Media Digest 8/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Greenspan says the housing market should bottom in 2009.

Reuters writes that US auto makers are scrambling to make more fuel-efficient cars.

Reuters reports that the SEC is close to a deal with major banks on auction-rate securities.

Reuters reports that the US short-selling rule for financial stocks had little impact.

Reuters reports that the advance in airline stocks based on falling oil may be premature due to other problems in the industry.

Reuters reports that GM (GM) is in talks to sell Hummer.

Reuters writes that solving manufacturing problems is the key to a turnaround at AMD (AMD).

The Wall Street Journal reports that Barnes & Noble (BKS) is unlikely to make a bid for Borders (BGP).

The Wall Street Journal reprorts that unions are seeking an inquiry into Wal-Mart’s (WMT) talks with employees about the possible victory of Democrat candidates.

The Wall Street Journal reports that a Boston Scientific (BSX) stent study was flawed.

The Wall Street Journal writes that Intel (INTC) is taking steps to help remote PC access.

The Wall Street Journal writes that a federal count ruling on licensing could help open source software like Linux.

The Wall Street Journal reports that Goldman Sachs (GS) has been silent on helping its wealthy clients who own auction-rate securities.

The Wall Street Journal reports that the FTC is proposing rules to halt manipulation of oil futures.

The Wall Street Journal reports the Genentech (DNA) turned down an offer from Roche to buy the company.

The New York Times reports that Chrysler is setting up plants to make fuel-efficient SUVs.

The New York Times writes the drivers drove almost 5% fewer miles in June.

The FT writes that Morgan Stanley (MS) and JP Morgan (JPM) are near deals on auction rate securities.

The FT reports that GM (GM) shares fell on a Moody’s ratings cut.

Bloomberg reports that options traders think Merrill Lynch (MER) may cut its dividend for the first time in 37 years.

Douglas A. McIntyre