Bloomberg:
- China’s crude oil imports rose 3.9% in the first half of the year, slowing to one-tenth of the pace in 2004 as refiners bought less oil because of higher prices.
- DreamWorks Animation SKG cut its 2005 profit forecast as sales of DVDs dried up.
- Sprint agreed to buy US Unwired for $1.3 billion after the company objected to Sprint’s planned purchase of Nextel Communications.
- Crude oil is falling for a third day after Hurricane Dennis missed the rigs and platforms concentrated off the Texas and Louisiana coasts and a report showed China’s demand for oil is decelerating dramatically.
- Morgan Stanley said Co-President Stephen Crawford will leave the world’s biggest securities firm.
- The euro rose the most in three weeks against the dollar and gained versus the yen as speculation waned that the European Central Bank will cut interest rates for the first time in more than two years.
Wall Street Journal:
- Europeans are finding that Muslim minority groups aren’t assimilating into the mainstream population, instead seeking to isolate themselves for everything from language to social life.
- Take-Two Interactive and Electronic Arts are fighting a major battle for rights to sports programming.
- Florida residents are resorting to more elaborate and more technologically sophisticated equipment to cope with destructive hurricanes and avoid having to abandon homes.
- Lawyers acting for AIG, the SEC and NY authorities are having discussions about settling charges that AIG polished up its financial results in recent years.
- Cisco Systems and Yahoo! will submit a jointly developed anti-spam technology to an Internet standards body as they seek wider use of their system.
- Pogo Producing plans to acquire Northrock Resources, the western Canada crude-oil and gas producing unit of Unocal for $1.8 billion.
NY Times:
- Restaurant chain-owners, such as Yum! Brands and CKE Restaurants, are trying to attract customers by offering two brands on the same premises.
AP:
- UAL’s United Airlines plans to recall as many as about 1,450 flight attendants as the carriers adds flights because of increasing demand.
No comments:
Post a Comment