According to Reuters, volume sales are now the key to success for Apple’s (AAPL) new iPhone.

Reuters reports that the head of Merrill Lynch (MER) supports ongoing regulatory access to data from brokerages and believes the system needs further reform.

Reuters writes that Corporate Express will support  an improved buy-out offer from Staples (SPLS).

Reuters writes that Toyota (TM) will start lithium ion-battery output next year.

Reuters reports that Chrysler may cut output due to a downturn in truck sales.

Reuters writes that Lehman (LEH) may raise capital from Korea.

MarketWatch writes that China’s imports of crude oil rose almost 13% in the period from January to May.

The Wall Street Journal writes that inflation is heating up around the world.

The Wall Street Journal reports that if Carl Icahn buys Yahoo! (YHOO) it would trigger a huge severance plan for employees.

The Wall Street Journal reports that the IEA said the global oil demand would fall but that supply was becoming harder to find.

The Wall Street Journal reports that the USDA has cut its forecast for the US corn crop by over 3%.

The Wall Street Journal writes that the FCC is still pushing free web access for many Americans.

The Wall Street Journal writes that the CEO of Merrill Lynch believes that brokers should be able to borrow from the Fed on different terms than banks do.

The Wall Street Journal writes that GAP (GPS) will start to combine its brands in single stores to save money.

The New York Times writes that concerns about the economy are shifting to inflation.

The New York Times reports that broadcaster have done extremely well with ad sales for this year.

The FT writes that several banks including Merrill Lynch  and Citigroup (C) could face $10 billion due to the falling ratings of the monoline insurers like Ambac (ABK) and MBIA (MBI).

Bloomberg reports that Cbina exports grew 28% in May.

Douglas A. Mcintyre

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