Yahoo! (NASDAQ: YHOO) appoints Google’s (NASDAQ: GOOG) Marissa Mayer as CEO. (Reuters)

A Senate report says that HSBC (NYSE: HBC) handled Iran and drug cartel funds. (Reuters)

Many investors do not like Google’s move into hardware. (Reuters)

Comcast (NASDAQ: CMCSA) buys out Microsoft’s (NASDAQ: MSFT) share of MSNBC.com. (Reuters)

Goldman Sachs (NYSE: GS) begins to create a private bank. (WSJ)

A Barclays (NYSE: BCS) executive says he was following orders when he moved to fix Libor rates. (WSJ)

The International Monetary Fund cuts the world GDP forecast and voices worry about Europe. (WSJ)

General Motors (NYSE: GM) predicts more losses in Europe. (WSJ)

Moody’s cuts the ratings of 13 Italian banks. (WSJ)

Germany’s top court will not rule on the constitutionality of bailout funds until well into September. (WSJ)

SUPERVALU (NYSE: SVU) will allow several investors to examine its financials. (WSJ)

Companies that do business in China say their results there are slowing. (WSJ)

Microsoft releases a new version of Office that uses the cloud. (WSJ)

Citigroup (NYSE: C) builds its businesses in the developing world. (WSJ)

Persistent drought in some parts of the country push up corn prices again. (WSJ)

The United States will tighten security around the release of critical economic data. (NYT)

Credit card companies may allow merchants to charge fees for their use. (NYT)

Bill Gross of PIMCO says the U.S. is close to recession. (Bloomberg)

Douglas A. McIntyre

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