Media Digest 7/27/2007 Reuters, WSJ, NYTimes, FT, Barron's

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According to Reuters, Microsoft’s (MSFT) CEO defended the company’s move heyond the desktop.

Reuters writes that Amgen (AMGN) turned in better than expected results as several key drugs did well.

Reuters reports that GAP (GPS) hired a new CEO.

Reuters writes that McDonald’s (MCD) was sued in China for having most of its receipts printed in English.

Reuters reports that the president of Sony (SNE) said there would be no more price cuts for the PS3.

The Wall Street Journal writes that KKR may have to postpone its IPO due to trouble in the private equity markets.

The Wall Street Journal also reports that the European antitrust has sued Intel (INTC) for using illegal tactics to compete with AMD (AMD).

The Wall Street Journal writes that PC maker Lenovo is building plants to the it can more effective compete with HP (HPQ) and Dell (DELL) in India and the US.

The Wall Street Journal writes that McDonald’s (MCD) will open all of its US stores at 5 AM

The New York Times writes that Comcast’s (CMCSA) profits rose 28%

The FT reports that Google (GOOG) will offer free services to Sprint (S) WiMax customers.

Barron’s reports that a number of reserach analsysts believe that Apple’s (AAPL) growth in Macs and iPods will continue.

Douglas A McIntyre