Media Digest 9/25/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Bush called an emergency meeting of Congressional leaders to push through bank bailout legislation.

Reuters reports that Goldman Sachs (GS) and Morgan Stanley (MS) are preparing to take advantage of their new status as bank holding companies by raising billions of dollars.

Reuters says that Paulson gave ground on the idea that CEO pay must be restricted at banks which benefit from the bailout.

Reuters reports that Yahoo! (YHOO) should improve that display ad system with its new sales technology.

Reuters reports that the Treasury said global cooperation would be needed to repair the financial system.

Reuters reports that Hewlett-Packard (HPQ) and Oracle (ORCL) are teaming up on building data base hardware.

The Wall Street Journal reports that Buffett drove a very hard bargain to invest $5 billion in Goldman Sachs (GS).

The Wall Street Journal says the SEC ordered over two dozen hedge funds to hand over data to see if they were involved in any market manipulation.

The Wall Street Journal reports that The Commodity Futures Trading Commission is looking into manipulation of the silver market.

The Wall Street Journal reports that legislation to give loan guarantees to car makers is advancing in Congress.

The Wall Street Journal reports that home sales fell 2.2% in August.

The Wall Street Journal reports that Boeing (BA) may face a long strike.

The Wall Street Journal reports that Google (GOOG) wants the government to give companies unlicensed access to unused TV channels.

The Wall Street Journal reports that demand for short-term energy debt is hurting supply.

The Wall Street Journal reports that companies are drawing down credit lines to prepare for a period of tighter credit.

The Wall Street Journal reports that AIG (AIG) may be under pressure to sell assets.

The Wall Street Journal reports that Washington Mutual (WM) is considering being bought by a private equity firm.

The Wall Street Journal reports that analysts think earnings at the S&P 500 will be up 24% next year.

The Wall Street Journal reports that Chrysler is in talks to buy back a 20% stake from Daimler allowing it to cut partnerships with other car companies.

The Wall Street Journal reports that GM (GM) has hired an outside firm to help it cut costs.

The FT reports that hedge funds have moved $100 billion into safe haven investments.

The FT reports that MySpace’s (NWS) music service is setting up to challenge Apple (AAPL).

Douglas A. McIntyre