Media Digest 11/5/2008 Obama Wins, Reuters, WSJ, NYTimes, FT, Reuters

According to Reuters, Obama won the race for US president

Reuters reports that stock index futures were steady after the Obama win.

Reuters reports that MasterCard (MA) said US consumer spending was hit by the credit crisis.

Reuters reports that private equity firm Carlyle warned of weak returns.

Reuters reports that some analysts expect the Yahoo! (YHOO) sales deal with Google (GOOG) to fail.

Reuters reports that GM (GM) and Ford (F) investors are getting ready for huge losses.

The Wall Street Journal writes that the benchmark yield curve in major government bond markets has steepened significantly, signaling a long road to economic recovery."

The Wall Street Journal reports that online advertising is expected to slow.

The Wall Street Journal reports that Boeing (BA) will delay the launch of its Dreamliner due to improperly installed fasteners.

The Wall Street Journal reports that luxury sales are falling sharply.

The Wall Street Journal reports that Dell (DELL) is planning more expense cuts.

The Wall Street Journal reports that ADM (ADM) will aggressively enter the ethanol market outside the US.

The Wall Street Journal reports that Nokia (NOK) plans more restructuring.

The Wall Street Journal writes that "the FCC approved two wireless mergers: Verizon Wireless’s (VZ)(VOD) purchase of Alltel, and Sprint Nextel’s (S) merger with Clearwire (CLWR)."

The Wall Street Journal reports that a "rally fever" pushed US stocks to a one-month high.

The Wall Street Journal reports that UBS (UBS) will have more losses in Q4 due to large write-offs.

The Wall Street Journal writes that reports of poor earnings at Viacom (VIA) make spread to Time Warner (TWX) and Disney (DIS).

The Wall Street Journal reports that Blackstone will be hurt by its buyout of Hilton.

The Wall Street Journal reports that China car sales growth seems to be flattening.

The Wall Street Journal reports that the FCC is opening an investigation into cable TV pricing.

The New York Times reports that the FCC opened up radio spectrum in the hope of improving government internet access.

The New York Times reports that Wall St. risk models failed to keep up with the growth in complex securities.

The New York Times reports that factory orders fell more than expected in September.

The New York Times reports that financial troubles and the rising cost of corn are hurting ethanol companies in the US.

The New York Times reports that US News, now weekly, will become a monthly magazine.

Douglas A. McIntyre