Media Digest (10/8/2012) Reuters, WSJ, NYT, FT, Bloomberg

The World Bank cuts forecasts for East Asian gross domestic product and warns on China’s growth. (Reuters)

BAE’s largest shareholder disapproves of a merger with EADS. (Reuters)

The idea of a single European budget gains ground with finance ministers. (Reuters)

HSBC’s China PMI moves up to 54.3 in September, a sign the manufacturing trouble has not deepened. (Reuters)

Japanese car companies will cut Chinese production by half. (Nikkei)

China’s Huawei is a security threat to the United States, according to a committee of Congress. (WSJ)

Foxconn says there have been two disputes among employees who build parts for the Apple Inc. (NASDAQ: AAPL) iPhone. (WSJ)

Honda Motor Co. Ltd. (NYSE: HMC) recalls 489,000 CR-V crossovers because of a fire hazard. (WSJ)

President François Hollande may face trouble in the French parliament as it votes on austerity measures. (WSJ)

Investment banks begin to work for General Motor Co.’s (NYSE: GM) business now that it is well out of Chapter 11. (WSJ)

Earnings at smartphone firm HTC fall below expectations. (NYT)

Google Inc.’s (NASDAQ: GOOG) YouTube continues to add more vertical channels. (NYT)

An FT-Brookings survey shows the global economy is in trouble. (FT)

U.S. earnings are likely to drop after 11 quarters of gains. (FT)

Google will offer low-interest loans to some of its search advertisers. (FT)

European finance ministers will search for ways to solve Spain’s problems as they gather. (Bloomberg)

The International Monetary Fund is set to lower growth forecasts for Asian, joining the World Bank’s action. (Bloomberg)

Douglas A. McIntyre