Media Digest 8/7/2007 Reuters, WSJ, NYTimes, FT, Barron's

According to Reuters, Bear Stearns (BSC) has several potential buyers including JP Morgan (JPM) and Bank of America (BAC)

Reuters writes that a court overturned a patent infringement award won by Alcatel-Lucent (ALU) in a case against Microsoft (MSFT).

The Wall Street Journal writes that tough credit markets could slow share buy-backs by public companies.

The Wall Street Journal also writes that mortgage problems have hit buyers of high-end homes and rates for jumbo loans are increasing.

The Wall Street Journal reports that Microsoft (MSFT) has cut the price of its XBox 360 by $50.

The Wall Street Journal says that the White House passed on reversing a ban on imports of handsets containing Qualcom (QCOM) chips which violate certain patents of rival Broadcom (BRCM).

The Wall Street Journal reports that Ford (F) may have trouble Jaguar and Rover due to emissions standards in the EU.

The WSJ also reports that McDonald’s (MCD) will raise wages in China.

The WSJ reports that the National Music Publishers Association have join a copyright lawsuit against Google’s (GOOG) YouTube.

The WSJ reports that Cisco (CSCO) wants to turn itself into a consumer electronics company like Sony (SNE) and Apple (AAPL).

The Wall Street Journal also writes that Sun (SUNW) is introducing a powerful new chip that it hopes it can sell to other server companies.

The New York Times writes that Pfizer’s (PFE) new AIDs drug has received approval from the FDA.

FT writes that a study predicts that internet ad spending will pass newspapers in 2011.

Barron;s writes that Local.com (LOCM) beat Wall St.’s forecasts in the last quarter.

Douglas A. McIntyre