MarketWatch: Goldman Sachs Group (NYSE: GS) was upped to overweight at JPM.
Reuters: Large shareholders of BP plc (NYSE: BP) were against the oil company raising a large sum of capital by issuing new shares.
Reuters: Oil from the spill leaked into Lake Pontchartrain.
Reuters: The EU said it would share bank data with the US to detect terrorism.
Reuters: Crude continued a four-week drop.Reuters: Fujitsu is letting software developers run some of its products free for testing purposes.
Reuters: Microsoft’s (NASDAQ: MSFT) Bing and Google Inc.’s (NASDAQ: GOOG) search products will allow for music downloads with Google’s set up to work with Android.
WSJ: Agricultural Bank of China’s IPO will gauge global demand for large Chinese companies.
WSJ: Many major stock markets are below 2007 highs.
WSJ: Vacant offices rose in Q2.
WSJ: Brian T. Moynihan’s choice as CEO of Bank of America (NYSE: BAC) was nearly blocked by one board member.
WSJ: Toyota Motor (NYSE: TM) is changing how its tests its cars.
WSJ: News Corp.’s (NYSE: NWS) MySpace is allowing search engines including Yahoo! (NASDAQ: YHOO), Bing, And Google Inc. to bid to sell ads on the service. The amount MySpace gets from the deal will be less that its last deal with Google.
WSJ: Eli Lilly & Co (NYSE: LLY) will lose patents on eight drugs this year.
WSJ: Dell Inc. (NASDAQ: DELL) is working to create a large business to serve the health care industry.
WSJ: China attacked a US plan to prevent one of its steel companies from investing in US counterparts.
WSJ: SK Telecom may offer the Apple Inc. (NASDAQ: AAPL) iPhone and iPad.
WSJ: Libya suggested it should by a stake in BP.
WSJ: Europe’s leaders are losing popularity because of new austerity plans.
WSJ: Growth in China’s car market slowed.
WSJ: CEOs at companies with stock price increases are hanging on to their jobs.
WSJ: China’s companies are increasing the rate at which they buy companies in Japan.
WSJ: IPOs which are also for sale to private investors get higher prices at market.
WSJ: The improvement in credit card delinquencies is because the long-term unemployed are no longer in the system
NYT: Rising labor costs cut hurt margins on the iPhone and other electronics.
FT: China may begin to invest in US banks.
FT: BP ruled out issuing new shares.
FT: The global car sector’s recovery is over for now.
FT: Investors are worried about regional defaults in the US.
Bloomberg: The head economist at TD Bank says the European financial situation will worsen
Bloomberg: Global nations are reducing deficits by the most since 1970 which will hurt GDP growth.
Bloomberg: Apple may use app downloads to sell ads.
Bloomberg: GM sales in Latin America could grow 68% by 2014.
Douglas A. McIntyre
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