Housing and Construction Stats Improve; Mobius: Emerging Markets Close to Bull Market; Sprint Beats Expectations; Bovespa Hits Seven-Month High;  Buffett Says Wall Street Sold “Sewage”; Liberty Spins Off DirecTV; Airlines Low on Cash; Mexico Lifts Work Ban on Flu Scare

Liberty Media Corp. (LCAPA) will acquire two board seats and as much as 40% of Sirius XM Radio Inc. (SIRI) in exchange for $530 million in loans.  The deal creates a satellite-media juggernaut combining DirectTV Group Inc. (DTV), the largest satellite-TV provider, and the sole U.S. satellite-radio operator.

Gloomy Beige Book Report; Weak August for Autos; Layoffs at GMAC; Fraud Charges for Former Credit Suisse Brokers; Factory Orders Rise; Staples Profit Squeezed; United Technologies Lands $80m Jet Deal; Liberty Spins Off DirectTV