Media Digest 11/6/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

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According to Reuters, Europe prepared rate cuts as the economy their worsened.

Reuters reports that the administration cleared the way for the car companies to get access to $25 billion in loans, but Detroit says it needs more.

Reuters reports that Toyota (TM) cut forecasts and worldwide consumer demand weakened.

Reuters writes that Molson Coor’s took an interest in Foster’s.

Reuters writes that the weak euro is hurting China’s exporters.

Reuters reports that the head of Yahoo! (YHOO) said a deal with Microsoft (MSFT) is still his company’s best option.

Reuters writes that Cisco (CSCO) sees revenue falling due to a tough economy.

The Wall Street Journal reports that the huge US debt could tie Obama’s hands for introducing new programs

The Wall Street Journal reports that Treasury is looking at new way to apply its $700 billion bailout fund.

The Wall Street Journal reports that Google (GOOG) killed a partnership with Yahoo! (YHOO).

The Wall Street Journal reports that Boeing (BA) will delay the launch of its 787, again.

The Wall Street Journal reports that Glaxo (GSK) will cut 1,800 jobs.

The Wall Street Journal reports that Fuld will leave Lehman by the end of the year.

The Wall Street Journal reports that the part of the bond market tied to consumer credit is troubled and shows no sign of improving.

The Wall Street Journal reports that  Wells Fargo (WFC) has set a stock offering.

The Wall Street Journal reports that election sites like Politico and Huffington are trying to find ways to keep their audiences.

The Wall Street Journal reports that Whole Foods (WFMI) got an infusion of capital.

The Wall Street Journal reports that AMD (AMD) will cut its work force by 3%.

The Wall Street Journal reports that Sarah Lee (SLE) posted improved results on higher prices.

The Wall Street Journal reports that GMAC had a large loss and will cut the number of car loans it makes.

The Wall Street Journal reports that Activision (ATVI) is still upbeat on sales.

The Wall Street Journal reports that News Corp (NWS) downgraded its forecast.

The Wall Street Journal reports that net income at Time Warner (TWX) was flat.

The Wall Street Journal reports that results improved at Ralph Lauren (RL).

The New York Times reports that this holiday is made to order for Wal-Mart (WMT).

The New York Times reports that auto and steel companies are asking Pelosi for help.

The New York Times reports that Wall St pay is expected to plummet.

The New York Times reports that the US does not support a global crisis regulator.

The New York Times reports that IBM (IBM) says more efficient technology could help an economic recovery.

Bloomberg reports that Citigroup (C) and Goldman Sachs (GS) have cut 12,000 jobs as part of their cost reduction programs.

Douglas A. McIntyre