Media Digest 3/3/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

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According to Reuters, the NABE semiannual Economic Policy Survey show that the subprime crisis and heavy debt are still the biggest threats to the economy.

Reuters writes that Microsoft (MSFT) will expand its web-based services for business.

Reuters reports that Boeing (BA) shareholders will be looking at how much the loss of a tanker project will hurt revenue.

Reuters reports that United Technologies (UTX) has made a bid for Diebold.

Reuters writes that China is seeing limited hits to its exports from subprime problems.

The Wall Street Journal writes that E*Trade (ETFC) is hiring a former JP Morgan (JPM) executive as CEO, a move that may head to a sale of the company.

The Wall Street Journal reports that US commercial real estate values are starting to fall.

The Wall Street Journal writes that Americans are starting to use less gasoline as prices rise.

The Wall Street Journal writes that TV is seeing a strong ad sales season.

The Wall Street Journal reports that Countrywide’s (CFC) mortgage problems continue to deepen.

The Wall Street Journal writes that Intel (INTC) will begin to build ultra-small chips.

The New York Times writes that cities and states are starting to complain that their debt gets credit ratings which are too low.

The New York Times writes that a Hollywood talent agency, a VC firm and AT&T (T) will start to invest in start-ups.

The New York Times writes that Sears (SHLD) is joining with Hearst for a big marketing push to improve the retailer’s image.

The FT writes that investors are beginning to make heavy bets on commodities.

The FT reports that there is growing criticism of the military’s decision to give a tanker contract to a group that includes French company EADS.

Bloomberg writes that HSBC (HBC) posted strong profits despite large write-downs for its US mortgage business which were more that offset by its business in Asia.

Douglas A. McIntrye