Media Digest 8/13/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Wal-Mart (WMT) will report results with Wall St. looking for sales growth.

Reuters:   US home foreclosures set a record in July.

Reuters:   Citigroup (C) hired outsiders to help with a management review.

Reuters:   The former head of AIG (AIG) has offered $115 million to settle a suit.

Reuters:   The Fed says the economy is stabilizing.

Reuters:   The German and French economies returned to growth in the second quarter.

Reuters:   The Citigroup (C) trader who is owed $100 million will be exempt from scrutiny by the pay czar.

WSJ:   The Citigroup trader who is to make $100 million will probably have his pay modified.

WSJ:   The creators of cap-and-trade are now advocating an emissions tax.

WSJ:   Food firms are warning of a sugar shortage.

WSJ:   The WTO ordered China to open new channels for distribution of US films.

WSJ:   UBS (UBS), the Swiss, and the US settled a dispute on disclosing customer identities.

WSJ:   The SEC is filing a case against Pequot.

WSJ:   Google (GOOG) is facing a suit over the purchase of On2 (ONT).

WSJ:   The US monthly budget gap was $181 billion.

WSJ:   Nasdaq and the NYSE (NYX) are battling over IPOs.

WSJ:   Continental (CAL) will join the Star Alliance.

WSJ:   A new Microsoft (MSFT) alliance with Nokia (NOK) is aimed at the RIM (RIMM) Blackberry.

WSJ:   A new study shows that network ads on internet portals MSN, AOL, and Yahoo! (YHOO) are less effective than premium ads sold at content sites.

WSJ:   Spending is the US is weak without the “clunkers” boost.

WSJ:   Paulson bought 168 million shares in Bank of America (BAC).

WSJ:   Improving bank profits may hurt the drive for regulation.

WSJ:   Toll (TOL) says home buyers are slowly returning to the market

WSJ:   VW and Porsche has set an agreement to merge.

WSJ:   Redbox sued studios over access to films.

NYTimes:   Sony (SNE) plans to adopt a common format for its e-books.

Douglas A. McIntyre is the former chairman and CEO of On2 (ONT).