Media Digest 11/7/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

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According to Reuters, the government is set to announced the country’s tenth straight month of jobs losses.

Reuters reports that Chrysler is burning through it cash quickly and the company may have to be broken up.

Reuters reports that GM (GM) and Ford (F) investors are preparing for steep losses.

Reuters reports that the IMF warned of a deepening recession in developed countries.

Reuters reports that South Korea cut interest rates again.

Reuters reports that Microsoft (MSFT) says it is not interested in a new offer for Yahoo! (YHOO).

Reuters reports that Panasonic will buy Sanyo.

Reuters reports that Samsung passed Motorola (MOT) as the largest seller of mobile handsets in the US.

Reuters reports that the CEOs of The Big Three are asking for $50 billion in federal aid.

The Wall Street Journal reports that a number of financial firms are disturbed by the lack of clarity about the Treasury’s bailout plan.

The Wall Street Journal reports that hedge funds are selling  billions of dollars in securities, helping to drive the market down further.

The Wall Street Journal reports that AIG (AIG) is under increasing financial pressure and is asking the Fed to ease terms of its $85 billion loan.

The Wall Street Journal reports that Microsoft (MSFT) is trying to steal Google’s (GOOG) mobile search deal with Verizon (VZ).

The Wall Street Journal reports that The Big Three would give the government warrants as part of an aid package.

The Wall Street Journal reports that Disney (DIS) expects a slowdown at its theme parks.

The Wall Street Journal reports that Airbus says it sees a decline in jet orders.

The Wall Street Journal reports that the IEA says oil supply will tighten.

The Wall Street Journal writes that Qualcomm’s (QCOM) forecast for the cellular market was weak.

The Wall Street Journal reports that lending at the Fed’s discount window fell.

The Wall Street Journal reports that cuts in dividend payouts are hurting many long-term investors.

The Wall Street Journal reports that some private equity firms may force investors to put in additional capital.

The Wall Street Journal reports that AT&T (T) bought a WiFi company to increase its wireless footprint.

The New York Times reports that the China economy is slowing more rapidly than almost anyone expected.

The FT reports that debt fears hit shares in the Las Vegas Sands (LVS).

Bloomberg reports that British Airways stock was up over 20% on the company’s improved forecast.

Douglas A. McIntyre