Facebook’s first half revenue doubles from a year ago. (Reuters)
Fitch warns about downgrades of China and Japan. (Reuters)
Department of Defense officials warn of cuts in the sum the government pays for weapons. (Reuters)
Gartner (NYSE: IT) cuts its 2011 forecast for PC sales. (Reuters)
Amazon.com (NASDAQ: AMZN) strikes deal with California on e-commerce taxes. (LA Times)
Apple (NASDAQ: AAPL) files a patent suit against Samsung in Japan. (Kyodo news agency)
The Federal Reserve may take more actions to save the economy. (WSJ)
The Yahoo! (NASDAQ: YHOO) board says Carol Bartz failed to meet a number of performance targets. (WSJ)
BP (NYSE: BP) discovers large oil deposits in the Gulf. (WSJ)
Google (NASDAQ: GOOG) gives patents to HTC so it can take action against Apple. (WSJ)
The Fed’s Beige Book shows further slowdown of the economy. (WSJ)
German industrial output rises sharply in July. (WSJ)
Greece may have to cut more from its budget because of pressure from other eurozone nations. (WSJ)
Kraft (NYSE: KFT) reveals more details of plans to divide the company into two parts. (WSJ)
Boeing (NYSE: BA) says it raised expectations of sales in China. (WSJ)
Bank of America (NYSE: BAC) says it will not change the compensation of Merrill Lynch brokers. (WSJ)
HSBC (NYSE: HBC) to cut 3,000 jobs in Hong Kong. (WSJ)
The odds that the U.S. has fallen into a double dip recession may be as high as 50%. (NYT)
Bank of America is near to making decisions based on a long study of its business prospects. (NYT)
The Energy Department makes more large loan guarantees to solar companies. (NYT)
Fedex (NYSE : FDX) may buy planes from Boeing and Airbus. (Bloomberg)
The Bank of England mulls new efforts to help the UK economy. (Bloomberg)
A new Italian budget plan is likely to pass the country’s Senate. (Bloomberg)
Lagarde tries to use the IMF to curtail fierce debates over how Europe can solve budget problems. (Bloomberg)
Bank of America may need to make a case that the company should not be broken up. (Bloomberg)
Douglas A. McIntyre
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