Bloomberg:
- Google may add a free service as early as this week that lets people send instant messages and make telephone calls through their computers.
- Boston Scientific shipped products that weren’t cleared for sale, including defective Taxus stents, US regulators said in a warning letter.
- Intel today will unveil a redesigned version of its Pentium desktop processors.
- Wal-Mart debuted ads in Vogue magazine to add more upscale shoppers and improve its image.
- US Treasuries are rising, pushing 10-year note yields to the lowest in a month.
Wall Street Journal:
- Americans are putting more of their pension money into mutual funds than ever before even after a scandal two years ago, citing data from the Investment Company Institute.
- The US is the only major industrialized nation with a birth rate high enough to keep the average age of its workforce stable, citing a study by Population Reference Bureau.
- The US is making progress with its goal of establishing the Middle East as a free-trade area and developing economies in the region to help prevent extremism.
- AS identity theft increases, individuals in the US are to get free copies of their credit reports annually from the three major credit-reporting agencies.
- Pfizer, Bristol-Myers Squibb and Johnson & Johnson are among companies testing drugs to treat alcoholism, as part of a trend that might change the way the condition is remedied.
- NY’s Metropolitan Transportation Authority has called for proposals to provide wireless service on 277 underground subway station platforms.
- Merck has “no intention” of reaching a global settlement of the thousands of lawsuits that claim damage from its Vioxx painkiller.
NY Times:
- US retail sales for back-to-school season may rise as much as 18% from a year earlier to $34 billion as students buy more denim items and electronic goods.
- US video stores such as those owned by Blockbuster and Movie Gallery can survive with smarter management, cost-cutting and more online offerings.
AP:
- Verizon Communications and Yahoo! will join to offer high-speed Internet service for $14.95 a month to woo cable and dial-up Web users.
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