Media Digest 11/14/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

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According to Reuters, concerns about the global economy are growing as the G20 nations are meeting.

Reuters says that Congress challenged banks on how they would use bailout funds.

Reuters reports that companies including Honda (HMC), Home Depot (HD), and Dow Chemical (DOW) want the Fed to buy their commercial paper.

Reuters writes that RBS (RBS) will cut 3,000 jobs.

Reuters writes that EADS raised its financial targets for next year.

Reuters writes that Nissan will cut its Japan output further due to a recession in that country.

Reuters reports that Dow Jones has remained loyal to GM (GM) by keeping it in the DJIA.

Reuters writes that hedge funds see more regulation coming.

Reuters reports that the federal bailout may help the value of asset-backed securities.

Reuters reports that Kohl’s Corp (KSS) and Nordstrom (JWN) cut their financial outlooks.

The Wall Street Journal writes that banks are in a war to get new deposits by raising rates.

The Wall Street Journal reports that Citigroup (C) will make large job cuts and raise rates on its credit cards.

The Wall Street Journal reports that tensions are rising in labor negotiations between Boeing (BA) and the unions that represent white-collar engineers and technical workers.

The Wall Street Journal reports that Wal-Mart (WMT) is defying the retail slowdown.

The Wall Street Journal reports that luxury good makers are cutting US prices.

The Wall Street Journal reports that there are culture clashes in the merger of Bank of America (BAC) and Merrill Lynch (MER)

The Wall Street Journal reports that Microsoft (MSFT) will offer zero percent financing on some business software.

The Wall Street Journal reports that OPEC will try to stop the falling price of oil.

The Wall Street Journal writes that PC makers are scrambling to get more share of a shrinking market.

The Wall Street Journal reports that Sprint (S) will offer some employees buyouts.

The Wall Street Journal reports that Treasury drew fire from Congress for shifting bailout fees away from buying toxic bank assets.

The Wall Street Journal reports that an auto industry bailout bill will probably not pass this year.

The Wall Street Journal reports that mortgage rates are still falling.

The Wall Street Journal reports that Google’s (GOOG) ad model is being hurt because consumers will not even search for products during the recession.

The Wall Street Journal reports that credit rating agencies cut several car suppliers including Dana (DAN) and Magna (MGA).

The Wall Street Journal reports that NBC and Fox will start a pool to gather local news.

The New York Times reports that the FDA detained some Chinese products for testing.

The New York Times reports that Google (GOOG) added search by voice to Apple (AAPL) iPhone software.

The FT reports that Citigroup (C) CEO bought shares in the bank.

Bloomberg said Cerberus said it would give up future profits if the government would bailout Chrysler.

Douglas A. McIntyre