Media Digest 7/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, analysts looking at results from Google (GOOG), Microsoft (MSFT), and IBM (IBM) are cautiously optimistic about upcoming tech earnings.

Reuters writes that Merrill Lynch (MER) posted a loss of $4.9 billion and sold its share of Bloomberg.

Reuters writes that Yahoo! (YHOO) may go back to News Corp (NWS) for a potential deal if it cannot make progress with Time Warner's (TWX) AOL.

The Wall Street Journal reports that Freddie Mac (FRE) may try to raise $10 billion..

The Wall Street Journal writes that AMD's (AMD) CEO was replace after several quarters of bad results. The company also said it lost $1.2 billion in the last quarter.

The Wall Street Journal reports that Starbucks (SBUX) sent out the list of the 600 stores it would close.

The Wall Street Journal writes that the EU brought anti-trust charges against Intel (INTC).

The Wall Street Journal reports that Wachovia (WB) has been hit by a auction rate probe.

The FT reports that the IMF says emerging economies must make the fight against inflation their "top
priority."

Douglas A. McIntyre