Media Digest 10/9/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the US Treasury may buy interests in large banks following the model set up by the UK.

Reuters reports that IBM’s (IBM) earnings strength helped calm tech investors.

Reuters reports that MetLife (MET) and The Hartford (HIG) may be in merger talks.

Reuters reports that the deal for Citigroup (C) and Wells Fargo (WFC) to buy Wachovia (WB) has been hung up on the poor quality of Wachovia’s assets.

Reuters reports that Boeing (BA) and its union are seeking federal mediation over their strike.

The Wall Street Journal writes that central bank lowered rates on the same day to try to stimulate the credit markets.

The Wall Street Journal reports that AIG (AIG) needs more capital than the first $85 billion the government put in and will get another $37.8 billion.

The Wall Street Journal reports that Morgan Stanley (MS) tried to calm investors after its shares fell again.

The Wall Street Journal reports that Walgreen (WAG) dropped its deal for Longs Drugs (LDG) because of a worsening credit market.

The Wall Street Journal reports that the deep recession in California may be an example of what may happen in the rest of the country.

The Wall Street Journal reports that The Federal Reserve Bank of New York has summoned participants in the credit-default-swap market to another meeting.

The Wall Street Journal reports that EMI plans its own online music service.

The Wall Street Journal reports that the economy hurt most September results for retailers.

The Wall Street Journal writes that investors hope GE (GE) will not hit them with bad results.

The Wall Street Journal reports that Temasek, Singapore’s sovereign fund, passed on taking a stake in Bank of America (BAC)

The Wall Street Journal says that the SEC wants companies to do a better job of explaining how they value trouble assets.

The Wall Street Journal reports the United Technologies (UTX) will raise its dividend.

The Wall Street Journal reports that investors in Yahoo! (YHOO) are looking for a savior to improve that company’s share price.

The Wall Street Journal reports that Broadcom (BRCM) filed another patent suit against Qualcomm (QCOM).

The New York Times reports that Russia is struggling to keep market open because they are in a free fall.

The New York Times reports that pending home sales rose over 7% last month.

The New York Times reports that Microsoft (MSFT) will release new games in Japan to try to improve market share for the Xbox 360.

The FT reports that Libor is up despite rate cuts.

The FT reports that distressed debt levels hit a five-year high.

The FT reports that markets are bracing for the end of short-selling rules.

The FT reports that the IMF sees that current credit crisis as the worst shock to the economic system since the 1930s.