Media Digest (11/3/2010) Reuters, NYT, FT, WSJ, Bloomberg

The Republicans took control of the House but not the Senate.

Solar panel maker Solyndra was forced to halt expansion, to some extent because of Chinese competition. (NYT)

Cotton prices will cause clothing retail costs to rise. (NYT)

Japanese car parts companies have begun to retool for the dawn of electronic vehicles. (NYT)

The Federal Reserve is about to launch a risky program involving the purchase of hundreds of billions of dollars in bonds to improve the economy. (Reuters)

The SEC may ban unfettered access to the markets by brokers. (Reuters)

The World Bank raised its forecasts for China GDP and said inflation may be muted. (Reuters)

Toxic chemicals were found deep at the BP plc (NYSE: BP) spill site.

T-mobile said that plans by its larger rivals to create 4G are expensive and may create a poor experience for customers. (Reuters)

GM will not have to pay $45 billion in taxes as it begins to make money. (WSJ)

BP is likely to pay  small dividend and become more aggressive in exploration. (WSJ)

Facebook promised to Washington that it will increase efforts to improve privacy. (WSJ)

Booz & Co said research expenditures at major companies has fallen. (WSJ)

Ford Motor (NYSE: F) expects industry sales to move higher. (WSJ)

Profits at Wynn Macau soared. (WSJ)

Oracle (NASDAQ: ORCL) lashed out at SAP (NYSE: SAP) at the opening of  a trial over theft of trade secrets. (WSJ)

Canadian lumber mills have begun production to supply more products to China. (WSJ)

Microsoft’s (NASDAQ: MSFT) Kinect product for its Xbox 360 will be critical to the software company’s expansion in the gaming industry. (WSJ)

Dell (NASDAQ: DELL) will buy enterprise software company Boomie. (WSJ)

Real estate investors are moving bets to “core” funds with low leverage, well-leased buildings and stable returns.

Borrowing costs for Irish and Greek debt rose. (WSJ)

The CFTC began a investigation of natural gas trades. (WSJ)

The markets have begun to prepare for Federal Reserve programs. (FT)

US banks have begun to hire move foreclosure specialists. (FT)

Business hopes to use the Republican base to block Obama initiatives. (Bloomberg)

BP will continue risky deepwater drilling in the Gulf of Mexico and off Brazil (Bloomberg)

Lockheed and Northrop may turn to China markets as US defense spending drops. (Bloomberg)

Airbus will gain market share from Boeing (NYSE: BA) in China with an order for 100 planes.

Douglas A. McIntyre