Media Digest 12/4/2007 Reuters, WSJ, NYTimes, FT, Barron's

According to Reuters, the Henry Paulson said that a plan would be ready this week to spare some homeowners from mortgage resets.

Reuters writes that November auto sales were weak with GM’s (GM) sales dropping 11%.

Reuters reports that the chief technology officer has left Motorola (MOT)

Reuters writes that the CEO of Countrywide (CFC) does not see the mortgage company going bankrupt.

The Wall Street Journal writes that Yahoo Japan and Ebay (EBAY) will link up to create an auction sit in Japan.

The Wall Street Joural writes that Chinese car maker Chery is preparing to compete with global car makers outside its home market.

The Wall Street Journal writes that Thomson may be buying Reuters (RTRSY) at the peak of its profit cycle.

The Wall Street Journal writes that GM (GM) will cut its 2008 production due to falling demand.

The New York Times writes that Genentech’s (DNA) drug Avastin did not help women with breast cancer live longer but did have negative side effects

The New York Times writes that Nokia (NOK) expects to target handset margins of 20% for next year.

The New York Times reports that top China steelmaker Baosteel is considering a bid for Rio TInto (RTP).

CNN Money writes that Fannie Mae (FNM) could face another $5 billion in writedowns.

Bloomberg writes that Nokia believes that global cell phone sales will grow 10% next year and that there will be 4 billion handset users by 2009.

Barron’s reports that the FTC is likely to approve Google’s (GOOG) purchase of DoubleClick

Douglas A. McIntyre