Media Digest 12/4/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, falling interest rates will not offset unemployment and falling prices to save to housing market.

Reuters reports that GM (GM) and Chrysler are considering bankruptcy to get US funding.

Reuters reports that a collapse of Detroit could hurt Asian rivals by closing dealers and parts companies.

Reuters reports that oil fell below $46, its lowest level in four years.

Reuters reports that Credit Suisse will cut 5,300 jobs after saying it had lost another $2.5 billion.

Reuters reports that Costco’s (COST) November sales fell 3%.

Reuters reports that the Treasury is working on a plan to lower home loan interest rates.

Reuters writes that Citigroup (C) executives are ready to give up their bonuses.

Reuters reports that Philips says it won’t meet targets due to the economy.

Reuters reports that Goldman Sacha (GS) expected the economy to lost 400,000 jobs in November.

Reuters reports that Goldman Sachs has turned down a Panasonic offer for Sanyo.

The Wall Street Journal writes that discounters like Costco and eBay (EBAY) are seeking regulations which would not allow manufacturers to set minimum prices.

The Wall Street Journal reports that Thomas H. Lee is considering closing two hedge funds.

The Wall Street Journal reports that the UAW gave job bank and pension funding relief to The Big Three.

The Wall Street Journal reports that Obama is not getting involved in how the Treasury uses the TARP.

The Wall Street Journal reports that Microsoft (MSFT) will offer a "Window-free" desktop.

The Wall Street Journal writes that Capital One will buy Chevy Chase bank.

The Wall Street Journal reports that Yahoo! (YHOO) is using the CBS (CBS) internet radio network.

The Wall Street Journal reports that JPMorgan (JPM) seized tens of millions of dollars of collateral from a commercial-property debt fund run by Guggenheim Partners.

The Wall Street Journal writes that Neuberger Berman was bought by its own top management.

The Wall Street Journal writes that the collapse in commodities is continuing.

The Wall Street Journal writes that retailers took a big hit on November sales.

The Wall Street Journal reports that online shoppers were luring by big bargains on Cyber-Monday.

The Wall Street Journal reports that the SEC has tightened rules to cut conflicts of interest at rating firms.

The New York Times reports that GM (GM) failed to makeover Saturn.

The New York Times reports that people are rushing to refinance as interest rates fall.

The New York Times reports that the recession is starting to hit India.

The New York Times reports that the Monday sales increase in retail sales is not likely to save the industry.

The New York Times reports that German car makers are trying to avoid layoffs.

The FT says Europe is preparing large rate cuts.

The FT writes that the Goldman Sachs (GS) wealth management operation is being hit by the recession.

The FT reports that a record number of companies are at risk for default.

Bloomberg reports that Bush and Pelosi are at odds over how to fund the auto bailout.

Douglas A. McIntyre