Media Digest 11/4/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Opel must now arrange for GM’s unexpected ownership

Reuters:   The Fed will probably keep its “easy money” program.

Reuters:   Toyota (NYSE:TM) will pull out of Formula 1 racing.

Reuters:   The IEA will cut its long-term oil demand outlook.

Reuters:   Berkshire Hathaway (NYSE:BRK.A) bought Burlington Northern (NYSE:BNI) in the biggest deal in its history

Reuters:   A new poll shows China is America’s key global relationship but also a foe.

Reuters:   Kraft (NYSE:KFT) says it will not overpay for Cadbury as the US firm missed revenue forecasts.

Reuters:   The US is focusing on the size of big financial firms.

WSJ:   The World Bank and IMF are cautioning the all the capital being put into markets by governments and central banks is forming new bubbles in real estate, stocks, and currency markets especially in Asia.

WSJ:   The Obama Administration’s estimates of jobs created by the stimulus could be overstated by 20,000.

WSJ:   Retailers are optimistic about October sales.

WSJ:   China is backing a Disney (NYSE:DIS) theme park in Shanghai.

WSJ:   Morgan Stanley (NYSE:MS) will sell its stake in CICC which will allow it to expand further in China.

WSJ:   A dispute between eBay’s (NASDAQ:EBAY) Skype and its founders is coming to an end.

WSJ:   Cisco (NASDAQ:CSCO) and EMC (NYSE:EMC) formed a data center venture.

WSJ:   AT&T (NYSE:T) is suing Verizon (NYSE:VZ) over TV ads which it claims make false statements about its network

WSJ:   Investors wonder if Cisco (NASDAQ:CSCO) has any positive news left.

WSJ:   A BP (NYSE:BP) consortium with China signed a deal to drill in Iraq.

WSJ:   J&J (NYSE:JNJ) plans to cut 8,200 jobs.

WSJ:   Natural gas production is rising despite falling prices.

WSJ:   Jeep sales outside the US will be key to Chrysler’s turnaround.

WSJ:   Yahoo! (NASDAQ:YHOO) is planning to add timelier search results.

WSJ:   Electronic Arts (NYSE:EA) will move into e-book publishing.

WSJ:   Newspaper publishers are running out of costs to cut.

NYT:   A deal with the Pentagon has increased jobs at Oshkosh

NYT:   A House bill would assure workers sick days.

NYT:   The EU lifted its growth forecasts for 2010.

FT:   The Senate may take up a bill to cut the number of US bank regulators to one from four rolling up the Office of Thrift Supervision,  the Office of the Comptroller of the Currency, the FDIC, and  the Fed.

FT:   Oracle (NASDAQ:ORCL) is ready for an EU challenge to its Sun (NASDAQ:JAVA) deal.

Douglas A. McIntyre