Media Digest 2/17/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, a poll of economists says the Japanese economy is likely to get worse.

Reuters reports that Trump Entertainment may file for Chapter 11.

Reuters writes that California may have to lay off 20,000 people.

Reuters reports that GM’s (GM) talks with the UAW and creditors are progressing.

Reuters writes that Sirius (SIRI) and Liberty Media are near a deal.

Reuters writes that GM will get $4 billion in aid this week.

Reuters reports that InterContinental is gloomy about this year.

Reuters reports that UBS’ (UBS) global hedge fund assets may be down 35% from the end of 2007.

Reuters reports that Teva (TEVA) says the recession is lifting demand for generic drugs.

The Wall Street Journal reports that Sirius is in trouble because of badly timed decisions by its CEO last year.

The Wall Street Journal reports that brokerages are reducing services to hedge funds.

The Wall Street Journal reports that Oracle (ORCL) has gone on a buying spree.

The Wall Street Journal reports that auto companies could still face bankruptcy.

The Wall Street Journal writes that Microsoft (MSFT) is launching a new mobile OS.

The Wall Street Journal report that Verizon (VZ) may offer a $5 a month landline plan.

The Wall Street Journal reports that the Obama plan relies on slow, steady actions to revive the economy.

The Wall Street Journal reports that video game players are getting more games from the internet to save money.

The Wall Street Journal reports that high-yield bonds are becoming more popular.

The Wall Street Journal reports that companies are closing promising, money-losing divisions.

The Wall Street Journal reports that Moody’s cut retains on mortgage insurers.

The Wall Street Journal writes that Exxon (XOM) is adding to its reserves at a fast pace.

The Wall Street Journal reports that Acer hopes to do well in the downturn.

The Wall Street Journal reports that rising pages and impression at websites are helping drive display ad rates down.

The New York Times reports that GM is pressing unions on health care.

The New York Times reports the lenders will have to match some government subsidies.

The New York Times reports that Facebook members want to know who owns their personal data.

The FT reports that Malone proposes to save Sirius in a debt for equity swap.

The FT reports that former President Clinton wants to put money into green projects.

Douglas A. McIntyre