Media Digest 4/1/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

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According to Reuters, US car sales for March are likely to be off sharply.

Reuters writes that Microsoft (MSFT) will not raise its bid for Yahoo!  (YHOO)

Reuters reports that UBS (UBS) will take a write-down of $19 billion on U.S. real estate and related assets and have a large loss in Q1.

Reuters writes that Wal-Mart will offer its own private lable brand of coffee.

Reuters reprots that Lehman Brothers (LEH) will raise $3 million.

The Wall Street Jounal writes that the chairman of UBS will leave and the bank will raise  to $12 billion.

The Wall Street Journal writes that Deutsche Bank (DB) will write-off almost $4 billion

The Wall Street Journal writes that US farmer will plant less corn

The Wall Street Journal writes that Schering-Plough (SGP) and Merck (MRK) are defending the effectiveness of a cholesterol drug which the FDA panel says does not work well.

The Wall Street Journal says IBM (IBM) was suspended from new federal work.

The Wall Street Journal writes that the market in credit-default swap has gotten huge but is largely unregulated.

The Wall Street Journal writes that Dell (DELL) will close on of its large plants.

The New York Times writes that banks are trying to get courts to dismiss claims that they must fund a buy-out of Clear Channel (CCU).

The FT writes that hedge funds had one of their worst quarters ever.

Bloomberg writes that the NYC real-estate market is slowing due to trouble on Wall St.

Douglas A. McIntyre