MAJOR PAPERS:

• Bear Stearns Companies Inc (NYSE: BSC) will reinforce the risk controls in its money management unit following the meltdown of two of its internal hedge funds tied to subprime loans, reported the Wall Street Journal.
• According to the Wall Street Journal, Nokia Siemens Networks, a joint venture between Nokia Corporation (NYSE: NOK) and Siemens AG (NYSE: SI), will invest about $100M in India over the next three years.
• Consumers are going to buy many more large liquid crystal display, or LCD, flat screen TVs than large plasma flat screen TVs, reported the Financial Times.

• News Corporation (NYSE: NWS) has acquired two weekly newspapers in the Bronx, The Bronx Times and The Bronx Times Reporter, reported the New York Times.
• Google Inc (NADSAQ: GOOG) has announced the acquisition of start-up company GrandCentral Communications on its official blog website, Google.Blogspot.com.

Newspaper wrap-up 7-03-07: News Corp buys two papers originally appeared on BloggingStocks on Tue, 03 Jul 2007 09:10:00 EST. Please see our terms for use of feeds.