Newspaper wrap-up: Yahoo talks to Time Warner as Microsoft considers its next move

MAJOR PAPERS:

According to people familiar with the situation, the Wall Street Journal reported that Yahoo! Inc (NASDAQ: YHOO) is again talking to Time Warner Inc (NYSE: TWX), this time about taking over AOL, with Time Warner taking a stake in the combined entity. News Corporation (NYSE: NWS) has its eye on any Yahoo moves. Meanwhile, Microsoft Corporation (NASDAQ: MSFT) is considering what its next move against Yahoo might be and is talking to News Corp.
The Wall Street Journal also reported that, as part of the company's plan to cut costs, Tribune Co's Los Angeles Times newspaper may look to cut about 250 jobs, including about 17% of its news staff.
The Financial Times reported that Chrysler, which has been searching for foreign partnerships, signed with China's Great Wall Motor a memorandum of understanding to explore long-term business ties in areas that include technology, distribution and components.

OTHER PAPERS:

According to the Dallas News, AMR Corporation's (NYSE: AMR) American Airlines informed its flight attendants' union that is may lay off 900 flight attendants on August 31.

WEB SITES:

Yonhap reported that LG Electronics will release "Dare," a new touch-screen mobile phone in the U.S. that will compete with Apple Inc's (NASDAQ: AAPL) latest iPhone models.

Tags: AAPL, American Airlines, AmericanAirlines, AMR, AMR Corp, AmrCorp, Apple, Chrysler, Great Wall Motor, GreatWallMotor, iPhone, job cuts, JobCuts, LA Times, LaTimes, layoffs, LG Electronics, LgElectronics, Los Angeles Times, LosAngelesTimes, Microsoft, MSFT, News Corp, NewsCorp, NWS, NWS.A, takeover, Time Warner, TimeWarner, Tribune, Tribune Co, TribuneCo, TWX, Yahoo, YHOO

#	Blogger	Posts
1	Joseph Lazzaro	110
2	Tom Johansmeyer	104
3	Steven Mallas	51
4	Connie Madon	46
5	Tom Taulli	45
6	Steven Halpern	36
7	Trey Thoelcke	36
8	Mark Fightmaster	32
9	Brian White	26
10	Paul Foster	23
11	Jon Ogg	21
12	Brent Archer	21
13	Jim Cramer	20
14	Zac Bissonnette	20
15	Melly Alazraki	19
16	Eric Buscemi	16
17	Michael Fowlkes	16
18	Sam Collins	14
19	Michael Shulman	13
20	Elizabeth Harrow	10

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

Other Weblogs Inc. Network blogs you might be interested in:

Skype soap opera ends as founders set to regain stake ahead of $2B sale Big LBOs are teetering, but Wall Street still planning record bonuses Cerberus prepares gun company IPO	New Twitter features suggest ad-based financial future Cuomo guns for Intel on antitrust Microsoft cuts software as a service prices to match Google Apps
Balloons! Sending out a mystery message on your iPhone Brenthaven: The best computer backpack I've ever seen Is the Magic Mouse a dog?	HTML5 YouTube viewer: close, but not quite there Photoshop.com Mobile now available for Android devices Jailbroken iPhones in Australia getting Rickrolled by a worm
Special Edition 500 Abarth Exclusively for France BMW Updates 2010 R 1200 RT With DOHC Engine, Revised Fairing and ESA II Kate Spade Grosgrain Plisse Priti Tote, Handbag of the Day	New Twitter features suggest ad-based financial future Ancestry.com explores an IPO Cuomo guns for Intel on antitrust