Medai Digest 10/3/2007

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According to Reuters, Verizon (VZ) is launching three new phones for the holidays, One will compete directly with the Apple (AAPL) iPhone.

Reuters writes that Microsoft (MSFT) is releasing a new version of its Zune to compete with the Apple (AAPL) iPod.

Reuters reports that Google (GOOG) is upgrading its e-mail to appeal to large companies

Reuters writes that Toyota’s (TM) production is above budget as sales in overseas markets stay strong.

The Wall Street Journal writes that Wal-Mart (WMT) is struggling to redefine its down-market image.

The Wall Street Journal writes that Countrywide (CFC) has launched a PR campaign to help improve its public image.

The Wall Street Journal writes that SLM (SLM) rejected a lower offer from private equity interests.

The New York Times writes that Altria (MO) is testing smokeless tobacco as an alternative to cigarettes.

The FT writes that the head of Citigroup (C) is waiting results of a study of why the bank had big losses. Some key management figures could be fired.

Barrons writes that Morgan Stanley has started Intel (INTC) and AMD (AMD) at "underweight".

Douglas A. McIntyre