Media Digest 11/10/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, China announced an economic stimulus package of almost $600 billion.

Reuters reports that AIG (AIG) is about to get a new bailout from the US government which will be worth $150 billion.

Reuters writes that gas prices are continuing their sharp decline.

Reuters reports that Citigroup (C) is in talks to buy a regional bank.

Reuters writes that Democrats are still asking Treasury to help US car companies.

Reuters reports that Dell (DELL) will not launch its music player before Christmas.

Reuters writes that GM’s (GM) shares could go lower.

Reuters reports that HSBC (HBC) may cut 600 jobs in Asia.

Reuters reports that US companies should expect more scrutiny under Obama.

The Wall Street Journal reports that Sun (JAVA) is expanding its "open" storage line.

The Wall Street Journal writes that regulators seized two more US banks.

The Wall Street Journal reports that investors are turning their attention from the credit crisis to earnings.

The Wall Street Journal writes that GMAC is insulated from problems at its mortgage Rescap division.

The Wall Street Journal reports that radio companies are facing ad woes.

The Wall Street Journal reports that Intel (INTC) has introduced a product for homebound medical patients.

The Wall Street Journal says Starbucks (SBUX) talks of a bottom in it business has encouraged investors to take another look at its stock.

The Wall Street Journal says Congress will ask hedge fund managers about their pay and influence on the market.

The Wall Street Journal reports that GMAC is trying to get some of its creditors to write off loans.

The Wall Street Journal reports that cholesterol drugs cut heart risk in healthy patients.

The Wall Street Journal reports that investors are concerned that Dell (DELL) is behind competitors in launching new products.

The Wall Street Journal reports that Brocade (BRCD) and Foundry (FRDY) have set lower terms for their merger.

The Wall Street Journal reports that NTT’s (NTT) profits doubled in the second half.

The New York Times reports that Google’s (GOOG) YouTube will put full length MGM films at its site.

The New York Times reports that internet denial of service attacks are increasingly threatening several large websites.

The New York Times reports that Google has set a deal to e-publish out of print books.

The New York Times reports that NRG (NRG) has left the door open after rejecting a takeover bid.

The FT reports that Wall St. may cut a total of 70,000 jobs.

The FT reports that sovereign funds are cooling on rescue financing for financial firms.

The FT writes that DHL’s US arm will cut a large number of jobs.

Bloomberg reports that Anadarko (APC) and Dana (DAN) may become targets for larger oil firms like Exxon (XOM).

Douglas A. McIntyre