Media Digest (11/7/2011) Reuters, WSJ, NYTimes

There is concern that the new Greek government will not be stable enough to run the nation. (Reuters)

As finances in Italy deteriorate, concerns grow about the ability of the government to implement austerity plans. (Reuters)

Despite job additions by Macy’s (NYSE: M), Best Buy (NYSE: BBY), Toys ‘R’ Us, and Fedex (NYSE: FDX), holiday hiring will be down. (Reuters)

Concerns are high whether an agreement between Congress and the White House can be reached on a jobs and deficit reduction bill. (Reuters)

Bank of America (NYSE: BAC) may sell more of its stake in China Construction Bank to raise money. (Reuters)

Barnes & Noble (NYSE: BKS) may cut some Nook prices when its releases a new model. (Reuters)

BP’s (NYSE: BP) plan to sell South American assets for $7 billion will not happen. (Reuters)

Men under 25 face the worst jobs market for them in modern history. (WSJ)

EU-based banks are loaded with troubled debt taken on before the EU sovereign debt crisis. (WSJ)

Many union retirement funds are short billions of dollars. (WSJ)

Ford (NYSE: F) to offer free upgrades to its digital dashboard because of concerns about the system. (WSJ)

Airbus has solicited new customers based on the long training period needed for pilots of the Boeing (NYSE: BA) 787. (WSJ)

Investors will watch the rebuilding of Cisco (NASDAQ: CSCO) with special concern after the two years of trouble the company has had. (WSJ)

France to announce a new round of sharp budget reductions. (WSJ)

Germany may cut taxes for low- and middle-income families. (WSJ)

Apple (NASDAQ: AAPL) gives key executives tens of millions of dollars in stock grants. (WSJ)

Some global capital markets investors decide to make risky investments in EU sovereign bonds. (WSJ)

Loans by U.S. banks could become harder to get and the financial prospects of the firms falter. (WSJ)

As issues in Greece begin to be resolved, the eurozone’s focus moves to Italy. (NYT)

NBC has trouble creating successful news shows while CBS (NYSE: CBS) and Disney’s (NYSE: DIS) ABC launch hits. (NYT)

More states begin to use contract workers, which cuts expenses but also the earnings of those workers. (NYT)

Disney and Google’s (NASDAQ: GOOG) YouTube reach a content license agreement. (NYT)

Douglas A. McIntyre