Media Digest 11/28/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
November 28, 2008 by Douglas A. McIntyreAccoring to Reuters, Japan’s industrial output fell sharply in October.
Reuters reports that stores are courting careful customers this Black Friday.
Reuters report that Panasonic shares fell to a five year low based on its revised forecast.
Reuters reports that hits it profits goals will be a major task.
Reuters reports that ArcelorMittal will cut 9,000 jobs.
The Wall Street Journal reports that the Paulson bailout has been hurt by lack of staff.
The Wall Street Journal reports that OPEC is looking at a fresh round of cuts.
The Wall Street Journal reports that the turnaround at Dell (DELL) is in trouble dur to changes in the global "gadget" business.
The Wall Street Journal reports that cities and states are felling the credit sqeeze.
The Wall Street Journal reports that luxury car sales are in deep decline.
The Wall Street Journal reports that markets in Europe opened flat
The Wall Street Journal reports that a shipping slowdown has hit Nordic banks.
The Wall Street Journal reports that the U.S. Pension Benefit Guaranty said the use of pension funds by the Big Three to pay for restructuring threatens to drain the funds
The New York Times says RBS (RBS) says the the government will take a 58% stake.
The FT reports that GM is looking at selling European assets for 200 million euros.
The FT reports that OPEC is looking for members who cheat on quotas.
The FT reports that the downturn in the Chinese economy accelerated over the past month and could lead to high unemployment and social unrest.
Bloomberg says that Treasuries are heading for their best month since 1981.
Douglas A. McIntyre
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