Reuters: Sony (SNE) and Microsoft (MSFT) are battling to control home entertainment but consumers are slow to adopt their technologies.
Reuters: The “clunkers” program will end on August 24.
Reuters: GM is about to pick a buyer for Opel.
Reuters: The US recovery will be long and fragile.
Reuters: Dollar General has filed for a $750 million IPO.
Reuters: Starbucks (SBUX) lowered prices on some drinks.
Reuters: Back-to-school sales are poor for most clothing retailers.
Reuters: US home sales could hit a ten-month high in July.
Reuters: Morgan Stanley (MS) will begin aggressive hiring.
Reuters: The new AIG (AIG) CEO expects to repay taxpayers.
Reuters: The recession is causing some companies to hang on to large amounts of cash.
WSJ: The banking crisis is in a new phase when banks begin to face losses from toxic securities.
WSJ: One in eight houses with a mortgage is in foreclosure of has a delinquent loan.
WSJ: Google’s (GOOG) settlement with book authors may be challenged by a group including libraries, Microsoft (MSFT), Amazon (AMZN), and Yahoo! (YHOO).
WSJ: The Tribune Company will likely go into the hands of its lenders.
WSJ: The Swiss government made over $1 billion on its UBS (UBS) investment.
WSJ: Workers and private tech companies are looking for ways to sell some of their equity.
WSJ: Regulators are trying to determine a definition for “broadband”.
WSJ: The FDIC may loosen rules for buying failing banks.
WSJ: An effort by GM to sell cars on eBay (EBAY) has not worked well.
WSJ: Profits at SalesForce.com (CRM) doubled.
WSJ: Faltering prime loans are hurting the mortgage market.
WSJ: Companies are buying back their own bonds at discounts.
WSJ: China’s status as a coal exporter is disappearing.
WSJ: JP Morgan (JPM) may consider buying its own government warrants.
WSJ: Oracle’s (ORCL) Ellison has been exercising options.
WSJ: China Mobile (CHL) is faced with slower growth.
NYT: The numbers of highly wealthy people is dropping.
NYT: Funding to buy GM’s Saab unit has still not closed.
NYT: Natural gas prices hit a seven-year low.
FT: Unemployment is fueling the US housing crisis.
FT: Most central bankers have a sober view of the recovery.
FT: China arrest four people for piracy of Microsoft (MSFT) products.
FT: Oracle got clearance to buy Sun.
Bloomberg: The Administration may take a “hands off” approach to compensation at AIG (AIG) and Citigroup (C).
Douglas A. McIntyre
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