Newspaper wrap-up: IBM to challenge Microsoft

MAJOR PAPERS:

International Business Machines Corporation (NYSE: IBM) is back in office software, taking on Microsoft Corporation (NASDAQ: MSFT) Office, with a free software package called Symphony that can be downloaded, reported the Wall Street Journal (subscription required).
There's no deal yet in the General Motors Corporation (NYSE: GM) and UAW union talks, and negotiations are expected to continue for a few more days, reported the Wall Street Journal.
Confidentiality agreements have been signed by over 12 potential purchasers of Wendy's International (NYSE: WEN), according to the Wall Street Journal.
Moody's Corporation (NYSE: MCO) is considering issuing assessments of how complex financial instruments would behave in a liquidity crisis, which could be issued in addition to traditional ratings, reported the Financial Times (subscription required).

OTHER PAPERS:

The Reserve Bank of India may block Citigroup Inc's (NYSE: C) proposal to buy an additional 3% stake in India's National Stock Exchange, reported the Business Standard.

WEBSITES:

TheStreet.com reported that Apple Inc (NASDAQ: AAPL) will deliver a faster, third-generation version of the iPhone in Q1 of next year, according to sources.
TheStreet.com also reported that Apple is planning to make more iPhones than previously planned in its first quarter ending December 31, according to a source.

Tags: aapl, apple, business standard, BusinessStandard, c, citigroup, financial times, FinancialTimes, ft, general motors, GeneralMotors, gm, ibm, iphone, mco, microsoft, moody's, msft, newspaper, paper, periodical, thestreet.com, wall street journal, WallStreetJournal, wen, wendy's, wsj

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