Media Digest 6/20/2007 Reuters, WSJ, NYTimes, FT, Barron's

According to Reuters, Microsoft (MSFT) will alter its Vista operating system so that it works better with Google (GOOG) and other companies that have search functions for the desktop.

Reuters writes that Home Depot (HD) has sold its supply unit for $10 billion and will buy-back $22.5 billion shares.

Reuters reports the Nintendo’s market value is getting close to passing Sony’s (SNE) as its Wii and DS games continue to sell extremely well.

The Wall Street Journal writes that Kerkorian’s plan to buy assets from MGM Grand (MGM) may be withdrawn shortly.

The Wall Street Journal writes that Toyota (TM) is cutting back building new plants in the US because the growth of manufacturing is hurting efficiency.

The Wall Street Journal writes that Yahoo! (YHOO) will improve its search software for US mobile phones and announce several alliances in Asia.

The New York Times writes that a court upheld Bristol-Myers (BMY) patent for Plavix, and the company’s stock rose sharply.

FT reports that Expedia (EXPE) has started a $3.5 billion buy-back which will bring in 42% of its shares.

Barron’s reports that investment bank Cowen has cut back its Q2 earnings forecasts for Motorola (MOT)

Douglas A. McIntyre