Newspaper wrap-up 7-23-07: Google ready to spend on wireless licenses

MAJOR PAPERS:

If the FCC adopts auction rules that allow open access for users and wireless resellers, Google Inc (NASDAQ: GOOG) is ready to spend a minimum of $4.6B for wireless licenses, reported the Wall Street Journal.
Delayed delivery of 55,000 vehicles at Toyota Motor Corporation (NYSE: TM), due to last weeks earthquake in Japan, wont result in changes of the car maker's production systems, reported the Wall Street Journal.
The Financial Times reported on Friday that Ford Motor Company (NYSE: F) will decide next week whether to proceed with selling Jaguar and Land Rover after receiving a surprise offer for the British luxury carmakers from TPG Capital, the private equity firm, along with several other approaches.

OTHER PAPERS:

The U.K. Times reported that Efficient Capital Structures, the group seeking to push through radical changes at Vodafone Group (NYSE: VOD), has won the backing of a string of leading fund managers, including Jupiter and Invesco Perpetual.
The New York Times reported that there is a flaw in the Apple Inc (NASDAQ: AAPL) iPhone that allows hackers to take over the phone.

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