Media Digest 7/1/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, global companies may start to issue profit warnings as business slows overseas.

Reuters reports that InBev is sticking to it offer to buy Anheuser-Bush (BUD).

Reuters reports that Chrysler is shutting minivan plants.

Reuters writes that financial executives are still looking for companies that they can buy cheap and improve.

Reuters reports that Lehman (LEH) rose after Morgan Stanley gave the brokerage a positive rating.

Reuters reports that Florida has sued Countrywide over its mortgage practices.

Reuters reports that Ford (F) was in talks to sell Volvo to Renault.

The Wall Street Journal writes that federal authorities want the names of UBS (UBS) clients who may have used the bank to dodge taxes.

The Wall Street Journal writes that Sirius (SIRI) put out financial forecasts for the firm once it combines with XM Radio (XMSR).

The Wall Street Journal writes that the US corn crop is mostly intact even after Midwest flooding.

The Wall Street Journal reports that UBS is likely to issue another profit warning.

The Wall Street Journal writes that Starbucks (SBUX) new coffee has attracted new customers and some critics.

The Wall Street Journal reports that Ford (F) is trying to maintain the vitality of its flagship product, the F-Series pick-up.

The Wall Street Journal reports that Teva (TEVA) has begun to ship a generic version of schizophrenia treatment Risperdal.

The New York Times reports that the Saudi Khurais oil field, one of the largest in the world, may not do as well as many had hoped.

The New York Times writes that business activity in the Midwest remained weak in June.

The FT reports that Warner Music (WMG) has signed up for Nokia’s (NOK) music service.

Bloomberg reports that Eli Broad says the current recession is the worst since WWII and believes the housing market will not recover for years.

Bloomberg writes that Bank of America (BAC) will pay about one-third less for Countrywide (CFC) than it had planned.

Douglas A. McIntyre

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