Media Digest 10/10/2007 Reuters, WSJ, NYTimes, FT, Barron's

Douglas A. McIntyre

According to Reuters, economists cut forecasts for US growth for the third month in a row.

Reuters writes that IBM (IBM) and Second Life will work on ways to eventually let people use the a single online persona in different online services.

Reuters writes that Starbucks (SBUX) recalled 250,000 plastic children’s cups.

The Wall Street Journal reports that foreign car companies are building plants in areas where the UAW cannot get a foothold.

The Wall Street Journal also reports that banks could be stuck with hundreds of billions of dollars in LBO loans.

The Wall Street Journal writes that China is taking aim at the quality of some US products.

The Wall Street Journal writes that Home Depot (HD) will test stores geared toward women.

The New York Times said that there have been large protests against foreign stores in India.

The New York Times writes that Wal-Mart (WMT) fights local taxes in many of the locations where it has stores.

The FT writes that Toyota (TM) is missing its targets for car sales in Japan.

The FT reports that the SEC feels that disclosure on executive pay is still often inadequate.

CNNMoney writes that home heating bills will rise shaprly this summer.

Bloomberg reports that CostCo (COST) profits rose almost 5%, lead by sales of flat screen TVs.