Media Digest (10/30/2012) Reuters, WSJ, NYT, FT, Bloomberg

China will try to build its own jet engines. (Reuters)

UBS A.G. (NYSE: UBS) will cut 10,000 fixed-income jobs. (Reuters)

Nokia Corp. (NYSE: NOK) says it will ship new Lumia smartphones this week. (Reuters)

JDA Software Group Inc. (NASDAQ: JDAS) is for sale. (Reuters)

Losses from Hurricane Sandy could reach $10 billion to $20 billion, according to EQECAT. (WSJ)

The People’s Bank of China puts a record amount of capital into the financial system as commercial banks use funds to build reserves. (WSJ)

Cerberus Capital may make a $5 billion bid for SuperValu Inc. (NYSE: SVU). (WSJ)

India posts new deficit targets. (WSJ)

Hewlett-Packard Co. (NYSE: HPQ) will release new printers as part of the firm’s turnaround plan. (WSJ)

Chrysler’s profits rise 80%. (WSJ)

Microsoft Corp. (NASDAQ: MSFT) releases a new version of Windows for mobile devices. (WSJ)

Google Inc. (NASDAQ: GOOG) releases its Nexus 10 personal computer, which will be priced at $399. (WSJ)

The fiscal cliff could hurt an American car industry with improving U.S. sales. (WSJ)

Spain’s new “bad bank” will continue to buy troubled assets from financial firms. (WSJ)

Random House and Penguin will merge but face antitrust hurdles. (NYT)

Retailers are trying to stock after-storm supplies to offset lost sales. (NYT)

Italy and Spain defer any use of the European Central Bank bond-buying plan. (NYT)

The Bank of Japan eases for a second month. (FT)

Nissan says its sales in China fell sharply. (FT)

BP PLC (NYSE: BP) posts improved third-quarter profits and raises its dividend. (Bloomberg)

Profits at Deutsche Bank A.G. (NYSE: DB) rise. (Bloomberg)

Douglas A. McIntyre