large advertising association objected to the Google (GOOG) tie-up with Yahoo! (YHOO).

The Wall Street Journal reports that Wachovia (WB) is about to name a new CFO.

The Wall Street Journal writes that OPEC is deciding whether to cut oil prices.

The Wall Street Journal reports that Intel (INTC) is about to put out faster Xeon chips.

The Wall Street Journal reports that obesity surgery has been found to be cost effective.

The Wall Street Journal reports that key investors in a number of hedge funds are demanding their money back.

The Wall Street Journal reports that the rise in the dollar may hurt profits of some US companies.

The Wall Street Journal reports that Ford (F) is rushing to put some of its small European cars into the US market.

The Wall Street Journal writes that JetBlue (JBLU) will auction flights on Ebay (EBAY)

The New York Times reports that the CEOs of Fannie Mae and Freddie Mac will get big exit packages.

The New York Times reports that as their revenues fall, magazines are looking for new revenue sources.

The New York Times reports that Starbucks (SBUX) will begin to offer a magazine page each week covering a topic from the national election.

The New  York Times reports oil moved up as Hurricane Ike threatened the Gulf of Mexico.

The FT reports that shares in Europe rallied on reports of the Fannie and Freddie bail-out.

The FT reports the manufacturers are turning to the US as state offer big tax incentives.

Douglas A. McIntyre

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