Media Digest 8/20/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
August 20, 2008 by Douglas A. McIntyre
According to Reuters, US inflation rose as the housing market continued to be troubled.
Reuters reports that Hewlett-Packard (HPQ) beat Wall St. expectations.
Reuters reports that Ebay (EBAY) will drop some of its listings fees.
Reuters reports that Fed officials said they must be ready to curb inflation.
Reuters reports that Goodyear will close stores and cut staff.
Reuters writes that GM (GM) will extend warranties on its used cars.
The Wall Street Journal reports that Freddie Mac (FRE) was forced to pay very high rates to raise $3 billion fueling speculation of a bail out.
The Wall Street Journal reports that Wachovia (WB) sold $40 million in troubled real estate loans.
The Wall Street Journal writes that growth at India’s IT companies is starting to slow.
The Wall Street Journal reports that Intel (INTC) is working on improving chip performance without increasing power consumption.
The Wall Street Journal reports that some energy traders are betting the oil be have another bull run.
The Wall Street Journal reports that Target (TGT) will slow its expansion.
The Wall Street Journal writes that cellphone sales fell 13% in the last quarter.
The New York Times reports that Chrysler’s owners will give management more time to fix the company.
The New York Times reports that consumers who cannot sell houses are focusing on home repairs.
The New York Times reports that Palm (PALM) is trying to increase its share among business users.
The FT reports that GM (GM) is making a "U-turn" on using sales incentives.
The FT reports that Barclays (BCS) may buy an asset manager in the US.
The FT writes that Intel (INTC) is bullish on its new Atom processor for small wireless devices.
Bloomberg writes that a bail-out for Fannie Mae (FNM) and Freddie Mac (FRE) may hinge on a roll-over of $223 billion in debt.
Douglas A. McIntyre
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