Media Digest 7/17/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, the FBI is probing IndyMac (IMB) for possible fraud.

Reuters reports that Ebay’s (EBAY) outlook knocked its shares down.

Reuteres writes that Merrill Lynch (MER) will sell its Bloomberg stake for $4.5 billion.

Reuters reports new numbers show soaring inflation and falling confidence among homebuilders.

Reuters writes that PC shipments slowed in Q2.

The Wall Street Journal reports that Congress is fighting over a plan to help Fannie Mae (FNM) and Freddie Mac (FRE).

The Wall Street Journal reports that China’s GDP growth rate fell to 10.1% in the second quarter.

The Wall Street Journal reports that Microsoft (MSFT) has stepped up its talks with Time Warner (TWX) about buying AOL.

The Wall Street Journal reports that PC growth was fairly strong overseas.

The Wall Street Journal reports that car sales forecasters see a hard 2009.

The New York Times writes that the shares of AMR (AMR) and Delta (DAL) rose, despite quarterly losses.

The New York Times reports that Amazon (AMZN) will launch a new online movie and TV store.

The FT reports that Deutsche Telekom (DT) and SK Telecom may still be looking at taking minority positions in Sprint (S).

Bloomberg reports that housing starts probably dropped to a 17-year low last month.

Douglas A. McIntyre

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