Media
Media Digest 11/21/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
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According to Reuters, Citigroup (C) is weighing options including a sale.
Reuters reports that oil moved to a three-and-a-half year low.
Reuters writes that Fannie Mae (FNM) and Freddie Mac (FRE) are suspending some foreclosures.
Reuters reports that Dell (DELL) says its China sales fell.
Reuters reports that the NYC securities workforce is back to 2005 levels.
Reuters reports that Congressional Democrats insisted that The Big Three offer a survival plan.
The Wall Street Journal reports that Dell (DELL) revenue was light in the most recent quarter.
The Wall Street Journal reports that gas prices are down to almost $2.
The Wall Street Journal reports that Google (GOOG) will allow users to edit search results.
The Wall Street Journal reports that JP Morgan (JPM) cut 3,000 staff.
The Wall Street Journal reports that Disney (DIS) has laid off some of its work force.
The Wall Street Journal reports that GAP (GPS) affirmed its earnings outlook.
The Wall Street Journal reports that stocks fell on concerns about banks.
The Wall Street Journal reports that any government aid for car companies would come with strings attached for the UAW.
The Wall Street Journal reports that investors dumped corporate bonds and moved into Treasuries.
The Wall Street Journal reports that Barclays (BCS) is struggling to complete a funding.
The Wall Street Journal reports that GE (GE) is in talks with Singapore about investing in joint ventures.
The Wall Street Journal reports that demand for electricity is dropping.
The Wall Street Journal reports that directors of troubled companies are quitting.
The Wall Street Journal reports that Airbus is able to get better access to suppliers due to a strike at Boeing.
The Wall Street Journal reports that Verizon (VZ) is putting a large marketing campaign behind the new RIM (RIMM) Blackberry Storm.
The Wall Street Journal reports the The New York Times (NYT) cut its dividend.
The Wall Street Journal reports that Barnes & Noble (BKS) said its store traffic dropped sharply.
The Wall Street Journal reports that the AP will cut 10% of its work force.
The New York Times reports that farmers are in trouble as the price of agricultural commodities falls.
The New York Times reports that DVD sales, critical to Hollywood profits, are dropping.
The FT reports that an FDIC plan to help homeowners is getting support.
Bloomberg reports that job losses in the banking industry could hit 350,000.
Douglas A. McIntyre
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