Media Digest 8/16/2007 Reuters, WSJ, NYTimes, FT, Barron's

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According to Reuters, China Mobile’s (CHL) net rose 28%.

Reuters writes that Amgen (AMGN) will fire 14% of its sales force.

Reuters reports that Hasbro (HAS) will increase inspection of products from China after Mattel (MAT) recalls.

Reuters also reports that Take Two (TTWO) has received a Wells Notice from the SEC.

The Wall Street Journal reports that Kraft (KFT) is working on selling its Post cereals business.

The Wall Street Journal writes that a KKR affilate is delaying paying $5 billion in short term debt.

The WSJ writes that Paul Allen is considering taking Charter (CHTR) private.

The WSJ writes that several reporters have sued HP (HPQ) for spying on their phone calls and records.

The Wall Street Journal writes that Google (GOOG) has begun to market Sun’s (SUNW) StarOffice product.

The New York Times writes that NetFlix (NFLX) is using high-end customer service to compete with Blockbuster (BBI).

The FT writes that the EU will investigate bond rating agencies Moody’s and S&P for poor calls on sub-primce issues.

Batton’s writes that buying EMC (EMC) could be a cheap way to get part of the IPO of one of its divisions VMWare (VMW)

Douglas A. McIntyre