Reuters: Smart investors are starting to cherry- pick stocks.
Reuters: California may agree on a budget to stop using IOUs.
Reuters: Some stock funds are still making up for lost ground.
Reuters: The US housing market may be in early recovery.
Reuters: US unemployment spiked in June.
Reuters: Rio Tinto (RTP) wrapped up its rights offering.
Reuters: J&J (JNJ) bought a $1 billion stake in Elan and will get a piece of its portfolio of experimental drugs to treat Alzheimer’s disease
Reuters: The business jet market faces a slow recovery.
Reuters: If TALF is pulled the asset-backed securities market may falter.
Reuters: Dividends focused funds are doing especially well.
Reuters: The fate of GM is in the hands of a bankruptcy judge.
WSJ: Madoff feeder funds in Austria may have gotten $40 million in kickbacks.
WSJ: The Justice Department confirmed it is investigating a deal between Google (GOOG) and book authors.
WSJ: The government closed seven banks bringing the 2009 total to 52.
WSJ: Some investors are moving back into REITS.
WSJ: Oracle (ORCL) may cut up to 1,000 jobs.
WSJ: Siemens (SI) settled with The World Bank and paid $100 million.
WSJ: Boeing’s (BA) plane output is remaining steady.
WSJ: Dish Network (DISH) won a stay in a legal action by Tivo (TIVO).
WSJ: Stagnant pay is hurting consumer recovery.
WSJ: The White House is still looking at whether more stimulus is needed.
WSJ: The EU may take a hard line on derivatives.
WSJ: The Treasury plans to sell $136 billion in paper next week.
WSJ: Asia banks face rising prices if they stimulate economies too much.
NYT: The SEC may reinstate short selling rules.
NYT: The Shanghai Composite is up 68% this year.
NYT: The US is making the hurdles higher for private equity to buy US banks.
NYT: Exelon raised its bid for NRG to $7.43 billion
FT: A “rogue” broker was blamed for a big spike in oil prices.
FT: US advertisers are trying to avoid behavioral targeting laws.
FT: China oil companies are talking with oil company Reposal about buying crude joint ventures.
Douglas A. McIntyre
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