Media Digest (10/3/2012) Reuters, WSJ, NYT, FT, Bloomberg


The founder of Best Buy Co. Inc. (NYSE: BBY) is well along with an $11 billion buyout plan. (Reuters)

As some companies leave Spain, the nation's tax base falls. (Reuters)

China's services purchasing managers index drops near a two-year low. (Reuters)

Hewlett-Packard Co.'s (NYSE: HPQ) printer business is so successful it will give the company time for the current turnaround. (Reuters)

Freddie Mac's plan to finance people who want to buy foreclosed homes falters. (WSJ)

Deutsche Telekom A.G. (NYSE: DT) says its T-Mobile business may buy MetroPCS Communications Inc. (NYSE: PCS). (WSJ)

The Organization for Economic Cooperation and Development says inflation rose in many of its member nations, which could mean central banks will adjust their programs. (WSJ)

Spain's labor ministry says unemployment rose 1.7% in September. (WSJ)

Google Inc.'s (NASDAQ: GOOG) Motorola Mobility pulls a patent claim filed against Apple Inc. (NASDAQ: AAPL) at the ITC. (WSJ)

General Electric Co. (NYSE: GE) to call for inspections of jet engines used on some Boeing Co. (NYSE: BA) planes. (WSJ)

The FCC asks for comments about a takeover of Sirius XM Radio Inc. (NASDAQ: SIRI) by Liberty Media Corp. (NASDAQ: LMCA). (WSJ)

Slow growth in China hits commodities prices. (WSJ)

An EU commission wants large Europe banks to break off trading operations from deposit-based ones. (WSJ)

U.S. auto sales reach their highest rate in four years in September. (NYT)

Petrobras will sell $6 billion of assets based in the Gulf of Mexico. (FT)

A T-Mobile buyout of MetroPCS would hurt the prospects of Sprint Nextel Corp. (NYSE: S). (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, BA, BBY, DT, GE, GOOG, HPQ, LMCA, PCS, S, SIRI