Media Digest 10/8/2007 Reuters, WSJ, NYTimes, FT, Barron’s

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According to Reuters, Morgan Stanley (MS) plans to start a wealth management business in India.

Reuters writes that Alan Greenspan said that US economic growth is slowing.

Reuters writes that SAP (SAP) is buying Business Objects (BOBJ).

Reuters writes that Citigroup (C) may loan Norther Rock money to remain independent.

The Wall Street Journal writes that the FDA is warning that drugs from Bristol-Myers (BMY) and GE (GE) for use in heart ultrasounds can cause risks.

The Wall Street Journal writes that IBM (IBM) and Google (GOOG) will begin to fund college work on projects that allow computers in remote data centers to run parallel .

The New York Times writes that Toyota (TM) is creating video games as a form of marketing.

The FT writes that Bank of American (BAC) and JP Morgan (JPM) could have $3 billion in write-offs for the third quarter.

Douglas A. McIntyre