Media Digest 10/13/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, world markets are waiting to see how the bailout of banks in Europe and the US will work.

Reuters reports that Japan’s Mitsubishi UFJ Financial Group is looking for more favorable terms in its $9 billion buy-out of Morgan Stanley (MS).

Reuters reports that the UK will put $64 billion into its major banks.

Reuters writes that Wells Fargo (WFC) won Fed approval for its Wachovia (WB) takeover.

Reuters writes that profits at Philips Electronics fell sharply.

Reuters reports that AIG (AIG) management knew of potential problems of valuing swaps before it failed.

Reuters reports that GM (GM) is seeking funds from the government.

Reuters reports that Boeing (BA) and the machinists union negotiated a potential settlement with a federal mediator.

The Wall Street Journal reports that Europe and the UK will offer unlimited dollar funds to their banks.

The Wall Street Journal reports that margin calls force many corporate insiders to sell stock.

The Wall Street Journal reports that Gulf countries will offer funds to their banks.

The Wall Street Journal reports that GM’s (GM) board did not favor a link with Chrysler.

The Wall Street Journal reports that Sun (JAVA) will offer faster servers.

The Wall Street Journal reports that Infosys lowered it financial forecasts.

The Wall Street Journal reports that the FCC took the first step in offering free wireless web access.

The Wall Street Journal reports that IMF nations vowed to do what was necessary to prevent another major financial company failure.

The Wall Street Journal reports that the market crash may keep individual investors out of the market for a long time.

The Wall Street Journal reports that the Fed named a trustee to monitor it stake in AIG (AIG).

The Wall Street Journal writes that leveraged loans are under pressure creating potential problems for private equity firms.

The Wall Street Journal reports that Yahoo!’s (YHOO) sell-off shows that Microsoft (MSFT) dodged a bullet.

The Wall Street Journal writes that Ford (F) may sell its stake in Mazda.

The New York Times reports that federal officials may offer Mitsubishi UFJ financial protections for its investment in Morgan Stanley.

The New York Times reports that there is concern that new guarantees could cost American taxpayers far more money.

The New York Times writes that newspaper internet revenue is not rising.

The FT writes that Barclays (BCS) will raise 6.6 billion pounds from investors.

The FT reports MUFJ "still plans to invest $9bn and take a 21 per cent share of Morgan Stanley, but under a changed formula that will see the entire investment in the form of convertible preferred shares at a significantly lower price than previously agreed."

Bloomberg reports that "the world may be heading for its worst recession in a quarter of a century — if it’s lucky."