The drought raises more concerns about food inflation. (Reuters)
The United States asks banks to set up further plans in the event that they collapse. (Reuters)
The U.S. will not prosecute Goldman Sachs Group Inc. (NYSE: GS) over the Abacus deal. (Reuters)
International Business Machines Corp. (NYSE: IBM) approaches Research In Motion Ltd. (NASDAQ: RIMM) about buying its enterprise business. (Reuters)
Yahoo! Inc. (NASDAQ: YHOO) may change plans to return money from the sale of its Alibaba deal to shareholders. (WSJ)
Zynga Inc. (NASDAQ: ZNGA) issues options to all of the firm’s workers. (WSJ)
The U.S. Postal Service loses $5.2 billion in its most recent quarter. (WSJ)
Greek unemployment reaches 23.1%. (WSJ)
Carlyle Group L.P. (NASDAQ: CG) will buy money manager TCW from Societe Generale. (WSJ)
The Consumer Financial Protection Bureau will tighten rules on mortgage service companies. (NYT)
The United Nations wants the United States to tighten ethanol production. (FT)
European Central Bank head Mario Draghi may have to take emergency measures to help Europe. (FT)
China’s export growth rises only 1% in July. (Bloomberg)
Douglas A. McIntyre
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