MAJOR PAPERS:

• Under pressure to improve results, AMR Corporation (NYSE: AMR), the parent of American Airlines, will prepay $545M in aircraft debt in the fourth quarter, cutting its annual interest expense by $25M, reported the Wall Street Journal.
• AT&T (NYSE: T) and India's Mahindra Telecommunications Private LTD have jointly applied for a unified access service license in India to provide wireless service, according to the Wall Street Journal.

• The New York Times reported that the tentative contract between General Motors Corporation (NYSE: GM) and the United Auto Workers union would allow GM to close two plants, and possibly shut down several other facilities, according to a copy of the agreement posted on the Internet.

• According to the BetaNews Web site, Microsoft Corporation (NASDAQ: MSFT) will reportedly hold an event today to launch the second generation of its Zune music players.
• Google Inc's (NASDAQ: GOOG) AdSense system that now reportedly allows people in Malaysia to make payments through Western Union Company (NYSE: WU) could become a "quasi bank," according to Bear Stearns analyst Robert Peck, reported CNet.com.

Newspaper wrap-up: GM may close two plants originally appeared on BloggingStocks on Tue, 02 Oct 2007 09:20:00 EST. Please see our terms for use of feeds.