Media Digest 1/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

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According to Reuters, Microsoft (MSFT) Windows 7 is "on schedule" and will begin testing with consumers.

Reuters reports that Obama will lay out his case for stimulus package in a speech.

Reuters reports that a new survey shows that job loss is the No.1 global concern.

Reuters reports that Citigroup (C) and senators are in talks about mortgage legislation.

Reuters writes that profits warnings and job cuts are signaling a faster slowdown.

Reuters reports that Costco (COST) sales-store sales fell 2% last month.

Reuters reports that Macy’s (M) will close 10 stores.

Reuters reports that PC company Lenovo warned of a loss.

Reuters reports that Yahoo! (YHOO) named its partners in a web TV push.

Reuters reports that the CEO of Sony-Ericsson sees a tough 2009.

Reuters reports that Wells Fargo (WFC) sees job cuts after the Wachovia merger.

Reuters reports that HSBC (HBC) said US stocks were a good bet in 2009.

The Wall Street Journal reports that a scandal at Satyam Computer Services Ltd has shaken the Indian business community.

The Wall Street Journal reports that the commercial real estate market is suffering.

The Wall Street Journal reports that Microsoft won key search deal with Dell (DELL) and Verizon (VZ).

The Wall Street Journal reports that Paulson said the structure of Fannie Mae (FNM) and Freddie Mac (FRE) need to be redone.

The Wall Street Journal reports that Intel (INTC) cut is forecasts again.

The Wall Street Journal reports that MGM Mirage (MGM) will limit new projects.

The Wall Street Journal says Time Warner (TWX) sees a loss in 2008.

The Wall Street Journal reports that the SEC is looking into allegations of insider trading of Microsoft shares at Pequot Capital.

The Wall Street Journal reports that China is assessing the best path for its banks during the downturn.

The Wall Street Journal writes that the drop in the stock market has hurt confidence in 401(K)s.

The Wall Street Journal reports the December retail sales excluding Wal-Mart (WMT) probably fell over 6%.

The Wall Street Journal reports that FDIC chief Blair will stay in her job.

The Wall Street Journal reports that it is becoming cleaerr that cable faces challenges from telcos.

The Wall Street Journal reports that this is the period when many companies will write-down assets.

The Wall Street Journal reports that retailers are still cutting prices.

The Wall Street Journal reports that GM (GM) is facing a deadline for its cost cutting program.

The Wall Street Journal reports that China is losing its taste for US debt.

The New York Times reports that economists now believe that the Congress should spend what it takes to help the economy.

The New York Times reports that there are signs of a rapid slowdown in Europe.

The FT reports that the US deficit is heading for a post-war record.

Bloomberg reports that the Bank of England may cut rates to a record low.

Bloomberg reports that Wyeth is trying to buy Crucell for $1.35 billion.

Douglas A. McIntyre