Media Digest 9/3/2007 Reuters, WSJ, NYTime, FT, Barron’s

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According to Reuters, HSBC (HBC) bought 51% of  Korea Exchange Bank $6.3 billion.

Reuters writes GE (GE) bought buy British oilfield services firm Sondex for $583 million.

Reuters reports that oil moved above $74 a barrel as OPEC kept output flat.

The Wall Stree Journal reports that Nasdaq (NDAQ) has given bidders until Friday to make offers on its 31% stake in the London Stock Exchange.

The Wall Street Journal writes that a new study suggests that heart stents may not increase clotting, good news for Boston Scientifc (BSX) and Johnson & Johnson (JNJ).

The New York Times writes that Microsoft (MSFT) will offer software to connect its Windows program with software served over the internet.

The New York Times writes that Bloomberg TV is preparing to compete with CNBC.

The FT writes that a new survey shows that the fragmented movie download business adopted by the film industry is confusing comsumers.

Barron’s writes that shares in Cree (CREE) jumped on takeover speculation.

Douglas A. McIntyre