Media Digest 10/2/2007 Reuters, WSJ, NYTimes, FT, Barron’s

October 2, 2007 by Douglas A. McIntyre

According to Reuters, most mutual fund companies side with management on proxy issues.

The Wall Street Journal writes that Ebay (EBAY) is taking a $1.4 billion charge for Skype.

The Wall Street Journal reports that Prudential Financial (PRU) is suing State Street (STT) over losses ascribed to "undisclosed, highly leveraged" investments.

The Wall Street Journal reports that the EU is increasing its investigation of Qualcomm’s (QCOM) licensing charges to cell phone companies.

The Wall Street Journal says that Yahoo! (YHOO) is introducing a new and improved version of its search engine.

The Wall Street Journal writes that, in a move that could help software companies, a US court ruling makes it harder to enforce patents for abstract processes.

The Wall Street Journal writes that the Supreme Court falled to overturn parts of a $145 billion class action suit against several of the tobacco industry’s largest companies.

The Wall Street Journal writes that several internet pioneers are criticizing the way that the internet is set up now and making suggestions about how the system can handle more traffic.

The Wall Street Journal writes that Belo (BLO) is spinning off its newspaper assets.

The New York Times writes that the head of CBSNews.com will leave to become CEO of Huffington Post.

The New York Times writes that FT.com will offer more of its content for free.

Barron’s writes that shares of Kodak (EK) rose on a rumored but-out by HP (HPQ).

Bloomberg writest that Morgan Stanley’s extraordinary efforts have given it 25% of the market in non-government owned IPOs in China.

According to Crain’s Chicago Business, McDonald’s (MCD) will roll out lattes and cappuccinos after its suceess with premium coffee.

Douglas A. McIntyre