Media Digest (9/14/2011) Reuters, WSJ, NYTimes, FT, Bloomberg

Moody’s cuts ratings of France’s Credit Agricole and Societe Generale as Greek debt trouble spreads. (Reuters)

Federal Reserve may try to help the economy with more bond purchases. (Reuters)

Yahoo! (NASDAQ: YHOO) board will meet to discuss the company’s strategic options. (Reuters)

The number of U.S. poor reached 42 million last year. (Reuters)

Shareholders file suit against News Corp. (NASDAQ: NWS) based on allegations that it knew many years ago about wiretaps set by its papers. (Reuters)

Diabetes cases reach 366 million worldwide. (Reuters)

Walmart (NYSE: WMT) to try to increase its appeal to women shoppers. (Reuters)

U.S. examines whether eBay (NASDAQ: EBAY) employees took data from Craigslist. (Reuters)

General Electric (NYSE: GE) repays money Warren Buffett loaned to it during the credit crisis. (Reuters)

U.S. household income falls to 1996 levels. (WSJ)

U.S. airlines to keep capacity low and fares high. (WSJ)

Cisco (NASDAQ: CSCO) lowers annual financial targets. (WSJ)

Poor earnings drive down shares of Best Buy (NYSE: BBY). (WSJ)

Italy must pay higher rates to sell bonds. (WSJ)

IMF’s Lagarde suggests emerging nations that want to invest in the EU look at bonds in the riskiest nations. (WSJ)

Boston Scientific (NYSE: BSX) recruits a Johnson & Johnson (NYSE: JNJ) executive to be its new CEO. (WSJ)

Dell (NASDAQ: DELL) plans to buy back $5 billion in shares. (WSJ)

Microsoft (NASDAQ: MSFT) shows its new version of Windows, which is meant to more effectively compete with Apple (NASDAQ: AAPL). (WSJ)

Target’s (NYSE: TGT) website goes down due to huge demand for new fashions. (NYT)

JPMorgan Chase (NYSE: JPM) warns on Q3 earnings. (NYT)

Obama to propose cuts in Medicare and Medicaid as part of new budget proposals. (FT)

Merkel makes more statements about Germany’s support of Greece. (FT)

Italy’s parliament to vote on austerity plans. (Bloomberg)

China’s prime minister says the world must depend on debt reduction, not the world’s second largest economy, to improve its financial future. (Bloomberg)

Bloomberg poll: 72% of respondents think the U.S. economy is on the wrong course. (Bloomberg)

Research In Motion (NASDAQ: RIMM) probably sold 460,000 PlayBooks last quarter, a figure dwarfed by Apple iPad sales. (Bloomberg)

Douglas A. McIntyre