Bloomberg:
- General Motors will extend a program that gives employee discounts on cars and trucks to all customers.
- Ford Motor and DaimlerChrysler AG posted US sales increases of more than 25% in July.
- US scientists said this year’s Atlantic hurricane season will be stormier than previously forecast, producing as many as 21 tropical storms and 11 hurricanes.
Wall Street Journal:
- JPMorgan Chase executives are laying the groundwork for possible future acquisitions and some investors are uncomfortable.
- The FDA’s ban on an antibiotic used in poultry production, combined with moves by some companies to market antibiotic-free meat, have dented the market for animal growth drugs.
- Vonage Holdings, the largest Internet-phone company, will work with TowerStream, a wireless-broadband service, to provide businesses with voice and high-speed Internet services.
- The FDA may announce today a review of rules governing the way drugmakers advertise their products, potentially leading to tougher regulation.
- US families sent by their companies to more isolated cities in China are experiencing profound culture shock adjusting to local conditions.
- Time Warner, Cablevision Systems, Comcast and other cable-tv stocks may get a boost as the companies start reporting growth in their digital-telephone services.
- Some US private-equity funds are giving investors the chance to invest as little as $25,000, compared with as much as $10 million demanded by others.
NY Times:
- The US ambassador to Iraq outlined a plan for a gradual withdrawal of American troops.
CNBC:
- Bill Gross, chief investment officer at PIMCO, said he expects the Fed to raise rates to 3.75% or 4.0%.
Reuters:
- Iran’s decision to resume activities at a nuclear plant in the central city of Isfahan is “irreversible.”
Moscow Times:
- Google may open a center in St. Petersburg, Russia, and hire 3,000 workers.
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