Media Digest (10/25/2012) Reuters, WSJ, NY Times, FT

Best Buy Co. Inc. (NYSE: BBY) cuts forecasts. (Reutesr)

Spain will increase the rate at which its helps its regional governments. (Reuters)

The federal government sues Bank of America Corp. (NYSE: BAC) in the amount of $1 billion because of its past mortgage practices. (Reuters)

Microsoft Corp. (NASDAQ: MSFT) needs Windows 8 and the Surface tablet to do well to regain much of its lost momentum in hardware and software. (Reuters)

Sprint-Nextel Corp. (NYSE: S) releases a new 4G LTE plan for tablets. (Reuters)

Eighty CEOs write Congress to complain about the need for action to fix tax rates and the federal deficit. (WSJ)

Zynga Inc. (NASDAQ: ZNGA) sets a partnership to move into mainstream gambling. (WSJ)

Credit Suisse Group A.G. (NYSE: CS) will cut costs again as profits fall. (WSJ)

U.S. Airways Group Inc. (NYSE: LCC) and Delta Air Lines Inc. (NYSE: DAL) give optimistic forecasts. (WSJ)

Charles Scharf, formerly of J.P. Morgan Chase & Co. (NYSE: JPM), will take over as head of Visa Inc. (NYSE: V). (WSJ)

European Central Bank President Mario Draghi tells the German parliament that his planned bond-buying actions are critical to the financial recovery of the region. (WSJ)

More car companies in Europe cut earnings estimates. (WSJ)

The growth of AT&T Inc.'s (NYSE: T) wireless operation slows down. (WSJ)

The Illinois State Budget Crisis Task Force reports that state funds have been misused, with the result being poor public services. (NYT)

Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) says his firm is prepared to pay as much at $20 billion for a new acquisition. (FT)

Boeing (NYSE: BA) raises its earnings outlook on commercial plane orders. (FT)

Douglas A. McIntyre

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: BA, BAC, BBY, BRK-A, CS, DAL, JPM, LCC, MSFT, S, T, V, ZNGA