Media Digest (9/15/2011) Reuters, WSJ, NYTimes, FT, Bloomberg

UBS (NYSE: UBS) trader loses $2 billion in unapproved trades. (Reuters)

The head of the World Bank says the global economy has entered a danger zone. (Reuters)

General Motors (NYSE: GM) and Chrysler extend talks with the UAW. (Reuters)

Government officials say the EU may reach a credit crunch. (Reuters)

Reuters poll: economists think there is a one-in-three chance the economy will hit a recession. (Reuters)

Groupon’s IPO is back on schedule. (Reuters)

Microsoft’s (NASDAQ: MSFT) new products get no support from Wall St. (Reuters)

Facebook delays its IPO until late 2012. (Reuters)

Avis (NASDAQ: CAR) drops its bid for Dollar Thrfty (NYSE: DTG); Hertz (NYSE: HTZ) will not buy the company. (Reuters)

Head of Nasdaq (NASDAQ: NDAQ) again objects to merger of NYSE (NYSE: NYX) and Deutsche Boerse. (Reuters)

More clients leave EU banks for U.S. ones. (WSJ)

SEC expands its examination of mortgage-backed securities. (WSJ)

U.S. banks begin to loan money to companies with lower credit ratings. (WSJ)

U.S. manufacturing losing steam again. (WSJ)

Sharp says it would lower targets for tablet PC sales. (WSJ)

Aol (NYSE: AOL), Yahoo! (NASDAQ: YHOO) and MSN (NASDAQ: MSFT) to sell advertising as a group to combat Google (NASDAQ: GOOG). (WSJ)

SAIC (NYSE: SAI) cleared of insider trading violations. (WSJ)

Gulf drilling increases again. (WSJ)

Verizon (NYSE: VZ) says Irene cost it $250 million. (WSJ)

The College Board says SAT scores dropped in all but three states. (WSJ)

Italy approves austerity plans. (WSJ)

Toyota (NYSE: TM) joins U.S. universities in safety studies. (WSJ)

Honda (NYSE: HMC) to push its hybrid cars in China. (WSJ)

New companies cut start-up staffs in half. (WSJ)

Most U.S. IPO listings from this year are underwater. (WSJ)

Germany and France say they expect Greece to stay in the eurozone. (NYT)

China wants to improve trade relationships with the EU if it buys government debt from nations in the region. (NYT)

U.S. mortgage applications rise as rates fall. (FT)

Ebay (NASDAQ: EBAY) to expand it payment options. (Bloomberg)

Douglas A. McIntyre