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Molecular spintronics is made possible by the coupling between electronic configuration and magnetic po- larization of the molecules. For control and application of the individual molecular states it is necessary to both read and write their spin states. Conventionally, this is achieved by means of external magnetic fields or ferromagnetic contacts, which may change the intentional spin state and may present additional challenges when downsizing devices. First, we predict that coupling magnetic molecules together opens up possibilities for all electrical control of both the molecular spin states as well as the current flow through the system. Tuning between the regimes of ferromagnetic and anti-ferromagnetic exchange interaction, the current can be, at least, an order of magnitude enhanced or reduced. The effect is susceptible to the tunnel coupling and molecular level alignment which can be used to achieve current rectification. Second, we address the electronically induced anisotropy field acting on a spin moment comprised in a vibrating magnetic molecule located in the junction between ferromagnetic metals. Under weak coupling between the electrons and molecular vibrations, the nature of the anisotropy can be changed from favoring a high spin (easy axis) magnetic moment to a low spin (easy plane) by applying a temperature difference or a voltage bias across the junction. For unequal spin-polarizations in the ferromagnetic metals it is shown that the character of the anisotropy is essentially determined by the properties of the weaker ferromagnet. By increasing the temperature in this metal, or introducing a voltage bias, its influence can be suppressed such that the dominant contribution to the anisotropy is interchanged to the stronger ferromagnet. With increasing coupling strength between the molecular vibrations and the electrons, the nature of the anisotropy is locked into favoring easy plane magnetism.
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