Media Digest 11/4/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

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According to Reuters, Australia cut key interest rates.

Reuters reports that a large Goldman Sachs (GS) fund lost $1 billion in the first ten months of the year.

Reuters writes that the Treasury is considering buying stakes in financial firms beyond banks and brokerages.

Reuters writes that auto sales hit a 25-year low.

Reuters reports that Yahoo! (YHOO) and Google (GOOG) have submitted a revised deal for a joint sales venture to the Justice Department.

Reuters writes that Honda (HMC) has decided against offering zero percent financing in the US.

Reuters writes that Panasonic’s shares were up on the chance it will buy Sanyo.

Reuters reports that MasterCard (MA) shares were up on strong earnings.

Reuters reports that net income was down 37% at Viacom (VIA).

The Wall Street Journal writes that the White House and FDIC are at odds over details of a mortgage rescue plan.

The Wall Street Journal reports that UBS (UBS) swung to a profit.

The Wall Street Journal reports that private equity firms are having problems getting capital from pensions.

The Wall Street Journal reports that the Intel Core i7 has received good early reviews.

The Wall Street Journal writes that "pain in the market for convertible bonds is crippling big hedge funds."

The Wall Street Journal reports that investors are awaiting results from Oracle (ORCL) to determine the direction of the tech market.

The Wall Street Journal reports that Lenovo is expanding around the world, but financial results are not good.

The New York Times writes that Commerzbank is trying to get over $10 billion in bailout money from the German government.

The New York Times reports that a survey of banks shows credit is getting even tighter.

The New York Times reports that the FCC will vote on whether to make a portion of the radio spectrum available for public use.

The FT says Wall St. executives insist aid money will not go toward bonuses.

The FT reports that Blue Mountain Capital Management is suspending withdrawals from one of its funds.

Bloomberg writes that BWW abandoned its financial forecasts after reporting a tough Q3.

Bloomberg writes that JP Morgan (JPM) CEO Dimon sees no recovery in the financial system until 2010.

Douglas A. McIntyre