Bloomberg:
- Nintendo will start selling its smallest player next month as Sony prepares for European sales of its PlayStation Portable after releases in Japan and the US.
- Iran received a military delegation from China, paving the way for cooperation in the defense field, Iran’s Mehr News agency reported, citing Brigadier General Nasser Mohammadi Far.
- Google plans to sell as many as 14.8 million shares in a secondary offering.
- Manufacturing growth in the Philadelphia area accelerated this month as companies rebuilt inventories and stepped up production to meet demand.
- The US dollar is rising for a fifth straight day against the euro, the longest streak in two months, and advanced versus the yen as a report showed the biggest gain in Philadelphia-area manufacturing since April.
- The yield on the 10-year T-note is falling after a Japanese government report showed that the country’s investors doubled their purchases of overseas bonds.
- Crude oil is falling again on signs that higher prices are finally cutting consumption.
NY Times:
- New York City and its suburbs have one of the highest death rates from heart disease, which is usually more common among poor people.
Wall Street Journal:
- India’s national oil companies will team up with Chinese counterparts to bid jointly for foreign energy assets, to cut the cost of fuelling their economies.
- Tommy Hilfiger is planning to put itself up for auction.
- Many Chinese are turning to the growing number of drugstores instead of state hospitals for medication, fueling a new market for over-the-counter treatments from multinational pharmaceutical companies.
- China’s health-care system is experiencing an increase in private programs for people who don’t want the lines and low-quality of care at government-run hospitals.
- Citadel Investment Group LLC, a Chicago hedge fund, played a leading role in a shortage of 10-year US T-notes recently.
- Morgan Stanley will probably raise $2 billion from the sale of its aircraft-leasing business.
- Generic drugs are boosting profit for companies such as Carmark and Express Scripts.
- Barclays Global Investors has be come the first asset manager to start an ETF tracking micro-cap US companies.
- More new US stocks have come to the market in the first two weeks of August than in any full month so far this year.
LA Times:
- Re/Max International plans to compete with Realtor.com in displaying all US residential property listings on its Web site.
Taloussanomat:
- Nokia Oyj plans to install Apple Computer’s iTunes software on its new music phone.
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