Media Digest 11/2/2007 Reuters, WSJ, NYTimes, FT, Barron's

According to Reuters, Toyota (TM) and GM (GM) gained sales in October despite a weak US car market.

Reuters writes that News Corp’s (NWS) MySpace joined the new Google (GOOG) association of social networks.

Reuters reports that Chyrsler’s lay-off could complicate UAW negotiations with Ford (F)

Reuters writes that CBS (CBS) posted stronger than expected earnings.

The Wall Street Journal writes that Merrill Lynch (MER) set up deals with hedge funds to delay its recent losses, a practice that the SEC may investigate.

The Wall Street Journal writes that Sprint (S) is examining ways to deal with its WiMax unit including spinning it off or merging it with Clearwire (CLWR).

The Wall Street Journal writes that Warner Music (WMG) will withhold allowing its songs to be used on Nokia’s (NOK) new mobile download service.

The Wall Street Journal writes that Starbucks (SBUX) is considering buying Godiva.

The Wall Street Journal writes that profits surged at PC maker Lenovo.

The New York Times writes that China has barred exports by 750 toy makers.

The New York Times writes that sales at Ford (F) dropped for the thirteen month in a row.

The FT writes that the new CEO of Siemens (SI) is ready to slash jobs to improve margins to the level of GE’s (GE).

Barron’s writes that Electronic Arts (ERTS) had strong quarterly earnings.

CNN Money writes that Don Imus will join Citadel Broadcasting’s (NYSE:CDL) radio network next month.

Douglas A. McIntyre