Media Digest 8/5/2008 Reuters, WSJ, NYTImes, FT, Bloomberg
According to Reuters, large Yahoo! (YHOO) holder Capital Research want to know whether vote counts from the company’s annula meeting were accurate.
Reuters writes that the Fed is seen as holding rates steady.
Reuters writes that after damaging their reputations, credit ratings agencies are seeking redemption.
Reuters reports that Alan Greenspan says there will be more bank failures.
Reuters writes that the CEO of Merrill Lynch (MER) told CNBC that the broker may have to raise more money.
The Wall Street Journal writes that Alcatel-Lucent (ALU) is looking for a new top management team.
The Wall Street Journal reports that defaults are hitting credit card bonds.
The Wall Street Journal writes that a battle has begun over Bristol-Myers (BMY) bid for Imclone (IMCL).
The Wall Street Journal reports that AT&T (T) will start a cloud computing business for its enterprise customers.
The Wall Street Journal writes that Dish Network (DISH) may be looking for a deal to get DirecTV (DTV)
The Wall Street Journal writes that Google’s (GOOG) YouTube will provide coverage of the Olympics.
The New York Times writes that the CEO of Freddie Mac (FRE) disregarded warnings about its practices as early as 2004.
The New York Times reports that China has begun to worry about a slowdown in its economy.
The New York Times reports that an Eli Lilly (LLY) drug Byetta, an injectable, that lowers blood sugar, may help people with diabetes to live longer.
The FT writes that oil prices are dropping on concerns about global economic growth.
Bloomberg writes that Societe Generale profits fell 63% on losses in its investment bank.
Bloomberg reports that Fannie Mae (FNM) and Freddie Mac losses may extend into 2009 as delinquencies rise.
Douglas A. McIntyre