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Reuters: Thick oil hit the Mississippi coast as a large storm moved toward the Gulf.
Reuters: BP plc’s (NYSE: BP) oil spill costs hit $100 million a day.
Reuters: G20 leaders decided not to make positive comments about China’s move on the yuan.
Reuters: G20 plans to reduce national deficits will not calm the markets.
Reuters: G20 nations were split on what will help the recovery–stimulus or cuts.Reuters: Gold has moved back toward a record high.
Reuters: Senator Schumer urged the Fed to oversee bank fee charges.
Reuters: Germany said Apple Inc. (NASDAQ: AAPL) must improve data transparency.
Reuters: Salesforce.com (NYSE: CRM) sued Microsoft (NASDAQ: MSFT) over alleged patent violations
Reuters: China’s Talkan Life Insurance said Goldman Sachs Group is close to buying its AXA stake.
WSJ: G20 nations say they will cut national deficits in half by 2013.
WSJ: The financial overhaul bill may save homebuyers from predatory practices but may also limit their choices.
WSJ: Q2 earnings may show that investors have become too bearish.
WSJ: Germany’s external trade surplus is under attack.
WSJ: The SEC lost two critical prosecutions, hurting its credibility.
WSJ: UK banks are trying to lessen the impact of a new bank tax.
WSJ: Chinese investors are moving into the US stock market.
WSJ: Home Depot’s financial review could show if consumer spending has improved.
WSJ: Pakistan will monitor Google Inc. (NASDAQ: GOOG) for anti-Islamic content.
WSJ: BP said it captured 22,000 barrels of oil Saturday. Relief wells, however, will not be finished until August.
WSJ: “Toy Story 3” was the No.1 box office hit for the weekend.
NYT: Banks avoided new global regulations at the G20.
NYT: Obama is trying to expand broadband availability for commercial use.
FT: State budgets could cause another fiscal crisis.
FT: US corporate cash on balance sheets hit a record.
Bloomberg: US companies are getting better productivity by using temp workers who have become unemployed.
Bloomberg; The value of BP losses in the Gulf includes $22 billion from stock buybacks that went sour as the value of its shares plunge.
Bloomberg: The components of the new iPhone cost $188 according to iSuppli.
Douglas A. McIntyre
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