Reuters: BP plc (NYSE: BP) has begun to run an important test on its well cap.
Reuters: China’s economy expanded at 11.1% in 1H but closed in Q2.
Reuters: GlaxoSmithKline (NYSE: GSK) expects $2.4 billion in legal charges in Q2.
Reuters: Apple Inc. (NASDAQ: AAPL) will hold an iPhone press conference on Friday.
Reuters: There are concerns that Google Inc.’s (NASDAQ:GOOG) cost per click will be down.
Reuters: China is pressuring Twitter-like sites.Reuters: The AgBank IPO was relatively weak raising concerns about the attractiveness of Chinese companies.
Reuters: Oaktree Capital won the bidding for $1.7 billion in FDIC assets from Am Trust.
WSJ: China is concerned about higher worker wages and a shortage of labor.
WSJ: Harvey Golub quit as the American International. Group (NYSE: AXP) chairman.
WSJ: An FDA panel voted to keep the GSK drug Avandia on the market.
WSJ: The financial services bill gives the government more power to create fees for banks.
WSJ: Google got Omnicom as a partner in the sale of display ads.
WSJ: Worldwide PC sales were up 22.4% in the second quarter with Dell Inc. (NASDAQ: DELL) doing well.
WSJ: Banks are gaining in the global debate about regulating risk.
WSJ: The Fed may assess the need for more stimulus if the economy slows further.
WSJ: Manufacturers in Asia are having trouble keeping up with the demand for consumer electronics.
NYT: A leak hurt the efforts of BP to cap its broken well.
NYT: Verizon Wireless is gaining on AT&T (NYSE: T) even though it does not have the Apple iPhone.
NYT: Toyota Motor (NYSE: TM) said design flaws caused some loss of control in its cars.
NYT: GM will offer an 8-year warranty for car batteries.
FT: Some members of Congress want to block more BP oil leases.
FT: Bank mortgage securities employment is booming.
Bloomberg: KKR raised $800 million for a China fund.
Bloomberg: Productivity in the US probably fell for the first time in a year.
Douglas A. McIntyre
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