Media Digest 11/3/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, South Korea launched a major economic stimulus package.

Reuters reports that nearly 1,800 publicly held institutions could apply for U.S. government investments.

Reuters reports that HBOS took an $8.5 billion hit on the value of its portfolio and assets.

Reuters reports that the UAW has hired special consultants to help it decide how to handle a possible GM (GM) merger with Chrysler.

Reuters reports that Societe Generale turned in poor results, but said it would make it through the credit crisis.

Reuters reports that Panasonic says it has made no decision on taking over Sanyo.

Reuters reports that the head of home improvement company Lowe’s (LOW) believes that once the election is over consumer sentiment will improve.

Reuters reports that Microsoft (MSFT) and LG will cooperate on building new mobile technology.

The Wall Street Journal reports that AIG (AIG) risk models built by computers failed the test of the credit crisis.

The Wall Street Journal reports that Toyota (TM) is looking at increasing its effort in the India market.

The Wall Street Journal reports that Boeing (BA) is gearing up production now that its strike is over.

The Wall Street Journal reports that super-rich private investors in the Middle East may begin to put large sums of money into Western banks.

The Wall Street Journal reports that the FDIC is getting tough on banks and threatened at one point to seize Wachovia.

The Wall Street Journal reports that cable will have to continue to carry over-the-air channels.

The Wall Street Journal reports that Ford (F) financial results may raise the issue of whether it can survive.

The Wall Street Journal reports that video game makers are being hit by the recession.

The Wall Street Journal report that the economy may hit Whole Food (WFMI)

The New York Times reports that the US has rejected calls to aid a GM merger with Chrysler.

The New York Times reports that Yahoo! (YHOO) News will treat election night as a special way to improve traffic.

The New York Times reports that prices for large screen TVs may drop, but that may not draw consumers.

The FT reports that the Yahoo! sales deal with Google (GOOG) is likely to fail.

The FT reports that pressure is mounting for rate cuts by the UK and EU.

The FT reports that large energy companies are having trouble getting financing.

The FT reports that Wal-Mart (WMT) will take advantage of several opportunities driven by the recession.

Bloomberg writes that KKR will delay its IPO until 2009.

Douglas A. McIntyre