News Digest 10/22/2007 Reuters, WSJ, NYTimes, FT, Barron's

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According to Reuters, Halliburton (HAL) increased its third quarter profit by 19%.

Reuters writes that Wal-Mart (WMT) will buy the part of its Japanese operations that it does not own for $350 million.

The Wall Street Journal writes that KKR and Goldman Sachs will cancel their takeover of Harman (HAR), but make an investment in the company to avoid a lawsuit.

The Wall Street Journal also writes that Sandisk (SNDK) will begin o sell a small storage device so consumers can move video from PC to TV.

The Wall Street Journal reports that AT&T (T) will sell wireless access to Napster’s collection of five million songs. The service will not work with Apple’s (AAPL) iPhone

The Wall Street Journal writes that an ITC judge ruled that Nokia’s (NOK) patent complaint against Qualcomm (QCOM) should he dropped.

The New York Times writes that the FTC has decided not to open a formal antitrust inquiry into Intel’s (INTC) practices.

The New York Times writes that libraries are rejecting offers from Microsoft (MSFT) and Google (GOOG) to move their libraries online.

The New York Times writes that Apple’s (AAPL) Mac sales are surging and the company plans several years of software upgrades to feed the increase.

The NYT says that a new poll indicates Americans are still willing to buy Chinese products.

The FT writes that a number of financiers want transparency into the securities that a new super-fund may be buying so that they do not get artificial pricing.

CNNMoney writes that the UAW deal with Chrysler is in trouble.

Bloomberg writes that sales outside the US allowed GM (GM) to sell more cars worldwide than Toyota (TM) in the first nine months of the year.

Douglas A. McIntrye